,,ib ,union ,calendar ,no4 #dec #aaith  
,,congress  #b;d ,session  ,h4 ,r4 #fedf
 ,report ,no4 #aai-ebh ,,in ,,the       
,,house ,,of ,,representatives          
,december #i1 #bjbe,mr4 ,williams of    
,texas introduced the following bill2   
which was referred to the ,committee on 
,financial ,services  ,february #be1    
#bjbf;,additional sponsors3 ,mr4        
,davidson and ,mr4 ,lawler  ,february   
#be1 #bjbf,reported with an amendment1  
committed to the ,committee of the      
,whole ,house on the ,state of the      
,union1 and ordered to be printed,strike
 out all after the enacting clause and  
insert the part printed in italic,for   
text of introduced bill1 see copy of    
bill as introduced on ,december #i1     
#bjbe  ,a ,,bill  ,to require the       
,inspector ,general of each ,federal    
prudential regulator to carry out a     
review every #c years of the regulator's
 handling of insured depository         
institution merger applications1 and for
 other purposes4  #a4 ,short title ,this

 ,act may be cited as the ,merger       
,process ,review ,act4  #b4 ,inspector  
general review of the handling of       
insured depository institution merger   
applications  7a7 ,review ,not later    
than #a year after the date of enactment
 of this ,act1 and every #c years       
thereafter1 the ,inspector ,general of  
each ,federal depository institution    
regulatory agency shall review the      
,federal depository institution         
regulatory agency's merger review       
procedures1 including record of         
timeliness and efficiency in reviewing  
and acting upon insured depository      
institution merger applications4 ,the   
review shall-- 7#a7 include an          
evaluation of relevant quantifiable     
metrics1 including mean and median      
application processing times2  7#b7     
identify sources of delay that may      
hinder the timely consummation of       
proposals that meet the relevant        
statutory factors2  7#c7 consider the   
benefits and risks of utilizing         

different merger review approaches and  
procedures in compliance with the law2  
7#d7 include an evaluation of the impact
 of such merger review procedures and   
resulting approved mergers on safety and
 soundness1 financial stability1        
competition1 and the availability of    
financial products and services offered 
by insured depository institutions2 and 
7#e7 include specific recommendations to
 improve the merger review process1     
including timeliness and efficiency of  
application processing1 consistent with 
the ,federal depository institution     
regulatory agency's statutory           
responsibilities4  7b7 ,report ,each    
,inspector ,general described under     
subsection 7a7 shall1 at the conclusion 
of each review required under subsection
 7a71 issue a report to ,congress       
containing all findings and             
determinations made in carrying out the 
review1 and publish such report online4 
7c7 ,agency response ,in response to    
each report issued to ,congress under   

subsection 7a71 the appropriate ,federal
 depository institution regulatory      
agency shall submit to ,congress and    
publish online a written response1      
including a plan to implement the       
recommendations in the report1 to the   
extent such implementation is           
appropriate4  7d7 ,definitions ,in this 
section3 7#a7 ,application ,the term    
application means an application1       
notice1 or other similar request for    
permission submitted to a ,federal      
depository institution regulatory       
agency4  7#b7 ,federal depository       
institution regulatory agency ,the term 
,federal depository institution         
regulatory agency means the ,board of   
,governors of the ,federal ,reserve     
,system1 the ,comptroller of the        
,currency1 the ,federal ,deposit        
,insurance ,corporation1 and the        
,national ,credit ,union ,administration
 ,board4  7#c7 ,insured depository      
institution ,the term insured depository
 institution-- 7,a7 has the meaning     

given that term in section #c of the    
,federal ,deposit ,insurance ,act 7#ab  
,u4,s4,c4 #ahac72 and  7,b7 means an    
insured credit union1 as defined in     
section #aja of the ,federal ,credit    
,union ,act 7#ab ,u4,s4,c4 #ageb74  7#d7
 ,insured depository institution merger 
application ,the term insured depository
 institution merger application means an
 application with respect to the        
acquisition of an insured depository    
institution1 its equity interests1 its  
assets1 or its deposits under-- 7,a7    
section #aj7;e7 of the ,home ,owners'   
,loan ,act 7#ab ,u4,s4,c4 #adfg;a7e772  
7,b7 section #bje7;b7 of the ,federal   
,credit ,union ,act 7#ab ,u4,s4,c4      
#aghe7;b772  7,c7 section #g7;j7 of the 
,federal ,deposit ,insurance ,act 7#ab  
,u4,s4,c4 #ahag7;j772  7,d7 section     
#ah7;c77#b7 of the ,federal ,deposit    
,insurance ,act 7#ab ,u4,s4,c4          
#ahbh7;c77#b772  7,e7 section #c of the 
,bank ,holding ,company ,act of #aief   
7#ab ,u4,s4,c4 #ahdb72 and  7,f7 section

 #d of the ,bank ,holding ,company ,act 
of #aief 7#ab ,u4,s4,c4 #ahdc74         
,february #be1 #bjbf,reported with an   
amendment1 committed to the ,committee  
of the ,whole ,house on the ,state of   
the ,union1 and ordered to be printed