,,ib ,union ,calendar ,no4 #dfj #aaith  
,,congress  #b;d ,session  ,h4 ,r4 #fegj
 ,report ,no4 #aai-ece ,,in ,,the       
,,house ,,of ,,representatives          
,december #aj1 #bjbe,mr4 ,fitzgerald    
introduced the following bill2 which was
 referred to the ,committee on          
,financial ,services  ,february #be1    
#bjbf;,additional sponsor3 ,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 #aj1 #bjbe  ,a ,,bill  ,to   
require the ,comptroller ,general of the
 ,united ,states to study the use of    
commitments and conditions in connection
 with insured depository institution    
merger applications by ,federal         
depository institution regulatory       
agencies to ensure they align with      

statutory requirements1 and for other   
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,merger ,agreement  
,approvals ,clarity and ,predictability 
,act4  #b4 ,,gao study on use of        
commitments and conditions in connection
 with insured depository institution    
merger applications  7a7 ,study ,the    
,comptroller ,general of the ,united    
,states shall carry out a study on the  
use of commitments1 conditions1 and     
other aspects of merger review          
procedures by ,federal depository       
institution regulatory agencies in      
connection with insured depository      
institution merger applications4 ,the   
study shall-- 7#a7 include an evaluation
 of relevant quantifiable metrics2  7#b7
 review the extent to which the use of  
commitments and conditions has aligned  
with statutory requirements1 including a
 review of whether the use of           
commitments and conditions has been     
influenced by extrastatutory issues or  
considerations2  7#c7 consider the      

benefits and risks of utilizing         
different merger review approaches and  
procedures in compliance with the law2  
and  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 institutions4  7b7
 ,report ,not later than #a year after  
the date of enactment of this ,act1 the 
,comptroller ,general shall issue a     
report to ,congress containing all      
findings and determinations made in     
carrying out the study required under   
subsection 7a74  7c7 ,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