United States 116th Congress Status: In Committee 1 D cosponsors

HR 5318 — Bank Merger Review Modernization Act of 2019

Last action — Referred to the House Committee on Financial Services.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 116th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there are no live odds of enactment. It would have to be reintroduced in the current session to move again.

Summary

Bank Merger Review Modernization Act of 2019 This bill establishes additional requirements for bank mergers and acquisitions, including by requiring approval from the Consumer Financial Protection Bureau for certain mergers involving a provider of consumer financial products, financial regulators to determine that the public benefits of any merger outweigh the costs, specified community reinvestment ratings, and institutions to meet certain financial stability standards and stress testing. Financial regulators must assess the competitive effects a merger will have on the market for certain financial products. Applicants for a bank merger must disclose specified communications regarding the proposed merger. The bill provides citizens with standing to file a civil action to review a merger approval.

Bill Text

Action History

  1. Introduced in House

  2. Introduced in House

  3. Sponsor introductory remarks on measure. (CR E1545)

  4. Referred to the House Committee on Financial Services.

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

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Subjects

finance
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Frequently asked questions

What does HR 5318 do?
Bank Merger Review Modernization Act of 2019 This bill establishes additional requirements for bank mergers and acquisitions, including by requiring approval from the Consumer Financial Protection Bureau for certain mergers involving a provider of consumer financial products, financial regulators to determine that the public benefits of any merger outweigh the costs, specified community reinvestment ratings, and institutions to meet certain financial stability standards and stress testing. Financial regulators must assess the competitive effects a merger will have on the market for certain financial products. Applicants for a bank merger must disclose specified communications regarding the proposed merger. The bill provides citizens with standing to file a civil action to review a merger approval.
Who sponsors HR 5318?
HR 5318 is sponsored by García, Jesús G. "Chuy" (Democratic).
What is the current status of HR 5318?
This bill died with 116th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HR 5318?
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