All Information (Except Text) for S.3213 - Bank Merger Review Modernization Act of 2019116th Congress (2019-2020)
|Sponsor:||Sen. Warren, Elizabeth [D-MA] (Introduced 01/16/2020)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||Senate - 01/16/2020 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (All Actions)|
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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries
Actions Overview (1)
|01/16/2020||Introduced in Senate|
01/16/2020 Introduced in Senate
All Actions (1)
|01/16/2020||Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.|
Action By: Senate
01/16/2020 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|Committee / Subcommittee||Date||Activity||Related Documents|
|Senate Banking, Housing, and Urban Affairs||01/16/2020||Referred to|
Subject — Policy Area:
One Policy Area term, which best describes an entire measure, is assigned to every public bill or resolution.
- Accounting and auditing
- Bank accounts, deposits, capital
- Banking and financial institutions regulation
- Business records
- Civil actions and liability
- Community life and organization
- Competition and antitrust
- Consumer Financial Protection Bureau
- Consumer credit
- Corporate finance and management
- Economic performance and conditions
- Financial crises and stabilization
- Financial services and investments
- Government ethics and transparency, public corruption
- Government information and archives
- Government studies and investigations
- Legal fees and court costs
- Performance measurement
- Public participation and lobbying
Latest Summary (1)
Introduced in Senate (01/16/2020)
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.