I 
119TH CONGRESS 
1ST SESSION H. R. 6570 
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 regu-
latory agencies to ensure they align with statutory requirements, and 
for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
DECEMBER 10, 2025 
Mr. FITZGERALD introduced the following bill; which was referred to the 
Committee on Financial Services 
A BILL 
To require the Comptroller General of the United States 
to study the use of commitments and conditions in con-
nection with insured depository institution merger appli-
cations by Federal depository institution regulatory agen-
cies to ensure they align with statutory requirements, 
and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Merger Agreement Ap-
provals Clarity and Predictability Act’’. 
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SEC. 2. GAO STUDY ON USE OF COMMITMENTS AND CONDI-
TIONS IN CONNECTION WITH INSURED DE-
POSITORY INSTITUTION MERGER APPLICA-
TIONS. 
(a) STUDY.—The Comptroller General of the United 
States shall carry out a study on the use of commitments 
and conditions by Federal depository institution regu-
latory agencies in connection with insured depository insti-
tution merger applications. The study shall— 
(1) include an evaluation of relevant quantifi-
able metrics; and 
(2) review the extent to which the use of com-
mitments and conditions has aligned with statutory 
requirements, including a review of whether the use 
of commitments and conditions has been influenced 
by extrastatutory issues or considerations. 
(b) REPORT.—Not later than 6 months after the date 
of enactment of this Act, the Comptroller General shall 
issue a report to Congress containing all findings and de-
terminations made in carrying out the study required 
under subsection (a). 
(c) DEFINITIONS.—In this section: 
(1) APPLICATION.—The term ‘‘application’’ 
means an application, notice, or other similar re-
quest for permission submitted to a Federal deposi-
tory institution regulatory agency. 
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(2) FEDERAL DEPOSITORY INSTITUTION REGU-
LATORY AGENCY.—The term ‘‘Federal depository in-
stitution regulatory agency’’ means the Board of 
Governors of the Federal Reserve System, the 
Comptroller of the Currency, the Federal Deposit 
Insurance Corporation, and the National Credit 
Union Administration Board. 
(3) INSURED DEPOSITORY INSTITUTION.—The 
term ‘‘insured depository institution’’— 
(A) has the meaning given that term in 
section 3 of the Federal Deposit Insurance Act 
(12 U.S.C. 1813); and 
(B) means an insured credit union, as de-
fined in section 101 of the Federal Credit 
Union Act (12 U.S.C. 1752). 
(4) INSURED DEPOSITORY INSTITUTION MERG-
ER APPLICATION.—The term ‘‘insured depository in-
stitution merger application’’ means an application 
with respect to the acquisition of an insured deposi-
tory institution, its equity interests, its assets, or its 
deposits under— 
(A) section 10(e) of the Home Owners’ 
Loan Act (12 U.S.C. 1467a(e)); 
(B) section 205(b) of the Federal Credit 
Union Act (12 U.S.C. 1785(b)); 
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(C) section 7(j) of the Federal Deposit In-
surance Act (12 U.S.C. 1817(j)); 
(D) section 18(c)(2) of the Federal De-
posit Insurance Act (12 U.S.C. 1828(c)(2)); 
(E) section 3 of the Bank Holding Com-
pany Act of 1956 (12 U.S.C. 1842); and 
(F) section 4 of the Bank Holding Com-
pany Act of 1956 (12 U.S.C. 1843). 
Æ 
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