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H.R. 5318 116th Congress House

Bank Merger Review Modernization Act of 2019

Official title: To amend certain banking laws to establish requirements for bank mergers, and for other purposes.

Introduced: December 5, 2019 Introduced by: Jesús G. "Chuy" García Democratic · Illinois See on congress.gov
Finance and Financial Sector Accounting and auditingBank accounts, deposits, capitalBanking and financial institutions regulationBusiness records
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Civil actions and liabilityCommunity life and organizationCompetition and antitrustConsumer Financial Protection BureauConsumer creditCorporate finance and managementEconomic performance and conditionsFinancial crises and stabilizationFinancial services and investmentsGovernment ethics and transparency, public corruptionGovernment information and archivesGovernment studies and investigationsLegal fees and court costsPerformance measurementPublic participation and lobbyingUnemployment
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 5, 2019
Introduced in House
Dec 5, 2019
Referred to the House Committee on Financial Services.
Dec 5, 2019
Sponsor introductory remarks on measure. (CR E1545)
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 Latest action December 5, 2019

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 1
  • S 3213 Bank Merger Review Modernization Act of 2019
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 3
D
Norton, Eleanor Holmes
District of Columbia · Dec 5, 2019
 D
Schakowsky, Janice D.
Illinois · Dec 5, 2019
 D
Tlaib, Rashida
Michigan · Dec 5, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5318: Bank Merger Review Modernization Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-HR-5318/
MLA
"H.R. 5318: Bank Merger Review Modernization Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-5318/.
Bluebook (legal)
H.R. 5318, 116th Cong. (2026), https://openamerica.io/bill/116-HR-5318/.
Markdown link
[H.R. 5318: Bank Merger Review Modernization Act of 2019](https://openamerica.io/bill/116-HR-5318/)
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