Skip to main content
S 2882 117th Congress Senate Finance and Financial Sector

Bank Merger Review Modernization Act of 2021

Introduced: September 29, 2021 Introduced by: Warren, Elizabeth Democratic · Massachusetts See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 29, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sep 29, 2021
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

Bank Merger Review Modernization Act of 2021

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.

Further, financial regulators must assess the competitive effects a merger will have on the market for certain financial products.

Additionally, applicants for a bank merger must disclose specified communications regarding the proposed merger.

The bill also provides citizens with standing to file a civil action to review a merger approval.

What's happening now September 29, 2021

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Related & companion bills 1
  • HR 5419 Identical bill Bank Merger Review Modernization Act of 2021
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2882: Bank Merger Review Modernization Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-S-2882/
MLA
"S. 2882: Bank Merger Review Modernization Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-2882/.
Bluebook (legal)
S. 2882, 117th Cong. (2026), https://openamerica.io/bill/117-S-2882/.
Markdown link
[S. 2882: Bank Merger Review Modernization Act of 2021](https://openamerica.io/bill/117-S-2882/)
Report a problem