H.R. 6546 · On the floor · Finance and Financial Sector

Merger Process Review Act

Sponsor: Roger Williams (R-TX)

What it does

• Requires the Inspector General offices serving the Federal Reserve, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and National Credit Union Administration to review merger approval pro
• Mandates that each OIG examine the timeliness and efficiency of the regulator's merger application review process and report findings and recommendations.
• Requires each regulator to submit a plan describing how it will implement the OIG's recommendations.

Official summary

Merger Process Review Act This bill requires the appropriate Office of the Inspector General (OIG) that serves the Federal Reserve Board, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration to periodically review the merger applications received by that regulator. Specifically, every three years, the appropriate OIG must examine that regulator’s merger approval procedures, including timeliness and efficiency, and report on its findings and recommendations. The regulator must then submit a plan to implement the appropriate recommendations.

Latest action

Feb 25, 2026: Placed on the Union Calendar, Calendar No. 453.

Committee: House Financial Services