Merger Process Review Act

HR 6546, the Merger Process Review Act, requires the Inspector General of four federal banking regulators (the Federal Reserve, Comptroller of the Currency, FDIC, and NCUA) to annually review and report on how quickly and efficiently these agencies process applications for bank and credit union mergers. The reviews, conducted every three years starting one year after the bill's enactment, will analyze metrics like average processing times, identify delays, and recommend improvements to speed up the merger approval process. This directly affects banks, credit unions, and the federal agencies that oversee their mergers by mandating transparency and accountability in handling these applications. The bill does not change merger rules but requires regular, data-driven evaluations to reduce unnecessary delays in the approval process.