To amend the Federal Deposit Insurance Act to require the Federal banking agencies to monitor compliance by depository institutions and depository institution holding companies with commitments made by such institutions in connection with a merger or acquisition, and for other purposes.
Depository Institution Merger Pledge Enforcement Act - Amends the Federal Deposit Insurance Act to mandate that certain Federal banking regulatory agencies establish and maintain procedures for monitoring, on an ongoing basis, depository institution and depository institution holding company compliance with merger and acquisition pledges, including any pledge or commitment relating to community lending and investment. Requires such agencies to publish in the Federal Register any finding of noncompliance.
Authorizes the agencies to take such noncompliance into account when making future decisions regarding the depository institution.
Introduced in House
Introduced in House
Referred to the House Committee on Banking and Financial Services.
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Sponsor introductory remarks on measure. (CR E1570-1571)
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