S. 3213: Bank Merger Review Modernization Act of 2019
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S. 3213: Bank Merger Review Modernization Act of 2019
116th Congress · introduced 2020-01-16 · Finance and Financial Sector · Latest: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
federal
Follow this bill, step by step
- Where it came from: introduced 2020-01-16 · official record
- Who proposed it: Sen. Warren, Elizabeth [D-MA] · what a sponsor is
- What happened next: no floor votes in our records yet. Why?
- Where it stands now: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Not final yet: this can still change. We check for updates every day.
- If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.
Official title
Bank Merger Review Modernization Act of 2019
Plain summary
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.
Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.
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A “Nay” vote
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What does this mean? (plain words)
Official text
Bank Merger Review Modernization Act of 2019
Source: Congressional Research Service summary (Introduced in Senate)
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How did my representative vote? · This bill's floor votes
Officials and money
Sponsor: Sen. Warren, Elizabeth [D-MA] · 0 cosponsors
Cost estimate: No cost estimate published yet.
Sponsor's campaign money: Sen. Warren, Elizabeth [D-MA] reported raising $5.0 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.
No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.
Words on this page, explained (1)
- Bill
- A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Plain meanings written from linked sources. All words.
Sources
- Congressional Research Service summary (Introduced in Senate)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-116s3213.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/116/s>
Record fed-us-cong116-s3213 · catalog fed-us-congress-bills-cong116 · updated 2026-11-15 by psicol fed-bills-cong116