Public Law 119-73 (01/23/2026)

12 U.S.C. § 5363

Acquisitions

(a)

Acquisitions of banks; treatment as a bank holding company

section 1842 of this titleFor purposes of , a nonbank financial company supervised by the Board of Governors shall be deemed to be, and shall be treated as, a bank holding company.

(b)

Acquisition of nonbank companies

(1)

Prior notice for large acquisitions

section 1843(k)(6)(B) of this titlesection 1843(k) of this titleNotwithstanding , a bank holding company with total consolidated assets equal to or greater than $250,000,000,000 or a nonbank financial company supervised by the Board of Governors shall not acquire direct or indirect ownership or control of any voting shares of any company (other than an insured depository institution) that is engaged in activities described in having total consolidated assets of $10,000,000,000 or more, without providing written notice to the Board of Governors in advance of the transaction.

(2)

Exemptions

section 1843(c) of this titlesection 1843(k)(4)(E) of this titleThe prior notice requirement in paragraph (1) shall not apply with regard to the acquisition of shares that would qualify for the exemptions in or .

(3)

Notice procedures

section 1843(j)(1) of this titlesection 1843(j)(3) of this titlesection 1843(k) of this titleThe notice procedures set forth in , without regard to , shall apply to an acquisition of any company (other than an insured depository institution) by a bank holding company with total consolidated assets equal to or greater than $250,000,000,000 or a nonbank financial company supervised by the Board of Governors, as described in paragraph (1), including any such company engaged in activities described in .

(4)

Standards for review

section 1843(j)(2) of this titleIn addition to the standards provided in , the Board of Governors shall consider the extent to which the proposed acquisition would result in greater or more concentrated risks to global or United States financial stability or the United States economy.

(5)

Hart-Scott-Rodino filing requirement

section 18a(c)(8) of title 15Solely for purposes of , the transactions subject to the requirements of paragraph (1) shall be treated as if Board of Governors approval is not required.

Pub. L. 111–203, title I, § 163124 Stat. 1422Pub. L. 115–174, title IV, § 401(c)(1)(E)132 Stat. 1358(, , ; , , .)

Editorial Notes

Amendments

Pub. L. 115–1742018—Subsec. (b)(1), (3). substituted “$250,000,000,000” for “$50,000,000,000”.

Statutory Notes and Related Subsidiaries

Effective Date of 2018 Amendment

Pub. L. 115–174section 401(d) of Pub. L. 115–174section 5365 of this titleExcept as otherwise provided, amendment by effective 18 months after , see , set out as a note under .

Construction of 2018 Amendment

Pub. L. 115–174section 401(g) of Pub. L. 115–174section 5365 of this titleFor construction of amendment by as applied to certain foreign banking organizations, see , set out as a note under .