H.R. 5262 — Bank Competition Modernization Act

This section amends the Federal Deposit Insurance Act, Bank Holding Company Act of 1956, and Home Owners' Loan Act to exempt proposed mergers, acquisitions, or consolidations of insured depository institutions, bank holding companies, or savings and loan holding companies, respectively, that would result in an entity with less than $10 billion in assets from agency review of whether the transaction would create a monopoly, substantially lessen competition, or restrain trade. It also (1) adds such mergers to the list of insured depository institution transactions exempt from certain prior notice requirements under the Federal Deposit Insurance Act and (2) requires the FDIC (for depository institutions) and Federal Reserve Board (for holding companies) to annually adjust the $10 billion threshold upward based on the percentage increase in U.S. nominal GDP for the year from the highest such GDP in the preceding five years, using Bureau of Economic Analysis statistics. (Thus, mergers among community banks and smaller holding companies face reduced antitrust scrutiny.)