The federal law that requires each U.S.merging bank to notify its principal federal regulatory agency and request for an approval before a merger can take place is the:

Question

Quizplus · Accepted Answer

The Bank Merger Act, also known as the Bank Holding Company Act, is a federal law that requires banks to notify their principal federal regulatory agency and request approval before a merger can take place. This law aims to promote competition and prevent the formation of monopolies in the banking industry. The other options listed are banking laws, but they do not specifically address the requirement for approval of bank mergers.

The Federal Law That Requires Each U