1. Short title; table of contents (a) Short title This Act may be cited as the Bank Merger Review Modernization Act of 2019 . (b) Table of contents The table of contents for this Act is as follows: Sec. 1. Short title; table of contents. Sec. 2. Compliance with Federal consumer financial laws. Sec. 3. Cost-benefit analysis for merger transactions. Sec. 4. Community Reinvestment Act performance. Sec. 5. Financial stability considerations for merger transactions. Sec. 6. Financial criteria for certain merger transactions. Sec. 7. Managerial criteria for certain merger transactions. Sec. 8. Competitive effects. Sec. 9. Transparency in merger review. Sec. 10. Financial stability exception. Sec. 11. Citizen standing. 2. Compliance with Federal consumer financial laws (a) Application for mergers or acquisitions (1) In general Not later than 180 days after the date of the enactment of this Act, the Director of the Bureau of Consumer Financial Protection shall establish procedures for a covered applicant to submit an application to directly or indirectly merge with, or directly or indirectly acquire, a person that offers or provides consumer financial products or services (as defined in section 1002 of the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5481(14) )). (2) Public comment The Director shall allow a period of at least 30 days for public comment on applications submitted under paragraph (1). (b) Prohibition It shall be unlawful for a covered applicant to directly or indirectly merge with, or directly or indirectly acquire, a person that offers or provides consumer financial products or services (as defined in section 1002 of the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5481(14) )) without the prior written approval of the Director. (c) Considerations In considering an application under subsection (a), the Director shall— (1) consider the records of the covered applicant and the person with respect to compliance with the Federal consumer financial laws