; and (II) retain the documentation for review under clause (v). (v) GAO review The Comptroller General of the United States shall review and report to Congress on any determination under clause (ii), including— (I) the basis for the determination; (II) the purpose for which any action was taken pursuant to such clause; and (III) the likely effect of the determination and such action on the incentives and conduct of insured depository institutions and uninsured depositors. (vi) Notice (I) In general Not later than 3 days after making a determination under clause (ii), the Secretary of the Treasury shall provide written notice of any determination under clause (ii) to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives. (II) Description of basis of determination The notice under subclause (I) shall include a description of the basis for any determination under clause (ii). . 5. Acquisitions of distressed banks (a) Definitions In this section: (1) Appropriate Federal banking agency; insured bank The terms appropriate Federal banking agency and insured bank have the meanings given the terms in section 3 of the Federal Deposit Insurance Act ( 12 U.S.C. 1813 ). (2) Board The term Board means the Board of Governors of the Federal Reserve System. (3) Bank holding company; control; subsidiary The terms bank holding company , control , and subsidiary have the meanings given the terms in section 2 of the Bank Holding Company Act of 1956 ( 12 U.S.C. 1841 ). (4) Covered entity The term covered entity means— (A) after a transaction described in subsection (b)(1)(A), the bank holding company of which the applicable distressed insured bank has become a subsidiary; (B) after a transaction described in subsection (b)(1)(B), the bank holding company that has acquired the direct or indirect ownership or control described in that provision