This bill establishes new procedures and timelines for federal agencies reviewing acquisition applications from bank holding companies, savings and loan holding companies, and insured depository institutions. Its primary goal is to enhance efficiency and provide clarity in the regulatory approval process for these financial transactions. The legislation mandates that within 30 days of receiving an application, the responsible agency must inform the applicant if the record is complete or detail any missing information. This period can be extended by an additional 30 days for complex cases. Upon receiving a response to an information request, the record is deemed complete unless the agency identifies and notifies the applicant of material deficiencies within 30 days. A significant change is that agencies are explicitly prohibited from using third-party information when determining the completeness of an application record, focusing solely on data provided by the applicant. This aims to streamline the initial review phase and prevent external factors from delaying the process. Furthermore, the bill imposes a strict 90-day deadline for agencies to grant or deny an application from its initial submission date, irrespective of whether the record was complete at that point. If an agency fails to act within this timeframe, the application is automatically deemed granted. Applicants may request a single extension of up to 30 days for this final determination period.