Congress Disapproves Currency Rule

Senate Joint Resolution S.J.Res. 13

The Senate Joint Resolution S.J.Res. 13 was introduced to provide for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Office of the Comptroller of the Currency of the Department of the Treasury relating to the review of applications under the Bank Merger Act.

Background

The resolution was introduced on February 4, 2025, and referred to the Committee on Banking, Housing, and Urban Affairs. The committee discharged it by petition, pursuant to 5 U.S.C. 802(c), and placed it on the calendar.

Calendar No.:

  • 69
  • 119TH CONGRESS
  • 1 ST SESSION

The Joint Resolution

The joint resolution was placed on the calendar after being read twice.

Date Introduced:

February 4, 2025

Date Committee Discharged:

MAY 6, 2025

The Rule Being Disapproved

The Office of the Comptroller of the Currency of the Department of the Treasury submitted a rule relating to 'Business Combinations Under the Bank Merger Act' (89 Fed. Reg. 78207 (September 25, 2024)), which was disapproved by Congress.

"Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Office of the Comptroller of the Currency of the Department of the Treasury relating to the review of applications under the Bank Merger Act."

Resolution

The joint resolution was resolved as follows:

  1. Resolved, That Congress disapproves the rule submitted by the Office of the Comptroller of the Currency of the Department of the Treasury relating to ‘‘Business Combinations” Under the Bank Merger Act’’ (89 Fed. Reg. 78207 (September 25, 2024)), and such rule shall have no force or effect.

Direct Link:

https://www.govinfo.gov/app/details/BILLS-119sjres13pcs

Citation Details

IN THE SENATE OF THE UNITED STATES
February 4, 2025
Mr. KENNEDY (for himself, Mr. HAGERTY , Mr. TILLIS , Mr. SCOTT of South Carolina, Mr. DAINES , and Mr. MORENO ) introduced the following joint resolution; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs
MAY 6, 2025
Committee discharged, by petition, pursuant to 5 U.S.C. 802(c), and placed on the calendar

Citation Details

JOINT RESOLUTION
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rulesubmitted by the Office of the Comptroller of theCurrency of the Department of the Treasury relating
to the review of applications under the Bank Merger Act.

Citation Details

MAY 6, 2025
Committee discharged, by petition, pursuant to 5 U.S.C. 802(c), and placed on the calendar