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:
- 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