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Bill Details

SJRES.13 - 119th Congress

Track A joint resolution 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.? Stop tracking A joint resolution 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.?

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A joint resolution 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.

A joint resolution 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.
Status
  1. Introduced
  2. Passed House
  3. Passed Senate
  4. To President
  5. Law
Latest action
2025-06-20 - Became Public Law No: 119-19.
Introduced Date
2025-02-04
Policy Area
Finance and Financial Sector
Committees
View committees (1)
Votes
View all votes for this bill →
7
0

AI Summary This summary was generated by AI from the bill text. AI can get information wrong.

This law blocks a banking rule issued by the Office of the Comptroller of the Currency about how bank merger and business combination applications are reviewed. By rejecting the rule, Congress made sure it cannot be used and has no legal effect.

  • It overturns the rule called “Business Combinations Under the Bank Merger Act,” issued in September 2024.
  • Because Congress disapproved it, the rule is treated as if it never took effect.
  • The measure passed the Senate on May 6 and 7, 2025, and passed the House on May 20, 2025.

Official Summaries

This joint resolution nullifies the final rule issued by the Department of the Treasury’s Office of the Comptroller of the Currency titled Business Combinations Under the Bank Merger Act and published on September 25, 2024. The rule revises procedures for reviewing applications for proposed bank mergers, such as by removing automatic approvals under an expedited review procedure and by discontinuing streamlined application forms.

This joint resolution nullifies the final rule issued by the Department of the Treasury’s Office of the Comptroller of the Currency titled Business Combinations Under the Bank Merger Act and published on September 25, 2024. The rule revises procedures for reviewing applications for proposed bank mergers, such as by removing automatic approvals under an expedited review procedure and by discontinuing streamlined application forms.

Current Full Text

[119th Congress Public Law 19]
[From the U.S. Government Publishing Office]



[[Page 139 STAT. 70]]

Public Law 119-19
119th Congress

                            Joint Resolution


 
  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. <<NOTE: June 
                      20, 2025 -  [S.J. Res. 13]>> 

    Resolved by the Senate and House of Representatives of the United 
States of America in Congress assembled, 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.

    Approved June 20, 2025.

LEGISLATIVE HISTORY--S.J. Res. 13:
---------------------------------------------------------------------------

CONGRESSIONAL RECORD, Vol. 171 (2025):
            May 6, 7, considered and passed Senate.
            May 20, considered and passed House.

                                  <all>

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