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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.
6/23/2025, 6:12 PM
Summary of Bill SJRES 13
Bill 119 SJ Res 13 is a joint resolution that aims to disapprove a rule submitted by the Office of the Comptroller of the Currency of the Department of the Treasury. This rule pertains to the review of applications under the Bank Merger Act. The resolution falls under chapter 8 of title 5, United States Code, which allows Congress to express disapproval of certain rules and regulations.
The purpose of this resolution is to challenge the rule proposed by the Office of the Comptroller of the Currency regarding the process for reviewing applications under the Bank Merger Act. The resolution seeks to prevent the implementation of this rule by expressing congressional disapproval.
The resolution is currently being considered by Congress and has garnered attention from both sides of the political spectrum. Supporters of the resolution argue that the rule proposed by the Office of the Comptroller of the Currency could have negative implications for the banking industry and consumers. Opponents of the resolution, on the other hand, believe that the rule is necessary for streamlining the application process under the Bank Merger Act. Overall, Bill 119 SJ Res 13 is a significant piece of legislation that highlights the ongoing debate surrounding banking regulations and the role of Congress in overseeing federal agencies.
The purpose of this resolution is to challenge the rule proposed by the Office of the Comptroller of the Currency regarding the process for reviewing applications under the Bank Merger Act. The resolution seeks to prevent the implementation of this rule by expressing congressional disapproval.
The resolution is currently being considered by Congress and has garnered attention from both sides of the political spectrum. Supporters of the resolution argue that the rule proposed by the Office of the Comptroller of the Currency could have negative implications for the banking industry and consumers. Opponents of the resolution, on the other hand, believe that the rule is necessary for streamlining the application process under the Bank Merger Act. Overall, Bill 119 SJ Res 13 is a significant piece of legislation that highlights the ongoing debate surrounding banking regulations and the role of Congress in overseeing federal agencies.
Congressional Summary of SJRES 13
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.
Read the Full Bill
Current Status of Bill SJRES 13
Bill SJRES 13 is currently in the status of Signed by President since June 20, 2025. Bill SJRES 13 was introduced during Congress 119 and was introduced to the Senate on February 4, 2025. Bill SJRES 13's most recent activity was Became Public Law No: 119-19. as of June 20, 2025
Bipartisan Support of Bill SJRES 13
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
10Democrat Cosponsors
0Republican Cosponsors
10Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill SJRES 13
Primary Policy Focus
Finance and Financial SectorAlternate Title(s) of Bill SJRES 13
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.
Comments
Goldie Cole
30,713
8 months ago
I don't know much about this whole thing, but I think it's ridiculous that they're trying to mess with the Bank Merger Act. Like, why would they even do that? It just doesn't make sense to me. #confused
Sponsors and Cosponsors of SJRES 13
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