Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Financial Stability Oversight Council related to "Guidance on Nonbank Financial Company Determinations".

Bill: 118-hjres-120
Sponsor: full_name: Rep. Hill, J. French [R-AR-2]
Introduced: 2024-03-22
Policy area: Finance and Financial Sector
Subjects: Financial crises and stabilization

Financial services and investments

Legislative rules and procedure
Latest action: action_date: 2024-12-03
text: Placed on the Union Calendar, Calendar No. 653.

Summaries:
action_date: 2024-03-22
action_desc: Introduced in House
text: <p>This joint resolution nullifies the guidance issued by the Financial Stability Oversight Council titled <em>Guidance on Nonbank Financial Company Determinations</em> and published on November 17, 2023. The guidance revises council procedures for considering whether a nonbank financial company must be supervised by the Federal Reserve and subject to enhanced prudential standards.</p><!--tinycomments|2.1|data:application/json;base64,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-->

tv_txt: IB Union Calendar No. 653 118th CONGRESS 2d Session H. J. RES. 120 [Report No. 118–790] IN THE HOUSE OF REPRESENTATIVES March 22, 2024 Mr. Hill submitted the following joint resolution; which was referred to the Committee on Financial Services December 3, 2024 Additional sponsors: Mr. Luetkemeyer , Mrs. Wagner , Mr. Barr , Mr. Huizenga , Mr. Meuser , Mr. Fitzgerald , Mr. Donalds , Mrs. Houchin , Mr. Ogles , and Mr. Williams of Texas December 3, 2024 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed JOINT RESOLUTION Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Financial Stability Oversight Council related to Guidance on Nonbank Financial Company Determinations .

That Congress disapproves the rule submitted by the Financial Stability Oversight Council related to Guidance on Nonbank Financial Company Determinations (88 Fed. Reg. 80110; published November 17, 2023), and such rule shall have no force or effect.

December 3, 2024 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed

tv_txt: IA 118th CONGRESS 2d Session H. J. RES. 120 IN THE HOUSE OF REPRESENTATIVES March 22, 2024 Mr. Hill submitted the following joint resolution; which was referred to the Committee on Financial Services JOINT RESOLUTION Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Financial Stability Oversight Council related to Guidance on Nonbank Financial Company Determinations .

That Congress disapproves the rule submitted by the Financial Stability Oversight Council related to Guidance on Nonbank Financial Company Determinations (88 Fed. Reg. 80110; published November 17, 2023), and such rule shall have no force or effect.