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.

Bill: 119-sjres-13
Sponsor: full_name: Sen. Kennedy, John [R-LA]
Introduced: 2025-02-04
Policy area: Finance and Financial Sector
Subjects: Administrative law and regulatory procedures

Banking and financial institutions regulation

Congressional oversight

Corporate finance and management

Department of the Treasury
Latest action: action_date: 2025-06-20
text: Became Public Law No: 119-19.

Summaries:
action_date: 2025-02-04
action_desc: Introduced in Senate
text: <p>This joint resolution nullifies the final rule issued by the Department of the Treasury’s Office of the Comptroller of the Currency titled <em>Business Combinations Under the Bank Merger Act</em> 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.</p>

action_date: 2025-06-20
action_desc: Public Law
text: <p>This joint resolution nullifies the final rule issued by the Department of the Treasury’s Office of the Comptroller of the Currency titled <em>Business Combinations Under the Bank Merger Act</em> 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.</p>

tv_txt: One Hundred Nineteenth Congress of the United States of America 1st Session Begun and held at the City of Washington on Friday, the third day of January, two thousand and twenty five S. J. RES. 13 IN THE SENATE OF THE UNITED STATES 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.

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.

Speaker of the House of Representatives Vice President of the United States and President of the Senate

tv_txt: IIA Calendar No. 69 119th CONGRESS 1st Session S. J. RES. 13 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 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.

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.

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

tv_txt: 119th CONGRESS 1st Session S. J. RES. 13 IN THE SENATE OF THE UNITED STATES 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.

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.

Passed the Senate May 7, 2025. Secretary

tv_txt: IIA 119th CONGRESS 1st Session S. J. RES. 13 IN THE SENATE OF THE UNITED STATES February 4, 2025 Mr. Kennedy (for himself, Mr. Hagerty , and Mr. Tillis ) introduced the following joint resolution; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs 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.

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.