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.

Summary

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.

Bill status

Status
Became law
Sponsor
Sen. John Kennedy [R-LA]
Cosponsors
5
Policy area
Finance and Financial Sector
Introduced
2025-02-04
Latest action
2025-06-20: Became Public Law No: 119-19.

Committee referrals

Recent actions

  • 2025-06-20: Became Public Law No: 119-19.
  • 2025-06-20: Became Public Law No: 119-19.
  • 2025-06-20: Signed by President.
  • 2025-06-20: Signed by President.
  • 2025-06-10: Presented to President.

Votes