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119th Congress · Senate

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.

Subjects: Administrative law and regulatory procedures · Banking and financial institutions regulation · Congressional oversight · Corporate finance and management · Department of the Treasury · Finance and Financial Sector

In plain language

  • Senate joint resolution in the 119th Congress.
  • Nullifies the final rule issued by the Department of the Treasury’s Office of the Comptroller of the Currency.
  • Senate passed it on May 7, 2025 (substantive).
Official summary (Congressional Research Service)

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.

View this measure on congress.gov

Roll-call votes on this measure