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.
CRS summary — Public Law (2025-06-20)
| Date | Chamber | Question | Yea–Nay | Result | |
|---|---|---|---|---|---|
| 2025-05-06 | Senate | On the Motion to Proceed | 53–46 | Motion to Proceed Agreed to | |
| 2025-05-07 | Senate | On the Joint Resolution | 52–47 | Joint Resolution Passed | ⭐ Became law |
| 2025-05-20 | House | On Passage | 220–207 | Passed | ⭐ Became law |
Senate counts are senators only; a Vice President tie-breaking vote is not included (e.g. 50–50, passed).