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S.J.Res. 13 · 119th Congress

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.

Became lawEconomy

Details

Sponsor
John Kennedy (R)
Introduced
2025-02-04
Origin
Senate
Policy area
Finance and Financial Sector
Latest action
2025-06-20 — Became Public Law No: 119-19.
Public law
P.L. 119-19
Cosponsors
5

congress.gov

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.

CRS summary — Public Law (2025-06-20)

Recorded votes (3)

DateChamberQuestionYea–NayResult
2025-05-06SenateOn the Motion to Proceed53–46Motion to Proceed Agreed to
2025-05-07SenateOn the Joint Resolution52–47Joint Resolution Passed⭐ Became law
2025-05-20HouseOn Passage220–207Passed⭐ Became law

Senate counts are senators only; a Vice President tie-breaking vote is not included (e.g. 50–50, passed).