Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to Rules for Supervisory Approval of Penalties.

Bill 119 hjres 65 is a piece of legislation that aims to provide congressional disapproval of a rule submitted by the Internal Revenue Service (IRS) regarding Rules for Supervisory Approval of Penalties. The bill falls under chapter 8 of title 5 of the United States Code, which governs the process for congressional review and disapproval of agency rules.

The rule in question pertains to the IRS's procedures for imposing penalties on taxpayers, specifically the requirement for supervisory approval before penalties can be assessed. The bill seeks to challenge and overturn this rule through the congressional disapproval process outlined in chapter 8 of title 5.

If passed, Bill 119 hjres 65 would effectively nullify the IRS rule and prevent it from being implemented. This would require the IRS to revise its procedures for imposing penalties and seek congressional approval for any future rule changes in this area. Overall, the bill represents a congressional effort to assert oversight and control over agency rulemaking, particularly in the realm of tax enforcement. It reflects ongoing debates and concerns about the balance of power between Congress and federal agencies in the regulatory process.