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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.
6/23/2025, 6:12 PM
Summary of Bill SJRES 13
The purpose of this resolution is to challenge the rule proposed by the Office of the Comptroller of the Currency regarding the process for reviewing applications under the Bank Merger Act. The resolution seeks to prevent the implementation of this rule by expressing congressional disapproval.
The resolution is currently being considered by Congress and has garnered attention from both sides of the political spectrum. Supporters of the resolution argue that the rule proposed by the Office of the Comptroller of the Currency could have negative implications for the banking industry and consumers. Opponents of the resolution, on the other hand, believe that the rule is necessary for streamlining the application process under the Bank Merger Act. Overall, Bill 119 SJ Res 13 is a significant piece of legislation that highlights the ongoing debate surrounding banking regulations and the role of Congress in overseeing federal agencies.
Congressional Summary of SJRES 13
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.
Read the Full Bill
Current Status of Bill SJRES 13
Bipartisan Support of Bill SJRES 13
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
10Democrat Cosponsors
0Republican Cosponsors
10Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill SJRES 13
Primary Policy Focus
Finance and Financial SectorAlternate Title(s) of Bill SJRES 13
Comments
Reece Best
7 months ago
I don't know much about this whole thing, but it sounds like a bunch of bureaucratic nonsense to me. Why should we care about some rule submitted by the Office of the Comptroller of the Currency of the Department of the Treasury? It's probably just going to benefit big banks and screw over regular folks like us. I'm all for disapproving this rule and standing up for the little guy. Did you know that this bill could potentially lead to less competition in the banking industry? #JustSayNo
Amelie Allison
7 months ago
As a Republican from CT, I am deeply saddened by this resolution. It feels like a step in the wrong direction for our banking system. I worry about how this decision will impact our economy and the stability of our financial institutions. It's disheartening to see policies like this being put into place.
Angel Ballard
7 months ago
Not sure about this bill, need more info. How will it impact us? #confused #politics
Mabel O'Donnell
7 months ago
I don't care about this bill or what it means for banks. It's all just a bunch of political nonsense that doesn't affect me anyway. Who has time to worry about this stuff? Just let them do whatever they want, it won't change anything for me. #whatever #politics #dontcare The long term affects of this bill are unclear, but it probably won't make a difference in my life.
