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US SJR111
Joint Resolution
AI Summary
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Congressional disapproval resolution under the Congressional Review Act (5 U.S.C. Chapter 8) targeting a Federal Reserve Board rule on financial institution oversight
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Nullifies the rule titled "Revisions to the Large Financial Institution Rating System and Framework for the Supervision of Insurance Organizations" published at 90 Fed. Reg. 51329 on November 17, 2025
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Introduced by Senator Warren on March 4, 2026 and referred to the Senate Committee on Banking, Housing, and Urban Affairs
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If enacted, the rule would have no force or effect, effectively blocking changes to how the Federal Reserve rates and supervises large financial institutions and insurance organizations
Legislative Description
A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Board of Governors of the Federal Reserve System relating to "Revisions to the Large Financial Institution Rating System and Framework for the Supervision of Insurance Organizations".
Last Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
3/4/2026