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US SJR13
Joint Resolution
AI Summary
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Disapproves and nullifies the Office of the Comptroller of the Currency (OCC) rule titled "Business Combinations Under the Bank Merger Act" published September 25, 2024 (89 Fed. Reg. 78207)
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Uses the Congressional Review Act (chapter 8 of title 5, U.S. Code) to overturn the federal agency regulation
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The nullified rule governed how the OCC reviews and processes bank merger applications
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Upon passage, the OCC rule "shall have no force or effect"
Legislative Description
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.
Finance and financial sector
Last Action
Became Public Law No: 119-19.
6/20/2025