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Bill > SJRes59
US SJRes59
US SJRes59A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to "Staff Accounting Bulletin No. 121".
summary
Introduced
02/01/2024
02/01/2024
In Committee
02/01/2024
02/01/2024
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to "Staff Accounting Bulletin No. 121".
AI Summary
This Joint Resolution formally expresses Congress's disapproval of a specific rule issued by the Securities and Exchange Commission (SEC), known as Staff Accounting Bulletin No. 121 (SAB 121). The resolution uses a process outlined in Chapter 8 of Title 5 of the United States Code, which allows Congress to overturn certain regulations issued by federal agencies. The SEC's SAB 121, which was published in the Federal Register and later deemed a "rule" by the Government Accountability Office (GAO), has been the subject of debate, and this resolution aims to nullify its effects, meaning it will no longer be in force.
Committee Categories
Housing and Urban Affairs
Sponsors (15)
Cynthia Lummis (R)*,
John Barrasso (R),
Marsha Blackburn (R),
John Boozman (R),
Mike Braun (R),
Ted Budd (R),
Kevin Cramer (R),
Ted Cruz (R),
Steve Daines (R),
Bill Hagerty (R),
Roger Marshall (R),
Pete Ricketts (R),
Mike Rounds (R),
Tommy Tuberville (R),
J.D. Vance (R),
Last Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 02/01/2024)
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| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/senate-joint-resolution/59/all-info |
| BillText | https://www.congress.gov/118/bills/sjres59/BILLS-118sjres59is.pdf |
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