Bill > HJRes185

This Joint Resolution, passed by Congress, formally disapproves of a new rule proposed by the Securities and Exchange Commission (SEC), an independent federal agency responsible for regulating the securities industry. The rule in question, known as "Regulation S-P: Privacy of Consumer Financial Information and Safeguarding Customer Information," was published in the Federal Register, the official journal of the U.S. government, on June 3, 2024. By disapproving this rule, Congress is preventing it from taking effect and having any legal authority. This action is taken under Chapter 8 of Title 5 of the United States Code, which outlines the process for Congress to review and potentially overturn regulations issued by federal agencies.