Bill > SJRes13

This joint resolution is a formal congressional action to invalidate a specific rule proposed by the Office of the Comptroller of the Currency (OCC), which is part of the U.S. Treasury Department. The resolution specifically targets the OCC's rule concerning "Business Combinations Under the Bank Merger Act" that was published in the Federal Register on September 25, 2024. By passing this resolution, Congress is exercising its legislative power to review and potentially nullify federal agency regulations under the Congressional Review Act (Chapter 8 of Title 5, United States Code). If approved, the resolution would mean that the OCC's rule would be considered void and have no legal standing, effectively preventing its implementation. This type of congressional disapproval is a mechanism that allows the legislative branch to check the regulatory actions of executive branch agencies, providing a form of oversight and balance in the federal government's rulemaking process.

Housing and Urban Affairs

https://www.congress.gov/bill/119th-congress/senate-joint-resolution/13/all-info