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.
It became law on Jun 20, 2025.
- Stage
- Became law
- Started in
- Senate
- Sponsors
- +2
- Latest action
- Jun 20, 2025
Where it stands
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
What it does
This joint resolution nullifies the final rule issued by the Department of the Treasury’s Office of the Comptroller of the Currency titled Business Combinations Under the Bank Merger Act and published on September 25, 2024. The rule revises procedures for reviewing applications for proposed bank mergers, such as by removing automatic approvals under an expedited review procedure and by discontinuing streamlined application forms.
Official summary · Public Law · Jun 20, 2025
Titles and provisions can change as the bill moves.
Where it goes next
Law. Agencies now write the rules that carry it out, and courts can stay or strike it.
Looking this up…
What moved
Who is involved
- Sen. Kennedy, John [R-LA]Lead sponsor
- Sen. Daines, Steve [R-MT]Co-sponsor
- Sen. Hagerty, Bill [R-TN]Co-sponsor
- Sen. Moreno, Bernie [R-OH]Co-sponsor
- Sen. Scott, Tim [R-SC]Co-sponsor
- Sen. Tillis, Thomas [R-NC]Co-sponsor
Sponsors
The lawmakers who put their names on it, lead sponsors first.
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