All Roll Calls
Yes: 325 • No: 300
119-sjres-13119th CongressWALLET
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.
Sponsored By: Senator Kennedy, John [R-LA]
Became Law
Summary
Nullifies an OCC rule on business combinations under the Bank Merger Act. This law removes the Office of the Comptroller of the Currency's regulation on how business combinations are reviewed, so that the rule cannot govern or influence the Bank Merger Act review process.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Bank merger review rule canceled
This law cancels the OCC rule on bank mergers published at 89 Fed. Reg. 78207 on September 25, 2024. That rule now has no force or effect. The OCC cannot use that rule when reviewing merger applications. Merger reviews continue under the Bank Merger Act without this rule. The law adds no new funding, fees, or phase-in steps.
Sponsors & CoSponsors
Sponsor
Kennedy, John [R-LA]
LA • R
Cosponsors
Sen. Hagerty, Bill [R-TN]
TN • R
Sponsored 2/4/2025
Sen. Tillis, Thomas [R-NC]
NC • R
Sponsored 2/4/2025
Sen. Scott, Tim [R-SC]
SC • R
Sponsored 2/6/2025
Sen. Daines, Steve [R-MT]
MT • R
Sponsored 3/31/2025
Sen. Moreno, Bernie [R-OH]
OH • R
Sponsored 4/29/2025
Roll Call Votes
house vote • 5/20/2025
On Passage
Yes: 220 • No: 207
senate vote • 5/7/2025
On the Joint Resolution S.J.Res. 13
Yes: 52 • No: 47
senate vote • 5/6/2025
On the Motion to Proceed S.J.Res. 13
Yes: 53 • No: 46