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: Representative Barr
Introduced
Summary
Nullifies the OCC rule on review of Bank Merger Act applications. This joint resolution would disapprove the Office of the Comptroller of the Currency rule published at 89 Fed. Reg. 78207 (Sept. 25, 2024).
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Congress could cancel bank merger review rule
This resolution would use the Congressional Review Act to cancel an Office of the Comptroller of the Currency (OCC) rule on bank merger reviews. The rule was published September 25, 2024 (89 Fed. Reg. 78207). If enacted, the OCC rule would have no force or effect. Banks and merger applicants would follow the prior review standards instead. Customers, workers, and local communities could see indirect changes in branches, fees, or service if merger reviews shift.
Sponsors & CoSponsors
Sponsor
Barr
KY • R
Cosponsors
Fitzgerald
WI • R
Sponsored 4/10/2025
Moore (NC)
NC • R
Sponsored 4/10/2025
Sessions
TX • R
Sponsored 9/19/2025
Roll Call Votes
No roll call votes available for this bill.
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