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[Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [S.J. Res. 59 Introduced in Senate (IS)]
118th CONGRESS 2d Session S. J. RES. 59
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to "Staff Accounting Bulletin No. 121".
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IN THE SENATE OF THE UNITED STATES
February 1, 2024
Ms. Lummis introduced the following joint resolution; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs
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JOINT RESOLUTION
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to "Staff Accounting Bulletin No. 121".
Resolved by the Senate and House of Representatives of the United States of America in Congress assembled, That Congress disapproves the rule submitted by the Securities and Exchange Commission relating to "Staff Accounting Bulletin No. 121" (87 Fed. Reg. 21015 (April 11, 2022) and a letter of opinion from the Government Accountability Office dated October 31, 2023 (which was printed in the Congressional Record on November 1, 2023, on pages S5310-5312), concluding that such Staff Accounting Bulletin is a rule under chapter 8 of title 5, United States Code), and such rule shall have no force or effect.