Nullifies the final rule issued by the Department of the Treasury’s Office of the Comptroller of the Currency titled Business Combinations…
Official title: 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.
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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.
Filed in the Senate
This senate joint resolution has been filed and is working its way through Congress. It will need to pass both the Senate and the House, then be signed by the President to become law.
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Who introduced this
John Kennedy
RepublicanU.S. Senator · LA
5 cosponsors — all Republican
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