Signed into law
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.
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.
- Measure
- S.J.Res. 13 · 119th Congress
- Latest action
- June 20, 2025
- Policy changes
- 1
- Source
- CRS summary (Public Law) · Congress.gov
Became Public Law No: 119-19.
Who wrote it
Sponsor
Sen. John Kennedy (R-LA)Joined by 5 cosponsors, 2 of them from the day it was introduced. Introduced February 4, 2025.
All 5 cosponsors
- Sen. Bill Hagerty (R-TN) · original
- Sen. Thom Tillis (R-NC) · original
- Sen. Tim Scott (R-SC)
- Sen. Steve Daines (R-MT)
- Sen. Bernie Moreno (R-OH)
How Congress voted
Senate · May 7, 2025
Passed Senate without amendment by Yea-Nay Vote. 52 - 47. Record Vote Number: 237.
52 yea · 47 nay · 1 other · Republicans 52–0 · Democrats 0–45 · Independents 0–2 · Official record
House · May 20, 2025
On passage Passed by the Yeas and Nays: 220 - 207 (Roll no. 137).
220 yea · 207 nay · 6 other · Republicans 219–0 · Democrats 1–207 · Official record
Your delegation
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In their own words
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What it changes — and your vote
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Provision 1
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.
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