Overturn the Office of the Comptroller of the Currency of the Department of the Treasury rule “the review of applications under the Bank Merger Act”
S.J.Res. 13 · Finance and Financial Sector · Public Law 119-19
What it does
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.
Summary by the Congressional Research Service (Public Law), via GovInfo BILLSTATUS. Text, sponsors and history on Congress.gov. Sponsor: Sen. Kennedy, John [R-LA].
House vote
Passed 220–207 on May 20, 2025 · On Passage
Democrats 1–207, Republicans 219–0
Source: Official roll call · Voteview
Senate vote
Joint Resolution Passed 52–47 on May 7, 2025 · On the Joint Resolution
Democrats 0–45, Independents 0–2, Republicans 52–0
Source: Official roll call · Voteview
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