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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.
House floor actionsConsidered under the provisions of rule H. Res. 426. (consideration: CR H2168-2175)
Floor Vote
House floor actionsRules Committee Resolution H. Res. 426 Reported to House. Rule provides for consideration of S.J. Res. 13 and S.J. Res. 31. The resolution provides for consideration of S.J. Res. 13 and S.J. Res. 31 under a closed rule with one hour of general debate on each joint resolution. The resolution also provides for a motion to commit on both joint resolutions.
House floor actionsReceived in the House.
SenateMessage on Senate action sent to the House.
SenateConsidered by Senate. (consideration: CR S2789, S2789-2796)
Library of CongressPassed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 52 - 47. Record Vote Number: 237.
SenateSenate Committee on Banking, Housing, and Urban Affairs discharged by petition pursuant to 5 U.S.C. 802(c).
Library of CongressIntroduced in Senate
SenateRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced
Committee
Comments
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What Congress Said
Members who spoke about this bill on the floor, in their own words from the Congressional Record.
Republicans9 spoke
I rise in support of this joint resolution of disapproval that would nullify the Office of the Comptroller of the Currency's final rule that makes it more difficult for banks to merge and merge in a healthy way. That is why I introduced the House companion, H.J. Res. 92.
As I have said before--and I want to make this really clear--I don't hate anyone. I don't. I look for grace wherever I can find it, and when I say my prayers, one of the things I ask my Maker for is, ``Please, God, don't let me hate,'' because sometimes it is hard here in Washington.
Not only do I trust Miki's professional experience, but I have come to know her as an independent, forthright, intelligent, quality individual with a demonstrated record of service to her State and Nation. Miki will make an excellent Federal Reserve Vice Chair for Supervision.
I rise today in support of S.J. Res. 13 to overturn a Biden-era rule that threatens competition, undermines community banks, and diminishes consumer choice.
Second, who is getting the big tax cuts in this resolution? It is seniors, Social Security, people who earn tips, and people who work overtime. Those are the hardworking Americans who have supported the President and want to push this resolution forward so that we all enjoy economic success.
Now, let me ask: If this bill is so great, so big, and so beautiful as Donald Trump says it is, then why the hell are we debating it in the middle of the night?
I rise to express my opposition to S.J. Res. 13, a Congressional Review Act resolution that would rescind a rule the Office of the Comptroller of the Currency has put forth to improve their bank merger application review procedures.
I rise today to urge my colleagues to vote no on S.J. Res. 13. President Trump promised that he would lower costs for American families on day one. He promised to cap interest rates on credit cards at 10 percent, and so what is it that the Senate is prioritizing today?
Late Sunday night, the House Budget Committee, on which I serve as ranking member, passed out, with only Republican votes, a draconian tax bill that cuts almost 14 million Americans off their healthcare and ensures a few million more lose their food assistance.
I was necessarily absent and missed one vote on the House Floor during the 5 p.m. vote series today. Had I been present, I would have voted NAY on Roll Call No. 137.
Comments
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