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.
Became lawThis 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.
Jun 20, 2025Became Public Law No: 119-19.
Passed
This joint resolution disapproves a rule by the Office of the Comptroller of the Currency regarding the review of applications under the Bank Merger Act, effectively nullifying the rule. It is a straightforward legislative action aimed at reversing a specific regulatory decision.