Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Financial Stability Oversight Council related to "Guidance on Nonbank Financial Company Determinations".

United States118th CongressHJRES-120House of Representatives
Updated: Dec 3, 2024

Summary

This joint resolution nullifies the guidance issued by the Financial Stability Oversight Council titled Guidance on Nonbank Financial Company Determinations and published on November 17, 2023. The guidance revises council procedures for considering whether a nonbank financial company must be supervised by the Federal Reserve and subject to enhanced prudential standards.

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Timeline

  1. Committee Consideration and Mark-up Session Held

    House of Representatives

  2. Ordered to be Reported by the Yeas and Nays: 28 - 22.

    House of Representatives

  3. Reported by the Committee on Financial Services. H. Rept. 118-790.

    House of Representatives

  4. Placed on the Union Calendar, Calendar No. 653.

    House of Representatives