Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to "Form N-PORT and Form N-CEN Reporting; Guidance on Open-End Fund Liquidity Risk Management Programs".
This joint resolution seeks to exercise congressional authority under chapter 8 of title 5, United States Code, to disapprove a specific rule issued by the Securities and Exchange Commission. The rule in question is titled "Form N-PORT and Form N-CEN Reporting; Guidance on Open-End Fund Liquidity Risk Management Programs" and was published in the Federal Register on September 11, 2024. By passing this resolution, Congress intends to prevent the aforementioned SEC rule from taking effect. If approved by both chambers and signed into law, the resolution would declare that the rule shall have no force or effect , thereby overturning the regulatory action taken by the SEC.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Introduced in House
Referred to the House Committee on Financial Services.
Finance and Financial Sector
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to "Form N-PORT and Form N-CEN Reporting; Guidance on Open-End Fund Liquidity Risk Management Programs".
USA119th CongressHJRES-53| House
| Updated: 2/12/2025
This joint resolution seeks to exercise congressional authority under chapter 8 of title 5, United States Code, to disapprove a specific rule issued by the Securities and Exchange Commission. The rule in question is titled "Form N-PORT and Form N-CEN Reporting; Guidance on Open-End Fund Liquidity Risk Management Programs" and was published in the Federal Register on September 11, 2024. By passing this resolution, Congress intends to prevent the aforementioned SEC rule from taking effect. If approved by both chambers and signed into law, the resolution would declare that the rule shall have no force or effect , thereby overturning the regulatory action taken by the SEC.