A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Board of Governors of the Federal Reserve System relating to "Revisions to the Large Financial Institution Rating System and Framework for the Supervision of Insurance Organizations".
This joint resolution proposes to disapprove a rule submitted by the Department of the Treasury, specifically targeting "Revisions to the Large Financial Institution Rating System and Framework for the Supervision of Insurance Organizations." The resolution invokes the authority granted under Chapter 8 of title 5, United States Code , which allows Congress to review and reject agency rules. By exercising this congressional disapproval, the resolution intends to prevent the specified rule, published in the Federal Register on November 17, 2025, from becoming effective. If passed by Congress and signed into law, the rule would be rendered null and void, ensuring it has no legal force or effect and cannot be implemented by the Treasury.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Finance and Financial Sector
A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Board of Governors of the Federal Reserve System relating to "Revisions to the Large Financial Institution Rating System and Framework for the Supervision of Insurance Organizations".
USA119th CongressSJRES-111| Senate
| Updated: 3/4/2026
This joint resolution proposes to disapprove a rule submitted by the Department of the Treasury, specifically targeting "Revisions to the Large Financial Institution Rating System and Framework for the Supervision of Insurance Organizations." The resolution invokes the authority granted under Chapter 8 of title 5, United States Code , which allows Congress to review and reject agency rules. By exercising this congressional disapproval, the resolution intends to prevent the specified rule, published in the Federal Register on November 17, 2025, from becoming effective. If passed by Congress and signed into law, the rule would be rendered null and void, ensuring it has no legal force or effect and cannot be implemented by the Treasury.