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.

Summary

This joint resolution uses the Congressional Review Act to overturn a rule issued by the Office of the Comptroller of the Currency (OCC) regarding how bank merger applications are reviewed. The OCC rule, published in September 2024, established new standards and procedures for evaluating business combinations under the Bank Merger Act. By passing this resolution, Congress is exercising its authority to disapprove agency regulations. If enacted, the OCC rule titled 'Business Combinations Under the Bank Merger Act' would have no legal force or effect, and the previous regulatory framework for reviewing bank mergers would remain in place. This represents a legislative check on executive branch rulemaking authority in the area of banking regulation.

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