S.J. Res. 13 · Signed into law · 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 Office of the Comptroller of the Currency of the Department of the Treasury relating to the review of applications under the Bank Merger Act.

Sponsor: John Kennedy (R-LA)

What it does

• Nullifies the OCC's final rule on Bank Merger Act review procedures published September 25, 2024.
• Eliminates automatic approvals under expedited review for bank merger applications.
• Eliminates streamlined application forms for bank merger applications.

Official summary

This 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.

Latest action

Jun 20, 2025: Became Public Law No: 119-19.

Committee: Senate Banking, Housing, and Urban Affairs