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.
Sponsored by John Kennedy
Became Public Law No: 119-19.
Jun 20, 2025
This joint resolution nullifies a final rule issued by the Department of the Treasury's Office of the Comptroller of the Currency on September 25, 2024, concerning the Bank Merger Act. The rule being nullified had revised procedures for reviewing bank merger applications by removing automatic approvals that previously occurred under an expedited review procedure and by discontinuing the use of streamlined application forms for such reviews.
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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.