House fast-tracks rollback of bank merger oversight and EPA pollution rules
H.Res. 426 — Providing for consideration of the joint resolution (S.J. Res. 13) 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; providing for consideration of the joint resolution (S.J. Res. 31) providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Environmental Protection Agency relating to "Review of Final Rule Reclassification of Major Sources as Area Sources Under Section 112 of the Clean Air Act"; and waiving a requirement of clause 6(a) of rule XIII with respect to consideration of certain resolutions reported from the Committee on Rules. · Filed by Nicholas Langworthy (R-NY) · Introduced May 19, 2025 · Passed chamber
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What it does
This is a procedural resolution that allows the House to vote on two Congressional Review Act (CRA) disapproval resolutions: one to block a Treasury rule tightening bank merger review, and another to block an EPA rule reclassifying major pollution sources as area sources under the Clean Air Act. The resolution sets debate time limits and waives procedural objections to speed consideration of both measures.
Why we flagged it
This resolution is a procedural vehicle designed to fast-track two deregulatory CRA disapprovals—one benefiting financial consolidation, the other weakening environmental enforcement. The resolution itself contains no substantive policy; it exists solely to expedite votes that would roll back regulatory constraints on two industries.
What the text implies
- Blocking the OCC bank merger rule removes a key regulatory gate on financial consolidation, potentially enabling larger mergers that reduce consumer choice and increase systemic financial risk.
- The EPA reclassification rule, if disapproved, allows major industrial sources (refineries, power plants, chemical facilities) to avoid stricter emissions standards under Section 112 of the Clean Air Act, weakening air-quality enforcement in communities near these facilities.
The full analysis lists 3 implications of this text.
Who stands to gain
large financial institutions (banks, insurance companies, asset managers); industrial polluters (refineries, power plants, chemical manufacturers); companies seeking to avoid stricter emissions compliance costs