Congress moves to weaken capital rules for megabanks
S.J.Res. 110 — A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of the Treasury relating to "Regulatory Capital Rule: Modifications to the Enhanced Supplementary Leverage Ratio Standards for U.S. Global Systemically Important Bank Holding Companies and Their Subsidiary Depository Institutions; Total Loss-Absorbing Capacity and Long-Term Debt Requirements for U.S. Global Systemically Important Bank Holding Companies". · Filed by Elizabeth Warren (D-MA) · Introduced Mar 4, 2026 · Referred to committee
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What it does
This resolution disapproves a Treasury Department rule that would modify capital and debt requirements for the largest U.S. banks. If passed, the rule would be nullified and have no legal effect. The resolution was introduced by Senator Warren and would block stricter financial safeguards for systemically important banks.
Why we flagged it
This is a Congressional Review Act (CRA) disapproval resolution targeting a post-2024 Treasury rule that would strengthen capital and leverage standards for systemically important banks. The mechanism is straightforward deregulation: voiding a rule that would impose stricter financial safeguards on megabanks.
What the text implies
- Disapproving this rule may trigger CRA's 'same rule' prohibition, preventing Treasury from issuing a substantially similar rule without new congressional authorization—effectively locking in weaker standards for the duration of this Congress.
- The rule targeted 'enhanced supplementary leverage ratio' (eSLR) standards; disapproval reverts to pre-2025 eSLR levels, reducing the equity cushion megabanks must hold against total assets, increasing leverage risk.
The full analysis lists 4 implications of this text.
Who stands to gain
U.S. global systemically important bank holding companies (JPMorgan Chase, Bank of America, Citigrou; Their subsidiary depository institutions