Congress stops a Treasury rule about bank mergers.
S.J.Res. 13 — 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. · Filed by John Kennedy (R-LA) · 5 cosponsors · Introduced Feb 4, 2025 · Signed
Your members of Congress
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What it does
Congress used a fast-track process to cancel a rule. The rule was issued in September 2024. It changed how the Office of the Comptroller of the Currency reviews mergers. The cancellation restores the old way of reviewing mergers. The bill was signed into law.
Who it affects
Banks that want to merge are affected. Consumers and companies that use banks may be affected. The effect depends on whether the old rule or new rule makes mergers easier to approve.
One thing to notice
The bill text does not explain what the September 2024 rule changed. People cannot tell whether canceling it helps or harms them.
From the analysis of the bill text, linked under Primary records below.
Where it stands
5 cosponsors: 5 Republicans.
- Feb 4, 2025 — Introduced · Congress.gov: “Introduced in Senate”
- Feb 4, 2025 — Referred to Senate Committee on Banking, Housing, and Urban Affairs · Congress.gov: “Read twice and referred to the Committee on Banking, Housing, and Urban Affairs”
- May 6, 2025 — Reported out of committee · Congress.gov: “Senate Committee on Banking, Housing, and Urban Affairs discharged by petition pursuant to 5 U.S.C. 802(c)”
- May 7, 2025 — Passed the Senate · Congress.gov: “Passed Senate without amendment by Yea-Nay Vote. 52 - 47. Record Vote Number: 237. (text: CR S2793)”
- May 20, 2025 — Passed both chambers · Congress.gov: “On passage Passed by the Yeas and Nays: 220 - 207 (Roll no. 137)”
- Jun 10, 2025 — Sent to president · Congress.gov: “Presented to President”
- Jun 20, 2025 — Signed into law · Congress.gov: “Became Public Law No: 119-19”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (1,319 characters) on May 19, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 14,342 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
As of — page rendered 2026-09-18.
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