S.J.Res. 111, Regulatory Disapproval (CRA). Quorum's AI analysis reads it as a trade-off: gains for some, costs for others.
S.J.Res. 111 · Mixed
What it does
This is a Congressional Review Act (CRA) resolution that would block a Federal Reserve rule revising how large financial institutions and insurance companies are rated and supervised. If passed, the rule would be nullified and the Fed would have to start over.
The analysis names large financial institutions subject to Fed supervision — and 2 more groups — among the beneficiaries.
The trade-off
If passed, the Fed would be barred from re-issuing the same rule without Congressional approval, potentially freezing supervisory policy for large financial institutions and insurance organizations.
Transparency scores 85%, with a medium warning level and no detached riders.
Who is behind it
Filed by Elizabeth Warren.
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