S.J. Res. 13, Public Law 119-19

The Office of the Comptroller of the Currency’s September 25, 2024 rule has no legal force and cannot govern bank merger or other business combination reviews.

What the law does ​

• Disapproves the Office of the Comptroller of the Currency’s rule under the Bank Merger Act.
• Bars the rule from taking effect or being enforced.

Who it affects ​

• Banks seeking approval for mergers or other business combinations.
• The Office of the Comptroller of the Currency, which reviews covered applications.

Context ​

The joint resolution was approved on June 20, 2025.

Breakdown ​

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. ​

This joint resolution overturns an Office of the Comptroller of the Currency rule concerning how applications for bank mergers and other business combinations are reviewed. The rule has no force or effect.

Key takeaways

• Congress disapproves the Office of the Comptroller of the Currency’s rule on business combinations under the Bank Merger Act.
• The disapproved rule was issued on September 25, 2024.
• The rule cannot take effect or be enforced.
• The joint resolution was approved on June 20, 2025.