IB Union Calendar No. 398 118THCONGRESS 2 DSESSION H. J. RES. 109 [Report No. 118–480] Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to ‘‘Staff Accounting Bulletin No. 121’’. IN THE HOUSE OF REPRESENTATIVES FEBRUARY1, 2024 Mr. F LOOD(for himself and Mr. NICKEL) submitted the following joint resolution; which was referred to the Committee on Financial Services M AY1, 2024 Additional sponsors: Mr. E MMER, Mr. SOTO, and Mr. HILL M AY1, 2024 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed JOINT RESOLUTION Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to ‘‘Staff Accounting Bulletin No. 121’’. Resolved by the Senate and House of Representatives1 of the United States of America in Congress assembled, 2 VerDate Sep 11 2014 21:17 May 01, 2024 Jkt 049200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\HJ109.RH HJ109 kjohnson on DSK7ZCZBW3PROD with $$_JOB 2 •HJ 109 RH That Congress disapproves the rule submitted by the Se-1 curities and Exchange Commission relating to ‘‘Staff Ac-2 counting Bulletin No. 121’’ (87 Fed. Reg. 21015 (April 3 11, 2022) and a letter of opinion from the Government 4 Accountability Office dated October 31, 2023 (which was 5 printed in the Congressional Record on November 1, 6 2023, on pages S5310–5312), concluding that such Staff 7 Accounting Bulletin is a rule under chapter 8 of title 5, 8 United States Code), and such rule shall have no force 9 or effect. 10 VerDate Sep 11 2014 21:17 May 01, 2024 Jkt 049200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\HJ109.RH HJ109 kjohnson on DSK7ZCZBW3PROD with $$_JOB VerDate Sep 11 2014 21:17 May 01, 2024 Jkt 049200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\HJ109.RH HJ109 kjohnson on DSK7ZCZBW3PROD with $$_JOB Union Calendar No. 398 118 TH CONGRESS 2 D S ESSION H. J. RES. 109 [Report No. 118–480] JOINT RESOLUTION Providing for congressional disapproval under chap- ter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Com- mission relating to ‘‘Staff Accounting Bulletin No. 121’’. M AY 1, 2024 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed VerDate Sep 11 2014 21:17 May 01, 2024 Jkt 049200 PO 00000 Frm 00004 Fmt 6651 Sfmt 6651 E:\BILLS\HJ109.RH HJ109 kjohnson on DSK7ZCZBW3PROD with $$_JOB