Us Congress House Bill HJR92

Us Congress 2025-2026 Regular Session

• Introduced: 4/10/25
• Refer: 4/10/25

Caption

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.

Impact

The passage of HJR92 would have significant implications for the banking industry and regulatory oversight within the financial services sector. By disapproving the OCC's rule, the bill opens the door to a potentially less regulated environment for bank mergers, signaling a shift in how such applications will be reviewed and approved. This move could lead to more bank mergers and acquisitions, potentially altering the competitive landscape in the banking sector and impacting consumer choice and service availability.

Summary

HJR92 is a joint resolution intended to disapprove a rule established by the Office of the Comptroller of the Currency (OCC) pertaining to the review of applications under the Bank Merger Act. The bill seeks to nullify the current regulatory framework that governs how bank merger applications are assessed, which was set forth in the Federal Register on September 25, 2024. If enacted, HJR92 would effectively invalidate this rule, asserting congressional authority under Chapter 8 of Title 5 of the United States Code.

Contention

Debate around HJR92 is expected to center on concerns related to regulatory oversight versus market freedom. Proponents of the bill may argue that disapproving the OCC's rule allows for more freedom in banking operations and encourages consolidation that could lead to efficiencies. However, opponents may contend that reducing regulatory scrutiny on bank mergers increases risks to the financial system and consumer protection, highlighting the need for careful oversight to prevent monopolistic behaviors and maintain a competitive market.

Congress_id

119-HJRES-92

Policy_area

Finance and Financial Sector

Introduced_date

2025-04-10