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Dossier Legislative enacted 10-apr-2025
Signed into law (or passed over a veto) — now binding federal law.

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.

Key claim: H.J.Res. 92 would disapprove under the Congressional Review Act the OCC rule on review of applications under the Bank Merger Act.

Abstract

(HJRES92 · 119th Congress) Latest action (2025-04-10): Referred to the House Committee on Financial Services.

Why this matters

Congressional Review Act resolutions like H.J.Res. 92 determine whether the OCC’s updated bank merger review framework survives or is nullified, directly shaping how quickly and under what standards bank consolidation applications are approved. For banks and their counsel, the outcome dictates whether expedited automatic approvals and streamlined forms remain available or whether the more discretionary 2024 review regime governs. The introduction signals continued congressional interest in rolling back the Biden-era rule even after a parallel Senate resolution was enacted.

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Briefing card

Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to "Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales".
Stage: enacted · congress · 10-apr-2025

Congress enacted Public Law 119-5 nullifying the IRS rule that required persons effectuating DeFi digital-asset sales to report gross proceeds as brokers.

Cross-references (0)

None recorded — doctrine links and citations appear here as scans and citation sweeps find them.

External: congress:119-hjres-25:enacted

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