HJRES 109
118th Congress
House
Finance and Financial Sector
Administrative law and regulatory procedures
Congressional oversight
Congressional-executive branch relations
Securities and Exchange Commission (SEC)
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".
Everywhere this bill has been
33 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 11, 2024
Failed of passage in House over veto On passage, the objections of the President to the contrary notwithstanding Failed by the Yeas and Nays: (2/3 required): 228 - 184 (Roll no. 355). (text: 5/8/2024 CR H2950)
Jul 11, 2024
The Chair directed the Clerk to notify the Senate of the action of the House.
Jul 11, 2024
On motion to refer the bill and the accompanying veto message to the Committee on Financial Services. Agreed to without objection.
Jul 11, 2024
The Chair announced the unfinished business to be the consideration of the veto. (consideration: CR H4610-4611)
Jul 10, 2024
DEBATE - Pursuant to a previous order of the House of June 3, 2024, the unfinished business is the further consideration of the veto message of the President on H.J. Res. 109. The House proceeded with one hour of debate on the objections of the President to the contrary notwithstanding. (consideration: CR H4543-4547)
Jul 10, 2024
POSTPONED PROCEEDINGS - At the conclusion of debate on the veto message of the President to H.J. Res. 109, the Chair put the question on will the House, on reconsideration, pass H.J. Res. 109, the objections of the President to the contrary notwithstanding. Under the Constitution, the vote must be taken by the yeas and nays. Further proceedings were postponed until a time to be announced.
Jul 10, 2024
The previous question was ordered without objection.
Jul 10, 2024
The Chair laid before the House the veto message from the President.
Jun 3, 2024
Mr. Grothman asked unanimous consent That, further consideration of the veto message and the joint resolution, H.J. Res. 109, be postponed until the legislative day of July 10, 2024. Agreed to without objection.
Jun 3, 2024
The Chair announced that the objections of the President to H.J. Res. 109 would be spread at large upon the Journal, and the veto message would be printed as a House Document (118-145).
Jun 3, 2024
The Chair laid before the House the veto message from the President.
May 31, 2024
Vetoed by President.
May 23, 2024
Presented to President.
May 20, 2024
Message on Senate action sent to the House.
May 16, 2024
Measure laid before Senate by unanimous consent. (consideration: CR S3741-3745)
May 16, 2024
Passed Senate without amendment by Yea-Nay Vote. 60 - 38. Record Vote Number: 169.
May 16, 2024
Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 60 - 38. Record Vote Number: 169.
May 9, 2024
Received in the Senate.
May 8, 2024
Motion to reconsider laid on the table Agreed to without objection.
May 8, 2024
On passage Passed by the Yeas and Nays: 228 - 182 (Roll no. 189). (text: CR H2950)
May 8, 2024
POSTPONED PROCEEDINGS - At the conclusion of debate on H.J. Res. 109, the Chair put the question on passage of the joint resolution and by voice vote announced that the ayes had prevailed. Mr. McHenry demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
May 8, 2024
The previous question was ordered pursuant to the rule.
May 8, 2024
DEBATE - The House proceeded with one hour of debate on H.J. Res. 109.
May 8, 2024
Rule provides for consideration of H.R. 6192, H.R. 7109, H.J. Res. 109 and H.R. 2925. The resolution provides for consideration of H.R. 6192 under a structured rule and H.R. 7109, H.J. Res. 109, and H.R. 2925 under a closed rule. Rule provides for one hour of general debate on H.R. 6192, H.R. 7109, and H.J. Res. 109, and thirty minutes of general debate on H.R. 2925. One motion to recommit allowed on each bill.
May 8, 2024
Considered under the provisions of rule H. Res. 1194. (consideration: CR H2950-2963)
May 8, 2024
Considered as unfinished business. (consideration: CR H2981-2982)
May 6, 2024
Rules Committee Resolution H. Res. 1194 Reported to House. Rule provides for consideration of H.R. 6192, H.R. 7109, H.J. Res. 109 and H.R. 2925. The resolution provides for consideration of H.R. 6192 under a structured rule and H.R. 7109, H.J. Res. 109, and H.R. 2925 under a closed rule. Rule provides for one hour of general debate on H.R. 6192, H.R. 7109, and H.J. Res. 109, and thirty minutes of general debate on H.R. 2925. One motion to recommit allowed on each bill.
May 1, 2024
Placed on the Union Calendar, Calendar No. 398.
May 1, 2024
Reported by the Committee on Financial Services. H. Rept. 118-480.
Feb 29, 2024
Ordered to be Reported by the Yeas and Nays: 31 - 19.
Feb 29, 2024
Committee Consideration and Mark-up Session Held
Feb 1, 2024
Introduced in House
Feb 1, 2024
Referred to the House Committee on Financial Services.
Votes taken on this bill
2
| Date | Chamber | What was voted on | Result | Yes–No | |
|---|---|---|---|---|---|
| Jul 11, 2024 | House · vote #355 | Passage, Objections of the President To The Contrary Notwithstanding | Failed | 228–184 | See who voted → |
| May 8, 2024 | House · vote #189 | On Passage | Passed | 228–182 | See who voted → |
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Plain-English summary
This joint resolution nullifies the rule issued by the Securities and Exchange Commission on March 31, 2022, titled Staff Accounting Bulletin No. 121. This bulletin provides accounting and disclosure guidance for entities related to their obligations to safeguard cryptoassets held for users of its platform.
A letter of opinion from the Government Accountability Office dated October 31, 2023, titled Securities and Exchange Commission—Applicability of the Congressional Review Act to Staff Accounting Bulletin No. 121 concluded that this bulletin is a rule for purposes of the Congressional Review Act.
What's happening now
The Chair directed the Clerk to notify the Senate of the action of the House.
Related & companion bills
2
Bill text
5 versions
- Engrossed in House Formatted Text PDF Formatted XML
- Enrolled Bill Formatted Text PDF Formatted XML
- Introduced in House Formatted Text PDF Formatted XML
- Received in Senate Formatted Text PDF Formatted XML
- Reported in House Formatted Text PDF Formatted XML
Committees of jurisdiction
1
Cosponsors
4
Cite this page
U.S. Congress. (2026). H.J. Res. 109: 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".. 118th Congress. Open America. https://openamerica.io/bill/118-HJRES-109/
"H.J. Res. 109: 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".." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HJRES-109/.
H.J. Res. 109, 118th Cong. (2026), https://openamerica.io/bill/118-HJRES-109/.
[H.J. Res. 109: 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".](https://openamerica.io/bill/118-HJRES-109/)