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HJRES 120 118th Congress House Finance and Financial Sector Financial crises and stabilization Financial services and investments Legislative rules and procedure

Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Financial Stability Oversight Council related to "Guidance on Nonbank Financial Company Determinations".

Introduced: March 22, 2024 Introduced by: Hill, J. French Republican · Arkansas See on congress.gov
 Everywhere this bill has been 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 3, 2024
Placed on the Union Calendar, Calendar No. 653.
Dec 3, 2024
Reported by the Committee on Financial Services. H. Rept. 118-790.
Apr 17, 2024
Ordered to be Reported by the Yeas and Nays: 28 - 22.
Apr 17, 2024
Committee Consideration and Mark-up Session Held
Mar 22, 2024
Referred to the House Committee on Financial Services.
Mar 22, 2024
Introduced in House
 Plain-English summary Congressional Research Service

This joint resolution nullifies the guidance issued by the Financial Stability Oversight Council titled Guidance on Nonbank Financial Company Determinations and published on November 17, 2023. The guidance revises council procedures for considering whether a nonbank financial company must be supervised by the Federal Reserve and subject to enhanced prudential standards.

What's happening now December 3, 2024

Placed on the Union Calendar, Calendar No. 653.

 Committees of jurisdiction 1