Disapproval of OCC bank merger review rule
A joint resolution 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.
Signed into law Jun 20, 2025 · Finance and Financial Sector
What this law does
- Cancels a Treasury Office of the Comptroller of the Currency rule from September 2024 on how proposed bank mergers are reviewed.
- Undoes that rule's changes, such as ending automatic approvals under fast-track review and dropping streamlined application forms.
Plain-language list by Voting On, based only on the official summary by the nonpartisan Congressional Research Service and the bill's titles. Read the official summary.
How it became law
- IntroducedFeb 4, 2025 · Senate
- 92 daysPassed SenateMay 7, 2025
- 13 daysPassed HouseMay 20, 2025
- 21 daysPresented to the PresidentJun 10, 2025
- 10 daysSigned into lawJun 20, 2025
Official summary
This joint resolution nullifies the final rule issued by the Department of the Treasury’s Office of the Comptroller of the Currency titled Business Combinations Under the Bank Merger Act and published on September 25, 2024. The rule revises procedures for reviewing applications for proposed bank mergers, such as by removing automatic approvals under an expedited review procedure and by discontinuing streamlined application forms.
Summary by the nonpartisan Congressional Research Service (Public Law, Jun 20, 2025).
Who wrote it
Sponsor: Sen. Kennedy, John [R-LA]
5 cosponsors: 5 Republicans. 2 signed on the day it was introduced, 3 joined later.
Show all cosponsors
| Cosponsor | Signed on | |
|---|---|---|
| Sen. Hagerty, Bill [R-TN] | Feb 4, 2025 | Original cosponsor |
| Sen. Tillis, Thomas [R-NC] | Feb 4, 2025 | Original cosponsor |
| Sen. Scott, Tim [R-SC] | Feb 6, 2025 | |
| Sen. Daines, Steve [R-MT] | Mar 31, 2025 | |
| Sen. Moreno, Bernie [R-OH] | Apr 29, 2025 |
Recorded votes
| Date | Chamber | Vote | Yeas | Nays |
|---|---|---|---|---|
| May 6, 2025 | Senate | Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 53 - 46. Record Vote Number: 233. | 53 | 46 |
| May 7, 2025 | Senate | Passed Senate without amendment by Yea-Nay Vote. 52 - 47. Record Vote Number: 237. | 52 | 47 |
| May 20, 2025 | House | On passage Passed by the Yeas and Nays: 220 - 207 (Roll no. 137). | 220 | 207 |
What was added
Amendments adopted (0)
No floor amendments were adopted. Any changes were made in committee or in a later version of the bill.
Sections in the final law that were not in the first version (Introduced in Senate) (0)
None. Every section heading in the final law was already in the first version (Introduced in Senate).
What was removed
Sections in the first version (Introduced in Senate) that did not make it into the law (0)
None. Every section heading from the first version (Introduced in Senate) remains in the law.
Compared by section heading between the Introduced in Senate text (Feb 4, 2025) and the Enrolled Bill text, both from GovInfo. Wording changes inside a section that kept its heading are not shown here; see the amendments and the text versions.
Proposed but not adopted
No amendments were voted down or withdrawn.
Full action history
Show all 29 official actions
| Jun 20, 2025 | Signed by President. |
| Jun 20, 2025 | Signed by President. |
| Jun 20, 2025 | Became Public Law No: 119-19. |
| Jun 20, 2025 | Became Public Law No: 119-19. |
| Jun 10, 2025 | Presented to President. |
| Jun 10, 2025 | Presented to President. |
| May 20, 2025 | Motion to reconsider laid on the table Agreed to without objection. |
| May 20, 2025 | Passed/agreed to in House: On passage Passed by the Yeas and Nays: 220 - 207 (Roll no. 137). |
| May 20, 2025 | On passage Passed by the Yeas and Nays: 220 - 207 (Roll no. 137). |
| May 20, 2025 | Considered as unfinished business. (consideration: CR H2177-2178) |
| May 20, 2025 | POSTPONED PROCEEDINGS - At the conclusion of debate on S.J. Res. 13, the Chair put the question on passage of the joint resolution and by voice vote, announced that the ayes had prevailed. Ms. Waters demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced. |
| May 20, 2025 | The previous question was ordered pursuant to the rule. |
| May 20, 2025 | DEBATE - The House proceeded with one hour of debate on S.J. Res. 13. |
| May 20, 2025 | Rule provides for consideration of S.J. Res. 13 and S.J. Res. 31. The resolution provides for consideration of S.J. Res. 13 and S.J. Res. 31 under a closed rule with one hour of general debate on each joint resolution. The resolution also provides for a motion to commit on both joint resolutions. |
| May 20, 2025 | Considered under the provisions of rule H. Res. 426. (consideration: CR H2168-2175) |
| May 19, 2025 | Rules Committee Resolution H. Res. 426 Reported to House. Rule provides for consideration of S.J. Res. 13 and S.J. Res. 31. The resolution provides for consideration of S.J. Res. 13 and S.J. Res. 31 under a closed rule with one hour of general debate on each joint resolution. The resolution also provides for a motion to commit on both joint resolutions. |
| May 9, 2025 | Held at the desk. |
| May 9, 2025 | Received in the House. |
| May 8, 2025 | Message on Senate action sent to the House. |
| May 7, 2025 | Considered by Senate. (consideration: CR S2789, S2789-2796) |
| May 7, 2025 | Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 52 - 47. Record Vote Number: 237. |
| May 7, 2025 | Passed Senate without amendment by Yea-Nay Vote. 52 - 47. Record Vote Number: 237. (text: CR S2793) |
| May 6, 2025 | Senate Committee on Banking, Housing, and Urban Affairs discharged by petition pursuant to 5 U.S.C. 802(c). |
| May 6, 2025 | Senate Committee on Banking, Housing, and Urban Affairs discharged by petition pursuant to 5 U.S.C. 802(c). |
| May 6, 2025 | Placed on Senate Legislative Calendar under General Orders. Calendar No. 69. |
| May 6, 2025 | Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 53 - 46. Record Vote Number: 233. |
| May 6, 2025 | Measure laid before Senate by motion. (consideration: CR S2769) |
| Feb 4, 2025 | Introduced in Senate |
| Feb 4, 2025 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
Sources: Congress.gov (bill record, sponsors, actions, amendments, CRS summary) and GovInfo (official text). Days are calendar days.