118th Congress · HOUSE JOINT RESOLUTIONBILL

H.J.Res. 120 — 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".

“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".”

Finance and Financial Sector

Introduced Mar 22, 2024

Last action Dec 3, 2024

Pipeline · Bill → Law

Step 1

Introduced

Mar 22, 2024

Step 2

Referred

Mar 22, 2024

Financial Services

Step 3

Committee

Apr 17, 2024

Reported out

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

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.

Provisions · 0 sections

No provisions parsed for this bill.

Timeline · 8 actions

Dec 3, 2024

Reported by the Committee on Financial Services. H. Rept. 118-790.

Dec 3, 2024

Reported by the Committee on Financial Services. H. Rept. 118-790.

Dec 3, 2024

Placed on the Union Calendar, Calendar No. 653.

Apr 17, 2024

Committee Consideration and Mark-up Session Held

Apr 17, 2024

Ordered to be Reported by the Yeas and Nays: 28 - 22.

Mar 22, 2024

Introduced in House

Mar 22, 2024

Introduced in House

Mar 22, 2024

Referred to the House Committee on Financial Services.