House resolution to disapprove of a new banking rule regarding merger reviews
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Table of Contents
This bill is a legislative tool used by Congress to overturn a specific rule recently issued by the Office of the Comptroller of the Currency (OCC). The OCC’s rule changes how it reviews applications from banks that want to merge or acquire other financial institutions.
Why it matters: This is a procedural move used to block a change in how bank mergers are processed. Its significance depends entirely on whether Congress decides to successfully overturn the OCC’s new procedures.
Who it affects
- The Office of the Comptroller of the Currency (OCC)
This information comes from Congress.gov regarding a bill in the House; readers should consult the official text before relying on this information for legal or regulatory compliance.
Agency: House
Source: Congress.gov — read the official document