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United States · Bill · HJRES

H.J.Res. 120 (118th)

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".

openUnited States· United States Congress· EN

Introduced

22 March 2024

Last action

Status

Placed on the Union Calendar, Calendar No. 653.

Sponsors

Subjects

Discovery layer

Source updated

27 May 2025

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.

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Documents

5 official files

Reported in House (text)

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