A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Board of Governors of the Federal Reserve System relating to "Revisions to the Large Financial Institution Rating System and Framework for the Supervision of Insurance Organizations".
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Committee
Latest Action · March 4, 2026
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
This joint resolution asks Congress to reject a Federal Reserve rule that revised how large financial institutions and insurance companies are rated and supervised. The rule, published in November 2025, would be overturned if Congress approves this resolution, meaning it would have no legal effect. The measure affects the Federal Reserve's oversight of major banks and insurance organizations that fall under the central bank's regulatory authority. No specific funding or implementation timeline is mentioned in the resolution since it simply seeks to disapprove an existing regulation rather than create new programs or spending.
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