This joint resolution uses Congress's authority to reject federal regulations and would disapprove a rule issued by the Office of the Comptroller of the Currency regarding state laws on interest paid on escrow accounts. The rule, published in the Federal Register on May 19, 2026, would have determined that federal banking law preempts certain state laws governing how banks must handle interest earned on escrow deposits. If passed, this resolution would invalidate the rule entirely, preventing it from taking effect and allowing state interest-on-escrow laws to remain in force without federal preemption. The measure was introduced by Senator Reed and referred to the Senate Banking, Housing, and Urban Affairs Committee. This type of resolution is a congressional tool to block agency regulations the legislative branch opposes.