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".
USA118th CongressHJRES-120| House
| Updated: 12/3/2024
J. French Hill
Republican Representative
Arkansas
Cosponsors (10)
Financial Services Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Ordered to be Reported by the Yeas and Nays: 28 - 22.
Committee Consideration and Mark-up Session Held
Placed on the Union Calendar, Calendar No. 653.
Reported by the Committee on Financial Services. H. Rept. 118-790.
Finance and Financial Sector
Financial crises and stabilizationFinancial services and investmentsLegislative rules and procedure
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".
USA118th CongressHJRES-120| House
| Updated: 12/3/2024
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.
Suggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Ordered to be Reported by the Yeas and Nays: 28 - 22.
Committee Consideration and Mark-up Session Held
Placed on the Union Calendar, Calendar No. 653.
Reported by the Committee on Financial Services. H. Rept. 118-790.
J. French Hill
Republican Representative
Arkansas
Cosponsors (10)
Financial Services Committee
Finance and Financial Sector
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Financial crises and stabilizationFinancial services and investmentsLegislative rules and procedure