H.J.Res. 109 passed both chambers and was vetoed on May 31, 2024
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to "Staff Accounting Bulletin No. 121".
Written by the Congressional Research Service [2]. 89 words.
This joint resolution nullifies the rule issued by the Securities and Exchange Commission on March 31, 2022, titled Staff Accounting Bulletin No. 121 . This bulletin provides accounting and disclosure guidance for entities related to their obligations to safeguard cryptoassets held for users of its platform. A letter of opinion from the Government Accountability Office dated October 31, 2023, titled Securities and Exchange Commission—Applicability of the Congressional Review Act to Staff Accounting Bulletin No. 121 concluded that this bulletin is a rule for purposes of the Congressional Review Act.
- Committees
- House Financial Services Committee
- Policy area
- Finance and Financial Sector: 53 of 3,256 bills became law, 113th–118th (1.6%)
- Sponsor
- 0 of 44 bills enacted since 2013
- Text versions
- 5, from enrolled bill to received in senate · 81 words
- Subjects
- Administrative law and regulatory proceduresCongressional oversightCongressional-executive branch relationsSecurities and Exchange Commission (SEC)
- Latest action
- Jul 11, 2024: The Chair directed the Clerk to notify the Senate of the action of the House.
- Records
- Congress.gov · Bill text
Each bill appears once, under its strongest link. 2 in all.
Identical or companion · 1
- 118th S.J.Res. 59 A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Secu R · Introduced
Procedural (rules, motions) · 1
- 118th H.Res. 1194 Providing for consideration of the bill (H.R. 6192) to amend the Energy Policy and Conservation Act to prohibit the Secretary of Energy from R · Agreed to