S.J.Res. 13 · 119th Congress · Senate
A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Office of the Comptroller of the Currency of the Department of t
Introduced 2025-02-04 · Sponsored by Sen. Kennedy, John [R-LA] (R-LA) · Last updated 2026-03-31
Last action (2025-06-20): Became Public Law No: 119-19.
Summary
Rolls back tougher bank merger review standards that had eliminated automatic approvals and streamlined application forms. The original rule was meant to give regulators more time to scrutinize proposed mergers, but Congress overturned it, restoring the faster approval process that the banking industry preferred.
The Good
Streamlines bank merger approvals to reduce delays
The OCC rule had removed automatic approvals under expedited review and discontinued streamlined application forms. Overturning it restores faster processing for bank mergers, which the banking industry argued is essential for community banks seeking to consolidate and compete with larger institutions.
Supports community bank consolidation as a survival strategy
Small and mid-size banks face rising compliance costs and competitive pressure from megabanks and fintechs. Mergers are often the only viable path for these institutions to maintain services in their communities. Slower approvals can kill deals and leave rural areas without local banking options.
The Bad
Weakens scrutiny of bank consolidation that reduces competition
The OCC rule strengthened review of mergers that could reduce banking competition in local markets. Restoring expedited approvals means mergers that eliminate consumer choices may face less analysis before being rubber-stamped.
Bank mergers often lead to branch closures and job losses
Post-merger consolidation typically involves closing overlapping branches and reducing staff. Communities that lose their local bank branch face reduced access to financial services, particularly in rural and underserved areas. The OCC rule was designed to weigh these impacts more carefully.
Vote Record
House, 2025-05-20
Passed Congress.gov — House Roll Call #137
House vote by state
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Senate, 2025-05-07
Passed Congress.gov — Senate Roll Call #237
Senate vote by state
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Senate, 2025-05-06
Passed Congress.gov — Senate Roll Call #233
Senate vote by state
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