CONGRESS FOR VOTERS

DemocratBill · S.J.Res. 111· Senate(119-SJRES-111)

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".

Rep. Warren
Age: 77 years
Massachusetts
Introduced
3/4/2026
Last activity
3/4/2026 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsored by
Elizabeth Warren
Cosponsors
None
Finance and Financial Sector
  1. Introduced
  2. In Committee

What this bill would do

This joint resolution aims to disapprove a specific rule submitted by the Board of Governors of the Federal Reserve System. The rule concerns "Revisions to the Large Financial Institution Rating System and Framework for the Supervision of Insurance Organizations." If passed, the resolution would ensure that the rule has no force or effect. The resolution was introduced by Ms. Warren in the Senate.

Yes

  • Would business owners be better off under this?+5

    The reversal of insurance organization supervision may reduce regulatory burdens on financial institutions.

  • Does this give people more protection from unfair business practices?+5

    The resolution prevents new regulatory frameworks for large financial institutions, which could impact consumer protection standards.

The opposite

  • Does this give the federal government more power?-5

    The resolution seeks to limit the regulatory power of the Federal Reserve by nullifying its proposed rule.