PlainBillCongress, translated.Legislation. Context. Public interest.Placed on the Union Calendar, Calendar No. 653.
Congressional Research Service
Version 00 · Introduced in House · Mar 22, 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.
People & committees
Rep. Hill, J. French [R-AR-2] · R–AR
Legislative record
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Placed on the Union Calendar, Calendar No. 653.
Reported by the Committee on Financial Services. H. Rept. 118-790.
Reported by the Committee on Financial Services. H. Rept. 118-790.
Ordered to be Reported by the Yeas and Nays: 28 - 22.
Committee Consideration and Mark-up Session Held
Referred to the House Committee on Financial Services.
Introduced in House
Introduced in House
Primary sources
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Source last updated: May 27, 2025. Consult Congress.gov for the current record.
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Analyze H.J.Res.120 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.
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