H.J.Res. 109
IntroducedProviding 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".
Latest Action
The Chair directed the Clerk to notify the Senate of the action of the House.
7/11/2024 • House
Summary
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.
Passed Senate • 5/16/2024
Topics & Subjects
Congressional Votes (3)
Passage, Objections of the President To The Contrary Notwithstanding
July 11, 2024
On the Joint Resolution
May 16, 2024
On Passage
May 8, 2024
Related Federal Spending
Sponsor & Cosponsors (5)
Party Breakdown
Sponsor
Cosponsors (4)
Bill Journey
Originated in the House
Introduced
February 1, 2024
Committee Review
February 29, 2024
Floor Debate
May 8, 2024
Passed Chamber
May 8, 2024
Other Chamber
May 9, 2024
President
May 23, 2024
Vetoed
May 31, 2024
Text Versions (5)
Committee Reports (1)
Related Bills (2)
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 prescribing any new or amended energy conservation standard for a product that is not technologically feasible and economically justified, and for other purposes; providing for consideration of the bill (H.R. 7109) to require a citizenship question on the decennial census, to require reporting on certain census statistics, and to modify apportionment of Representatives to be based on United States citizens instead of all persons; providing for consideration of the joint resolution (H.J. Res. 109) 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"; and providing for consideration of the bill (H.R. 2925) to amend the Omnibus Budget Reconciliation Act of 1993 to provide for security of tenure for use of mining claims for ancillary activities, and for other purposes.
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 Securities and Exchange Commission relating to "Staff Accounting Bulletin No. 121".