hold on there's just too much going on in Congress lmao...
Stops a Federal Reserve rule about rating big financial institutions and insurers.
Ms. Warren (D), Senator from Massachusetts.
Introduced in Senate, in committee.
This joint resolution uses the Congressional Review Act to disapprove a specific rule from the Board of Governors of the Federal Reserve System. The rule, published in the Federal Register, concerns how large financial institutions are rated and how insurance organizations are supervised. Senator Warren introduced the bill, and it is currently awaiting review by the Senate Banking, Housing, and Urban Affairs Committee.
Introduced Mar 4, 2026
This joint resolution was introduced in the Senate on March 4, 2026, and referred to the Committee on Banking, Housing, and Urban Affairs. For it to become law, it must pass both the Senate and the House of Representatives, and then be signed by the President. If enacted, the Federal Reserve's rule (90 Fed. Reg. 51329) would be blocked and have no legal effect.
If this joint resolution passes and becomes law, the specific rule from the Board of Governors of the Federal Reserve System concerning "Revisions to the Large Financial Institution Rating System and Framework for the Supervision of Insurance Organizations" would be prevented from taking effect. This means that the current regulatory standards and oversight frameworks for large financial institutions and insurance companies would continue as they are, without the changes proposed by the Federal Reserve.
Supporters Say
Supporters believe the Federal Reserve's proposed rule is harmful or unnecessary and should be stopped by Congress.
Critics Say
Critics would argue the Federal Reserve's rule is necessary or beneficial and should be allowed to take effect.
Those in favor of this resolution likely believe that the Federal Reserve's specific rule would have negative consequences or goes beyond appropriate regulatory scope, thus requiring congressional intervention to block it. Opponents, conversely, would likely support the Federal Reserve's role in financial oversight and believe its proposed rule is a necessary or positive adjustment to the regulation of large financial and insurance organizations.