US Federal Senate Bill SJR111

US Federal 2025-2026 Regular Session

• Introduced: 3/4/26
• Refer: 3/4/26

Caption

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".

Summary

SJR111 is a congressional disapproval resolution under the Congressional Review Act. It would nullify a Federal Reserve rule titled “Revisions to the Large Financial Institution Rating System and Framework for the Supervision of Insurance Organizations,” published in the Federal Register on November 17, 2025. If enacted, the resolution would state that the rule has no force or effect. The measure does not itself create a new regulatory framework; instead, it seeks to overturn an existing federal banking and insurance-supervision rule. The targeted rule appears to affect how the Federal Reserve rates large financial institutions and how it supervises insurance organizations, so the practical effect would be to preserve the prior supervisory regime and prevent the revised standards from taking effect.

Impact

Because this is a joint resolution of disapproval, its legal effect would be to invalidate the referenced Federal Reserve rule under chapter 8 of title 5, U.S. Code, if enacted. That would affect federal banking regulation and supervision of large financial institutions and insurance organizations, but it would not directly amend state statutes. The bill’s impact would be on regulated financial firms, insurers, and the federal agencies overseeing them, especially the Federal Reserve and potentially other prudential regulators.

Sentiment

No committee transcript or vote record is provided, so there is no direct evidence of debate or bipartisan support in the available materials. Based on the bill’s form and sponsor, the resolution appears to reflect opposition to the Federal Reserve’s revised supervisory approach and a desire to block the rule from taking effect. The available record is limited to introduction and referral to committee.

Contention

The likely point of contention is the underlying Federal Reserve rule itself: supporters of the resolution would view the revisions as an overreach or an undesirable change to supervision of large banks and insurance organizations, while opponents would likely argue that the rule improves oversight and risk management. Another possible point of dispute is the use of the Congressional Review Act to overturn agency rulemaking, which can be seen either as an appropriate check on regulators or as a political intrusion into financial supervision.