A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of the Treasury relating to "Regulatory Capital Rule: Modifications to the Enhanced Supplementary Leverage Ratio Standards for U.S. Global Systemically Important Bank Holding Companies and Their Subsidiary Depository Institutions; Total Loss-Absorbing Capacity and Long-Term Debt Requirements for U.S. Global Systemically Important Bank Holding Companies".

# Summary of SJRES 110 **What the Bill Would Do:** This resolution would block a Treasury Department rule that modifies capital requirements for the largest U.S. banks. Specifically, it would reject changes to the "Enhanced Supplementary Leverage Ratio" and debt requirements for systemically important banks—those considered so large that their failure could threaten the entire financial system.

If passed, the rule would be disapproved and not take effect. **Who It Affects:** The rule primarily affects the nation's largest banks (such as JPMorgan Chase, Bank of America, and Citigroup) and their holding companies. Supporters of the disapproval argue it protects taxpayers and financial stability; opponents argue the modified requirements are still sufficiently strict and reduce unnecessary regulatory burden on major financial institutions. **Current Status:** The bill, sponsored by Senator Elizabeth Warren (D-MA), is currently in committee and has not yet been brought for a full vote in either chamber of Congress. This type of resolution, known as a "Congressional Review Act" measure, allows Congress to overturn executive agency rules with a simple majority vote if passed.