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 of SJRES 111 **What the Bill Does** This bill would block a recent rule change made by the Federal Reserve regarding how large financial institutions and insurance companies are rated and supervised. If passed, it would use a congressional disapproval process to overturn the Federal Reserve's new rating system and supervision framework for these large organizations. **Who It Affects** The bill primarily impacts large banks and insurance companies that are regulated by the Federal Reserve, as well as the Federal Reserve itself. Indirectly, it could affect consumers and investors, depending on how the supervision rules influence financial institution behavior and stability. **Current Status** The bill is currently in committee, meaning it has been introduced but not yet voted on by the full House or Senate.

It was sponsored by Senator Elizabeth Warren (D-MA). Without more details about the specific changes the Federal Reserve made, the public reasoning behind this disapproval, or the bill's support level, it's unclear whether it will advance further in the legislative process.