Press Releases

House Committee on Financial Services Chairman French Hill (AR-02) issued the following statement after President Trump signed S.J. Res. 13 into law yesterday.

“I applaud President Trump signing S.J. Res. 13 into law and reversing a Biden-era OCC rule that imposed burdensome standards on bank mergers. Small banks depend on mergers to grow, innovate, and better serve their communities. This resolution restores competition, consumer choice, and a more balanced regulatory approach.”

Further Background:

• On May 20, 2025, the House of Representatives passed S.J. Res 13, A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Office of the Comptroller of the Currency (OCC) relating to the review of applications under the Bank Merger Act.