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Congress·In Committee·S.J.Res. 110

Senator Warren Introduces Resolution to Block Treasury Rule Easing Capital Standards for Largest U.S. Banks

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".

23 days ago·View on Congress.gov·Read full text
Part of: Senator Warren Challenges New Federal Financial Oversight Rules

Legislative Progress

Senate
House
President
Law

Key Points

  • This resolution aims to cancel a rule from the Treasury Department that changed how much money the nation's largest banks must keep in reserve. These banks are considered "systemically important," meaning their financial health is vital to the stability of the entire U.S. economy.
  • The rule being challenged modified the "Enhanced Supplementary Leverage Ratio" and other debt requirements. These are rules designed to ensure that if a massive bank loses money, it has enough of its own cash to cover the losses without needing a government bailout.
  • If this resolution passes, the Treasury's changes would have no legal power. The banks would likely have to return to previous standards for how much capital and long-term debt they must hold to protect against financial shocks.
  • This action was introduced by Senator Warren on March 4, 2026, using a special process that allows Congress to overrule federal agency decisions. It specifically targets a rule that was originally submitted on December 1, 2025.
Economy Finance

Impact Analysis

Personal Impact

Scores: 1 = low, 5 = highSentiment: -5 to +5 (net benefit)

Broader Impacts

Score
Scores: -5 (harmful) to +5 (beneficial)Short-term: 0-2 yearsLong-term: 10-30 years

Milestones

2 milestones2 actions
Mar 4, 2026Senate

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Mar 4, 2026

Introduced in Senate

Source Information

Document Type

Congressional Bill

Official Title

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".

Bill NumberSJRES 110
Congress119th Congress
ChamberSenate
Latest ActionRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Read Full Bill Text

Sponsor

Analysis generated by AI. Always verify with official sources.