H. J. RES. 120 is a joint resolution that aims to disapprove a specific rule submitted by the Financial Stability Oversight Council. This rule is about "Guidance on Nonbank Financial Company Determinations" and was published on November 17, 2023. If this resolution is passed,...
Simple Explanation
H. J. RES. 120 is like a special letter from lawmakers saying they don't like a new rule about some money businesses. If they agree on this letter, that rule won't happen, and we need to find another way to decide about those businesses.