H. J. RES. 109 is a resolution aimed at nullifying a rule from the Securities and Exchange Commission related to "Staff Accounting Bulletin No. 121." This rule is identified as part of the federal regulations under chapter 8 of title 5 of the United States Code. The...
Simple Explanation
Congress wants to cancel a rule they don't like from a big financial group called the SEC, but they don't really explain why they want to get rid of it.