H. J. Res. 185 seeks congressional disapproval of a rule issued by the Securities and Exchange Commission. This rule, known as "Regulation S–P," deals with the privacy of consumer financial information and the safeguarding of customer information. The resolution, submitted by...
Simple Explanation
Congress is thinking about stopping a new rule that helps keep people's money secrets safe. They want to make sure the rule has no power anymore, but they haven't explained why.