This is a congressional disapproval resolution that would block a Federal Reserve rule about how large banks and insurance companies are rated and supervised. In March 2026, Senator Warren introduced this joint resolution to reject new guidelines the Federal Reserve created for evaluating the safety and soundness of big financial institutions and the insurance organizations they oversee. If Congress passes this resolution, the Federal Reserve's new rating system and supervision framework would be cancelled and have no legal effect. This is a tool Congress can use under federal law to overturn rules created by federal agencies when lawmakers believe those rules are problematic. The resolution essentially says: "We don't want this new Federal Reserve rule, so we're voting to eliminate it."

A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Board of Governors of the Federal Reserve System relating to "Revisions to the Large Financial Institution Rating System and Framework for the Supervision of Insurance Organizations".