U.S. House Committee on Financial Services Chairman French Hill issued a statement after President Trump signed S.J. Res. 13 into law on 20 June 2025, disapproving an Office of the Comptroller of the Currency (OCC) rule on how bank merger applications are reviewed under the Bank Merger Act. Hill said the repealed OCC rule imposed burdensome standards on bank mergers and that small banks rely on mergers to grow, innovate and serve their communities. He argued the resolution would restore competition, consumer choice and a more balanced regulatory approach, and noted the House of Representatives passed S.J. Res. 13 on 20 May 2025.
U.S. Financial Services Committee 2025-06-21
U.S. House Committee on Financial Services chair applauds President Trump signing CRA resolution repealing OCC bank merger review rule
U.S. House Committee on Financial Services Chairman French Hill commented on President Trump's signing of S.J. Res. 13, which disapproves an OCC rule on bank merger application reviews. Hill criticized the repealed rule for imposing burdensome standards and emphasized that the resolution would enhance competition, consumer choice, and regulatory balance.