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Blocking changes to capital requirements for major U.S. banks

This resolution cancels a new rule that would have modified financial reserve requirements for the largest banks. By doing so, it keeps existing safety standards in place to help ensure the stability of the banking system and protect the economy.
Key points
Congress rejects the Treasury's plan to change bank leverage and debt rules.
Large banks must continue to hold specific amounts of capital to cover potential losses.
The move aims to protect the economy from risks associated with 'too big to fail' banks.
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Status: Introduced
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Additional Information
Print number: 119_SJRES_110
Sponsor: Sen. Warren, Elizabeth [D-MA]
Process start date: 2026-03-04
System Note: Lustra is free, publicly auditable civic infrastructure — full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source—always verify them if you can.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of the Treasury relating to "Regulatory Capital Rule: Modifications to the Enhanced Supplementary Leverage Ratio Standards for U.S. Global Systemically Important Bank Holding Companies and Their Subsidiary Depository Institutions; Total Loss-Absorbing Capacity and Long-Term Debt Requirements for U.S. Global Systemically Important Bank Holding Companies".

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_SJRES_110.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2026-03-04.

What are the main provisions?

Key points include:

  • Congress rejects the Treasury's plan to change bank leverage and debt rules.
  • Large banks must continue to hold specific amounts of capital to cover potential losses.
  • The move aims to protect the economy from risks associated with 'too big to fail' banks.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Warren, Elizabeth [D-MA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-03-07.

What is the impact of this bill?

We don't know—that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy