118 HJ 109 RH: Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to “Staff Accounting Bulletin No. 121”. U.S. House of Representatives 2024-05-01 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

IBUnion Calendar No. 398118th CONGRESS2d SessionH. J. RES. 109[Report No. 118–480]IN THE HOUSE OF REPRESENTATIVESFebruary 1, 2024Mr. Flood (for himself and Mr. Nickel) submitted the following joint resolution; which was referred to the Committee on Financial ServicesMay 1, 2024Additional sponsors: Mr. Emmer, Mr. Soto, and Mr. HillMay 1, 2024Committed to the Committee of the Whole House on the State of the Union and ordered to be printedJOINT RESOLUTIONProviding for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to Staff Accounting Bulletin No. 121.

That Congress disapproves the rule submitted by the Securities and Exchange Commission relating to Staff Accounting Bulletin No. 121 (87 Fed. Reg. 21015 (April 11, 2022) and a letter of opinion from the Government Accountability Office dated October 31, 2023 (which was printed in the Congressional Record on November 1, 2023, on pages S5310–5312), concluding that such Staff Accounting Bulletin is a rule under chapter 8 of title 5, United States Code), and such rule shall have no force or effect.

May 1, 2024Committed to the Committee of the Whole House on the State of the Union and ordered to be printed