Federal · H.J.Res. 109 · 118th Congress
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”
This joint resolution nullifies the rule issued by the Securities and Exchange Commission on March 31, 2022, titled Staff Accounting Bulletin No. 121 . This bulletin provides accounting and disclosure guidance for entities related to their obligations to safeguard cryptoassets held for users of its platform.
First two sentences of the Congressional Research Service's summary · Congress.gov ↗
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Latest final vote: Failed · U.S. House · Jul 11, 2024
Official record ↗Constitution
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All votes
U.S. House · Jul 11, 2024 · Final passage
Passage, Objections of the President To The Contrary Notwithstanding · Failed
Official record ↗By party
| Party | Yes | No | Present | Not voting |
|---|---|---|---|---|
| Republican | 180 | 0 | 0 | 8 |
| Democratic | 18 | 157 | 0 | 5 |
| Democrat | 1 | 5 | 0 | 0 |
| Independent | 1 | 0 | 0 | 0 |
By state (48)
| State | Yes | No | Present | Not voting |
|---|---|---|---|---|
| AL | 4 | 1 | 0 | 1 |
| AR | 4 | 0 | 0 | 0 |
| AZ | 6 | 1 | 0 | 0 |
| CA | 14 | 36 | 0 | 2 |
| CO | 1 | 4 | 0 | 0 |
| CT | 0 | 5 | 0 | 0 |
| DE | 0 | 1 | 0 | 0 |
| FL | 15 | 4 | 0 | 5 |
| GA | 7 | 4 | 0 | 0 |
| HI | 0 | 2 | 0 | 0 |
| IA | 4 | 0 | 0 | 0 |
| ID | 2 | 0 | 0 | 0 |
| IL | 4 | 13 | 0 | 0 |
| IN | 5 | 2 | 0 | 0 |
| KS | 2 | 1 | 0 | 0 |
| KY | 4 | 1 | 0 | 1 |
| LA | 4 | 1 | 0 | 0 |
| MA | 2 | 7 | 0 | 0 |
| MD | 1 | 4 | 0 | 0 |
| ME | 0 | 2 | 0 | 0 |
| MI | 8 | 4 | 0 | 0 |
| MN | 5 | 2 | 0 | 0 |
| MO | 5 | 1 | 0 | 0 |
| MS | 3 | 1 | 0 | 0 |
| MT | 1 | 0 | 0 | 0 |
| NC | 6 | 3 | 0 | 0 |
| NE | 3 | 0 | 0 | 0 |
| NH | 1 | 0 | 0 | 0 |
| NJ | 4 | 5 | 0 | 0 |
| NM | 0 | 3 | 0 | 0 |
| NV | 1 | 3 | 0 | 0 |
| NY | 9 | 13 | 0 | 0 |
| OH | 9 | 5 | 0 | 0 |
| OK | 5 | 0 | 0 | 0 |
| OR | 1 | 3 | 0 | 0 |
| PA | 10 | 4 | 0 | 1 |
| RI | 0 | 2 | 0 | 0 |
| SC | 5 | 1 | 0 | 0 |
| SD | 1 | 0 | 0 | 0 |
| TN | 7 | 1 | 0 | 0 |
| TX | 21 | 10 | 0 | 2 |
| UT | 4 | 0 | 0 | 0 |
| VA | 4 | 3 | 0 | 0 |
| VT | 0 | 1 | 0 | 0 |
| WA | 1 | 7 | 0 | 0 |
| WI | 5 | 1 | 0 | 1 |
| WV | 1 | 0 | 0 | 0 |
| WY | 1 | 0 | 0 | 0 |
The breakdown counts the 375 members whose positions are loaded; the totals above are the official record's.
Party is as each member's record lists it. Counts are of recorded positions, nothing more.
Every member's vote
375 members, by last name.
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Money
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History
- May 8, 2024U.S. House: On Passage · Passed ↗
- Jul 11, 2024U.S. House: Passage, Objections of the President To The Contrary Notwithstanding · Failed ↗
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Final action
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Full text
Official summary (Congressional Research Service)
This joint resolution nullifies the rule issued by the Securities and Exchange Commission on March 31, 2022, titled Staff Accounting Bulletin No. 121 . This bulletin provides accounting and disclosure guidance for entities related to their obligations to safeguard cryptoassets held for users of its platform. A letter of opinion from the Government Accountability Office dated October 31, 2023, titled Securities and Exchange Commission—Applicability of the Congressional Review Act to Staff Accounting Bulletin No. 121 concluded that this bulletin is a rule for purposes of the Congressional Review Act.
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