H.J.Res. 53 — 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 "Form N-PORT and Form N-CEN Reporting; Guidance on Open-End Fund Liquidity Risk Management Programs".

H.J.Res. 53 — 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 "Form N-PORT and Form N-CEN Reporting; Guidance on Open-End Fund Liquidity Risk Management Programs". | JustPolicyThe main purpose of this legislative text is to allow Congress to disapprove a specific rule set by the Securities and Exchange Commission (SEC). This rule involves reporting requirements for open-end investment funds, specifically related to liquidity risk management. The resolution aims to prevent the rule from being enforced, effectively nullifying it.