S.J.Res. 110 — 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".

S.J.Res. 110 — 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". | JustPolicyThe main purpose of this legislative text is to allow Congress to disapprove a specific regulation proposed by the Department of the Treasury. This regulation involves changes to the capital requirements for large banks that are considered globally significant, known as Global Systemically Important Bank Holding Companies (G-SIBs). The objective is to ensure that these banks maintain sufficient capital to absorb losses and remain stable, which is crucial for the overall health of the financial system.