Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted…

Full title

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".

Key: what the circles and colors mean

Each circle is a bill. The ring fills as it moves through Congress:

IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

Under the number: the Yea · Nay count of its final (or latest) recorded vote. On a member's page, the small badge is how that member voted: Y Yea / Aye, N Nay / No, P Present, – Not voting.

Gold and violet are only for Yea and Nay; they never mean a party. A member's party is the letter on their photo.

R FloodSponsor

4 cosponsors · 2 D, 2 R

1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

House Introduced Feb 1, 2024
House Passed May 8, 2024 228–182
Senate Passed May 16, 2024 60–38
President To the President May 23, 2024
President Vetoed May 31, 2024
House Veto sustained Jul 11, 2024 228–184

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.

What it does: CRS summary · Passed Senate · May 16, 2024

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.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

Votes to become law

House · Passed May 8, 2024 · 228 Yea – 182 Nay Passage Speaker: Mike Johnson Senate · Joint Resolution Passed May 16, 2024 · 60 Yea – 38 Nay Passage Majority Leader: Charles E. Schumer House · Failed Jul 11, 2024 · 228 Yea – 184 Nay Overriding the President's veto Speaker: Mike Johnson

About this bill and sources

Official title: 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".

Member	Party at vote	Seat	Position
Mary Peltola	D	AK-AL	Not Voting
Jerry Carl	R	AL-1	Yea
Barry Moore	R	AL-2	Yea
Mike Rogers	R	AL-3	Not Voting
Robert Aderholt	R	AL-4	Yea
Dale Strong	R	AL-5	Yea
Gary Palmer	R	AL-6	Yea
Terri Sewell	D	AL-7	Nay
Rick Crawford	R	AR-1	Yea
J. Hill	R	AR-2	Yea
Steve Womack	R	AR-3	Yea
Bruce Westerman	R	AR-4	Yea
David Schweikert	R	AZ-1	Yea
Eli Crane	R	AZ-2	Yea
Ruben Gallego	D	AZ-3	Yea
Greg Stanton	D	AZ-4	Nay
Andy Biggs	R	AZ-5	Yea
Juan Ciscomani	R	AZ-6	Yea
Raúl Grijalva	D	AZ-7	Not Voting
Debbie Lesko	R	AZ-8	Yea
Paul Gosar	R	AZ-9	Yea
Doug LaMalfa	R	CA-1	Not Voting
Mark DeSaulnier	D	CA-10	Nay
Nancy Pelosi	D	CA-11	Nay
Barbara Lee	D	CA-12	Nay
John Duarte	R	CA-13	Yea
Eric Swalwell	D	CA-14	Yea
Kevin Mullin	D	CA-15	Nay
Anna Eshoo	D	CA-16	Nay
Ro Khanna	D	CA-17	Yea
Zoe Lofgren	D	CA-18	Nay
Jimmy Panetta	D	CA-19	Nay
Jared Huffman	D	CA-2	Nay
Vince Fong	R	CA-20	Yea
Jim Costa	D	CA-21	Yea
David Valadao	R	CA-22	Yea
Jay Obernolte	R	CA-23	Yea
Salud Carbajal	D	CA-24	Nay
Raul Ruiz	D	CA-25	Nay
Julia Brownley	D	CA-26	Nay
Mike Garcia	R	CA-27	Yea
Judy Chu	D	CA-28	Nay
Tony Cárdenas	D	CA-29	Nay
Kevin Kiley	R	CA-3	Yea
Adam Schiff	D	CA-30	Nay
Grace Napolitano	D	CA-31	Nay
Brad Sherman	D	CA-32	Nay
Pete Aguilar	D	CA-33	Nay
Jimmy Gomez	D	CA-34	Nay
Norma Torres	D	CA-35	Nay
Ted Lieu	D	CA-36	Nay
Sydney Kamlager-Dove	D	CA-37	Nay
Linda Sánchez	D	CA-38	Nay
Mark Takano	D	CA-39	Nay
Mike Thompson	D	CA-4	Nay
Young Kim	R	CA-40	Yea
Ken Calvert	R	CA-41	Yea
Robert Garcia	D	CA-42	Nay
Maxine Waters	D	CA-43	Nay
Nanette Barragán	D	CA-44	Nay
Michelle Steel	R	CA-45	Yea
J. Correa	D	CA-46	Nay
Katie Porter	D	CA-47	Nay
Darrell Issa	R	CA-48	Yea
Mike Levin	D	CA-49	Nay
Tom McClintock	R	CA-5	Yea
Scott Peters	D	CA-50	Nay
Sara Jacobs	D	CA-51	Nay
Juan Vargas	D	CA-52	Nay
Ami Bera	D	CA-6	Nay
Doris Matsui	D	CA-7	Nay
John Garamendi	D	CA-8	Not Voting
Josh Harder	D	CA-9	Nay
Diana DeGette	D	CO-1	Nay
Joe Neguse	D	CO-2	Nay
Lauren Boebert	R	CO-3	Yea
Greg Lopez	R	CO-4	Yea
Doug Lamborn	R	CO-5	Yea
Jason Crow	D	CO-6	Nay
Brittany Pettersen	D	CO-7	Nay
Yadira Caraveo	D	CO-8	Yea
John Larson	D	CT-1	Nay
Joe Courtney	D	CT-2	Nay
Rosa DeLauro	D	CT-3	Nay
Jim Himes	D	CT-4	Nay
Jahana Hayes	D	CT-5	Nay
Lisa Blunt Rochester	D	DE-AL	Nay
Matt Gaetz	R	FL-1	Yea
Maxwell Frost	D	FL-10	Nay
Daniel Webster	R	FL-11	Yea
Gus Bilirakis	R	FL-12	Yea
Anna Luna	R	FL-13	Yea
Kathy Castor	D	FL-14	Nay
Laurel Lee	R	FL-15	Not Voting
Vern Buchanan	R	FL-16	Yea
W. Steube	R	FL-17	Yea
C. Franklin	R	FL-18	Yea
Byron Donalds	R	FL-19	Not Voting
Neal Dunn	R	FL-2	Yea
Sheila Cherfilus-McCormick	D	FL-20	Nay
Brian Mast	R	FL-21	Not Voting
Lois Frankel	D	FL-22	Nay
Jared Moskowitz	D	FL-23	Not Voting
Frederica Wilson	D	FL-24	Not Voting
Debbie Wasserman Schultz	D	FL-25	Nay
Mario Diaz-Balart	R	FL-26	Yea
Maria Salazar	R	FL-27	Yea
Carlos Gimenez	R	FL-28	Yea
Kat Cammack	R	FL-3	Yea
Aaron Bean	R	FL-4	Yea
John Rutherford	R	FL-5	Yea
Michael Waltz	R	FL-6	Yea
Cory Mills	R	FL-7	Yea
Bill Posey	R	FL-8	Yea
Darren Soto	D	FL-9	Yea
Buddy Carter	R	GA-1	Yea
Mike Collins	R	GA-10	Yea
Barry Loudermilk	R	GA-11	Yea
Rick Allen	R	GA-12	Yea
David Scott	D	GA-13	Nay
Marjorie Greene	R	GA-14	Yea
Sanford Bishop	D	GA-2	Nay
A. Ferguson	R	GA-3	Nay
Hank Johnson	D	GA-4	Nay
Nikema Williams	D	GA-5	Nay
Rich McCormick	R	GA-6	Yea
Lucy McBath	D	GA-7	Nay
Austin Scott	R	GA-8	Yea
Andrew Clyde	R	GA-9	Yea
Ed Case	D	HI-1	Nay
Jill Tokuda	D	HI-2	Nay
Mariannette Miller-Meeks	R	IA-1	Yea
Ashley Hinson	R	IA-2	Yea
Zachary (Zach) Nunn	R	IA-3	Yea
Randy Feenstra	R	IA-4	Yea
Russ Fulcher	R	ID-1	Yea
Mike Simpson	R	ID-2	Yea
Jonathan Jackson	D	IL-1	Yea
Brad Schneider	D	IL-10	Nay
Bill Foster	D	IL-11	Nay
Mike Bost	R	IL-12	Yea
Nicole (Nikki) Budzinski	D	IL-13	Nay
Lauren Underwood	D	IL-14	Nay
Mary Miller	R	IL-15	Yea
Darin LaHood	R	IL-16	Yea
Eric Sorensen	D	IL-17	Nay
Robin Kelly	D	IL-2	Nay
Delia Ramirez	D	IL-3	Nay
Chuy García	D	IL-4	Nay
Mike Quigley	D	IL-5	Nay
Sean Casten	D	IL-6	Nay
Danny Davis	D	IL-7	Nay
Raja Krishnamoorthi	D	IL-8	Nay
Jan Schakowsky	D	IL-9	Nay
Frank Mrvan	D	IN-1	Nay
Rudy Yakym	R	IN-2	Yea
Jim Banks	R	IN-3	Yea
James Baird	R	IN-4	Yea
Victoria Spartz	R	IN-5	Yea
Greg Pence	R	IN-6	Yea
André Carson	D	IN-7	Nay
Larry Bucshon	R	IN-8	Yea
Erin Houchin	R	IN-9	Yea
Tracey Mann	R	KS-1	Yea
Jake LaTurner	R	KS-2	Not Voting
Sharice Davids	D	KS-3	Nay
Ron Estes	R	KS-4	Yea
James Comer	R	KY-1	Yea
Brett Guthrie	R	KY-2	Yea
Morgan McGarvey	D	KY-3	Nay
Thomas Massie	R	KY-4	Not Voting
Hal Rogers	R	KY-5	Yea
Andy Barr	R	KY-6	Yea
Steve Scalise	R	LA-1	Yea
Troy Carter	D	LA-2	Nay
Clay Higgins	R	LA-3	Yea
Mike Johnson	R	LA-4	Yea
Julia Letlow	R	LA-5	Yea
Garret Graves	R	LA-6	Yea
Richard Neal	D	MA-1	Nay
Jim McGovern	D	MA-2	Nay
Lori Trahan	D	MA-3	Nay
Jake Auchincloss	D	MA-4	Yea
Katherine Clark	D	MA-5	Nay
Seth Moulton	D	MA-6	Yea
Ayanna Pressley	D	MA-7	Nay
Stephen Lynch	D	MA-8	Nay
William Keating	D	MA-9	Nay
Andy Harris	R	MD-1	Yea
C. Ruppersberger	D	MD-2	Nay
John Sarbanes	D	MD-3	Nay
Glenn Ivey	D	MD-4	Nay
Steny Hoyer	D	MD-5	Nay
David Trone	D	MD-6	Nay
Kweisi Mfume	D	MD-7	Nay
Jamie Raskin	D	MD-8	Nay
Chellie Pingree	D	ME-1	Nay
Jared Golden	D	ME-2	Nay
Jack Bergman	R	MI-1	Yea
John James	R	MI-10	Yea
Haley Stevens	D	MI-11	Nay
Rashida Tlaib	D	MI-12	Nay
Shri Thanedar	D	MI-13	Yea
John Moolenaar	R	MI-2	Yea
Hillary Scholten	D	MI-3	Nay
Bill Huizenga	R	MI-4	Yea
Tim Walberg	R	MI-5	Yea
Debbie Dingell	D	MI-6	Nay
Elissa Slotkin	D	MI-7	Yea
Daniel Kildee	D	MI-8	Not Voting
Lisa McClain	R	MI-9	Yea
Brad Finstad	R	MN-1	Yea
Angie Craig	D	MN-2	Yea
Dean Phillips	D	MN-3	Nay
Betty McCollum	D	MN-4	Nay
Ilhan Omar	D	MN-5	Nay
Tom Emmer	R	MN-6	Yea
Michelle Fischbach	R	MN-7	Yea
Pete Stauber	R	MN-8	Yea
Cori Bush	D	MO-1	Nay
Ann Wagner	R	MO-2	Yea
Blaine Luetkemeyer	R	MO-3	Yea
Mark Alford	R	MO-4	Yea
Emanuel Cleaver	D	MO-5	Nay
Sam Graves	R	MO-6	Yea
Eric Burlison	R	MO-7	Yea
Jason Smith	R	MO-8	Yea
Trent Kelly	R	MS-1	Yea
Bennie Thompson	D	MS-2	Nay
Michael Guest	R	MS-3	Yea
Mike Ezell	R	MS-4	Yea
Ryan Zinke	R	MT-1	Yea
Matthew Rosendale	R	MT-2	Yea
Donald Davis	D	NC-1	Yea
Patrick McHenry	R	NC-10	Not Voting
Charles (Chuck) Edwards	R	NC-11	Yea
Alma Adams	D	NC-12	Nay
Wiley Nickel	D	NC-13	Yea
Jeffrey Jackson	D	NC-14	Nay
Deborah Ross	D	NC-2	Nay
Gregory Murphy	R	NC-3	Yea
Valerie Foushee	D	NC-4	Nay
Virginia Foxx	R	NC-5	Yea
Kathy Manning	D	NC-6	Nay
David Rouzer	R	NC-7	Yea
Dan Bishop	R	NC-8	Yea
Richard Hudson	R	NC-9	Yea
Kelly Armstrong	R	ND-AL	Not Voting
Mike Flood	R	NE-1	Yea
Don Bacon	R	NE-2	Yea
Adrian Smith	R	NE-3	Yea
Chris Pappas	D	NH-1	Yea
Ann Kuster	D	NH-2	Nay
Donald Norcross	D	NJ-1	Nay
Mikie Sherrill	D	NJ-11	Nay
Bonnie Watson Coleman	D	NJ-12	Nay
Jefferson Van Drew	R	NJ-2	Yea
Andy Kim	D	NJ-3	Nay
Chris Smith	R	NJ-4	Yea
Josh Gottheimer	D	NJ-5	Yea
Frank Pallone	D	NJ-6	Nay
Thomas Kean	R	NJ-7	Yea
Robert Menendez	D	NJ-8	Nay
Bill Pascrell	D	NJ-9	Nay
Melanie Stansbury	D	NM-1	Nay
Gabriel (Gabe) Vasquez	D	NM-2	Nay
Teresa Leger Fernandez	D	NM-3	Nay
Dina Titus	D	NV-1	Nay
Mark Amodei	R	NV-2	Yea
Susie Lee	D	NV-3	Nay
Steven Horsford	D	NV-4	Nay
Nicolas LaLota	R	NY-1	Yea
Dan Goldman	D	NY-10	Nay
Nicole Malliotakis	R	NY-11	Yea
Jerrold Nadler	D	NY-12	Nay
Adriano Espaillat	D	NY-13	Nay
Alexandria Ocasio-Cortez	D	NY-14	Nay
Ritchie Torres	D	NY-15	Yea
Jamaal Bowman	D	NY-16	Nay
Michael Lawler	R	NY-17	Yea
Patrick Ryan	D	NY-18	Nay
Marcus Molinaro	R	NY-19	Yea
Andrew Garbarino	R	NY-2	Yea
Paul Tonko	D	NY-20	Nay
Elise Stefanik	R	NY-21	Yea
Brandon Williams	R	NY-22	Yea
Nicholas Langworthy	R	NY-23	Yea
Claudia Tenney	R	NY-24	Yea
Joseph Morelle	D	NY-25	Nay
Timothy Kennedy	D	NY-26	Nay
Thomas Suozzi	D	NY-3	Yea
Anthony D'Esposito	R	NY-4	Yea
Gregory Meeks	D	NY-5	Nay
Grace Meng	D	NY-6	Nay
Nydia Velázquez	D	NY-7	Nay
Hakeem Jeffries	D	NY-8	Nay
Yvette Clarke	D	NY-9	Nay
Greg Landsman	D	OH-1	Nay
Michael Turner	R	OH-10	Yea
Shontel Brown	D	OH-11	Nay
Troy Balderson	R	OH-12	Yea
Emilia Sykes	D	OH-13	Nay
David Joyce	R	OH-14	Yea
Mike Carey	R	OH-15	Yea
Brad Wenstrup	R	OH-2	Yea
Joyce Beatty	D	OH-3	Nay
Jim Jordan	R	OH-4	Yea
Robert Latta	R	OH-5	Yea
Michael Rulli	R	OH-6	Yea
Max Miller	R	OH-7	Yea
Warren Davidson	R	OH-8	Yea
Marcy Kaptur	D	OH-9	Nay
Kevin Hern	R	OK-1	Yea
Josh Brecheen	R	OK-2	Yea
Frank Lucas	R	OK-3	Yea
Tom Cole	R	OK-4	Yea
Stephanie Bice	R	OK-5	Yea
Suzanne Bonamici	D	OR-1	Nay
Cliff Bentz	R	OR-2	Yea
Earl Blumenauer	D	OR-3	Nay
Valerie Hoyle	D	OR-4	Nay
Lori Chavez-DeRemer	R	OR-5	Yea
Andrea Salinas	D	OR-6	Nay
Brian Fitzpatrick	R	PA-1	Yea
Scott Perry	R	PA-10	Yea
Lloyd Smucker	R	PA-11	Yea
Summer Lee	D	PA-12	Nay
John Joyce	R	PA-13	Yea
Guy Reschenthaler	R	PA-14	Yea
Glenn Thompson	R	PA-15	Yea
Mike Kelly	R	PA-16	Yea
Chris Deluzio	D	PA-17	Nay
Brendan Boyle	D	PA-2	Yea
Dwight Evans	D	PA-3	Not Voting
Madeleine Dean	D	PA-4	Nay
Mary Scanlon	D	PA-5	Nay
Chrissy Houlahan	D	PA-6	Yea
Susan Wild	D	PA-7	Nay
Matt Cartwright	D	PA-8	Nay
Daniel Meuser	R	PA-9	Yea
Gabe Amo	D	RI-1	Nay
Seth Magaziner	D	RI-2	Nay
Nancy Mace	R	SC-1	Yea
Joe Wilson	R	SC-2	Yea
Jeff Duncan	R	SC-3	Yea
William Timmons	R	SC-4	Yea
Ralph Norman	R	SC-5	Yea
Jim Clyburn	D	SC-6	Nay
Russell Fry	R	SC-7	Yea
Dusty Johnson	R	SD-AL	Yea
Diana Harshbarger	R	TN-1	Yea
Tim Burchett	R	TN-2	Yea
Chuck Fleischmann	R	TN-3	Yea
Scott DesJarlais	R	TN-4	Yea
Andrew Ogles	R	TN-5	Yea
John Rose	R	TN-6	Yea
Mark Green	R	TN-7	Yea
David Kustoff	R	TN-8	Yea
Steve Cohen	D	TN-9	Nay
Nathaniel Moran	R	TX-1	Yea
Michael McCaul	R	TX-10	Yea
August Pfluger	R	TX-11	Yea
Kay Granger	R	TX-12	Not Voting
Ronny Jackson	R	TX-13	Yea
Randy Weber	R	TX-14	Yea
Mónica De La Cruz	R	TX-15	Yea
Veronica Escobar	D	TX-16	Nay
Pete Sessions	R	TX-17	Yea
Sheila Jackson Lee	D	TX-18	Not Voting
Jodey Arrington	R	TX-19	Yea
Dan Crenshaw	R	TX-2	Not Voting
Joaquin Castro	D	TX-20	Nay
Chip Roy	R	TX-21	Yea
Troy Nehls	R	TX-22	Yea
Tony Gonzales	R	TX-23	Yea
Beth Van Duyne	R	TX-24	Yea
Roger Williams	R	TX-25	Yea
Michael Burgess	R	TX-26	Yea
Michael Cloud	R	TX-27	Not Voting
Henry Cuellar	D	TX-28	Yea
Sylvia Garcia	D	TX-29	Nay
Keith Self	R	TX-3	Yea
Jasmine Crockett	D	TX-30	Nay
John Carter	R	TX-31	Yea
Colin Allred	D	TX-32	Nay
Marc Veasey	D	TX-33	Nay
Vicente Gonzalez	D	TX-34	Nay
Gregorio Casar	D	TX-35	Nay
Brian Babin	R	TX-36	Yea
Lloyd Doggett	D	TX-37	Nay
Wesley Hunt	R	TX-38	Yea
Pat Fallon	R	TX-4	Yea
Lance Gooden	R	TX-5	Yea
Jake Ellzey	R	TX-6	Yea
Lizzie Fletcher	D	TX-7	Nay
Morgan Luttrell	R	TX-8	Yea
Al Green	D	TX-9	Nay
Blake Moore	R	UT-1	Yea
Celeste Maloy	R	UT-2	Yea
John Curtis	R	UT-3	Yea
Burgess Owens	R	UT-4	Yea
Robert Wittman	R	VA-1	Yea
Jennifer Wexton	D	VA-10	Nay
Gerald Connolly	D	VA-11	Nay
Jennifer Kiggans	R	VA-2	Yea
Bobby Scott	D	VA-3	Nay
Jennifer McClellan	D	VA-4	Nay
Bob Good	R	VA-5	Yea
Ben Cline	R	VA-6	Yea
Abigail Spanberger	D	VA-7	Nay
Donald Beyer	D	VA-8	Nay
H. Griffith	R	VA-9	Yea
Becca Balint	D	VT-AL	Nay
Suzan DelBene	D	WA-1	Nay
Marilyn Strickland	D	WA-10	Nay
Rick Larsen	D	WA-2	Nay
Marie Gluesenkamp Perez	D	WA-3	Nay
Dan Newhouse	R	WA-4	Yea
Cathy McMorris Rodgers	R	WA-5	Yea
Derek Kilmer	D	WA-6	Nay
Pramila Jayapal	D	WA-7	Nay
Kim Schrier	D	WA-8	Nay
Adam Smith	D	WA-9	Nay
Bryan Steil	R	WI-1	Yea
Mark Pocan	D	WI-2	Nay
Derrick Van Orden	R	WI-3	Yea
Gwen Moore	D	WI-4	Not Voting
Scott Fitzgerald	R	WI-5	Yea
Glenn Grothman	R	WI-6	Yea
Thomas Tiffany	R	WI-7	Yea
Carol Miller	R	WV-1	Yea
Alexander Mooney	R	WV-2	Yea
Harriet Hageman	R	WY-AL	Yea

Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted…

Votes to become law

Final vote · House · Jul 11, 2024