Bernie Moreno

This resolution expresses that the Panama Canal is vital to U.S. regional security, hemispheric hegemony, and economic interests. The resolution also assesses that Chinese-backed investment in Panama's port infrastructure and canal operations violates the Neutrality Treaty (i.e., the Treaty Concerning the Permanent Neutrality and Operation of the Panama Canal, signed in 1977) and urges the administration to ensure that the canal remains neutral.

This joint resolution nullifies the Environmental Protection Agency notice titled *California State Motor Vehicle and Engine Pollution Control Standards; Heavy-Duty Vehicle and Engine Emission Warranty and Maintenance Provisions; Advanced Clean Trucks; Zero Emission Airport Shuttle; Zero-Emission Power Train Certification; Waiver of Preemption; Notice of Decision* (88 Fed. Reg. 20688) and published on April 6, 2023. Among other elements, the notice grants the California Air Resources Board request for a waiver several of its regulations, including the Heavy-Duty Vehicle and Engine Emission Warranty Regulations and Maintenance Provisions. (Under the Clean Air Act, California may seek waivers of the preemption prohibiting states from enacting certain emission standards.)

This joint resolution nullifies the Environmental Protection Agency notice titled *California State Motor Vehicle and Engine Pollution Control Standards; Advanced Clean Cars II; Waiver of Preemption; Notice of Decision* (90 Fed. Reg. 642) and published on January 6, 2025. Among other elements, the notice grants the California Air Resources Board request for a waiver for its Advanced Clean Cars II (ACC II) regulations. (Under the Clean Air Act, California may seek waivers of the preemption prohibiting states from enacting certain emission standards.)

This joint resolution nullifies the rule titled *Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales* and issued by the Internal Revenue Service (IRS) on December 30, 2024. The rule generally requires persons effectuating decentralized financial (DeFi) transactions to report certain information regarding digital asset sales to the IRS.

This joint resolution nullifies the Environmental Protection Agency (EPA) rule titled *Air Plan Approval; Ohio; Withdrawal of Technical Amendment* (90 Fed. Reg. 6811) and published on January 21, 2025. Among other elements, the rule reversed a final rule from November 2020 that removed the Air Nuisance Rule (ANR) from the Ohio State Implementation Plan (SIP). The EPA determined its original action to remove the ANR was in error, and this rule reinstates the ANR. (Under the Clean Air Act, states must submit SIPs to comply with the National Ambient Air Quality Standards. This ANR was included in Ohio’s SIP.)

This joint resolution nullifies the Environmental Protection Agency rule titled *National Emission Standards for Hazardous Air Pollutants: Rubber Tire Manufacturing* (89 Fed. Reg. 94886) and published on November 29, 2024. The rule addresses the decision in *Louisiana Environmental Action Network v. EPA* (D.C. Cir. 2020) by implementing emissions standards for the rubber processing subcategory of the rubber tire manufacturing industry to ensure all emissions of hazardous air pollutants from sources in the source category are regulated.

This joint resolution nullifies the final rule issued by the Consumer Financial Protection Bureau titled *Overdraft Lending: Very Large Financial Institutions* and published on December 30, 2024. The rule revises provisions regarding charges for insufficient funds in a customer’s bank account (i.e., overdrafts) at very large financial institutions. Under the rule, these institutions must (1) cap overdraft charges at $5; (2) with justification, cap charges at a higher amount; or (3) handle overdrafts as credit and comply with applicable Truth in Lending Act disclosure requirements.

This joint resolution nullifies the final rule issued by the Department of the Treasury’s Office of the Comptroller of the Currency titled *Business Combinations Under the Bank Merger Act* and published on September 25, 2024. The rule revises procedures for reviewing applications for proposed bank mergers, such as by removing automatic approvals under an expedited review procedure and by discontinuing streamlined application forms.

This joint resolution proposes an amendment to the Constitution establishing term limits for individuals serving in the Senate and the House of Representatives. The proposed amendment makes an individual who has served two terms in the Senate ineligible for appointment or election to the Senate and an individual who has served three terms as a Member of the House of Representatives ineligible for election to the House of Representatives. The joint resolution provides that the amendment shall be valid when ratified by the legislatures of three-fourths of the states within seven years after the date of its submission for ratification. Under Article V of the Constitution, both chambers of Congress may propose an amendment by a vote of two-thirds of all Members present for such vote. A proposed amendment must be ratified by the states as prescribed in Article V and as specified by Congress.