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".

House Joint Resolution 109 is a measure intended to overturn a specific Securities and Exchange Commission (SEC) policy known as Staff Accounting Bulletin No. 121 (SAB 121). This SEC policy requires financial institutions that hold cryptocurrency for their customers to list those assets as liabilities on their own balance sheets, a requirement that differs from how traditional assets like stocks or bonds are handled.

If enacted, this resolution would remove those accounting requirements, making it easier and less costly for banks and other regulated financial firms to offer cryptocurrency custody services to the public. Supporters of the resolution argue it would allow highly regulated institutions to safeguard digital assets, while the SEC has maintained that the original policy is necessary to protect investors from the unique risks associated with the crypto market. Although the resolution passed both the House and the Senate, it was vetoed by the President, and a subsequent House vote failed to reach the two-thirds majority required to override that veto.