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House Joint Resolution

H.J.Res. 120

119th Congress

Proposing an amendment to the Constitution of the United States to limit the number of consecutive terms that a Member of Congress may serve.

In Committee
Introduced:Sep 11, 2025

Primary Sponsor

Seth Magaziner

Seth Magaziner

Representative

Democratic
RI-2

Cosponsors

10

Quick Stats

Policy Area

Finance and Financial Sector

Summary

This bill nullifies recent guidance from the Financial Stability Oversight Council that revised procedures for determining which nonbank financial companies must be supervised by the Federal Reserve. If passed, this would keep the previous oversight procedures in place.

Latest Action

Placed on the Union Calendar, Calendar No. 653.

SponsorSeth Magaziner (D-RI)
Introduced9/11/2025
StatusReferred to the House Committee on the Judiciary.
ChamberHouse
Data from Congress.gov

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Vote Prediction

Proposing an amendment to the Constitution of the United States to limit the number of consecutive terms that a Member of Congress may serve.

This bill nullifies recent guidance from the Financial Stability Oversight Council that revised procedures for determining which nonbank financial companies must be supervised by the Federal Reserve. If passed, this would keep the previous oversight procedures

Community Breakdown

Pass

0%

Fail

0%

0 predictions

This bill nullifies recent guidance from the Financial Stability Oversight Council that revised procedures for determining which nonbank financial companies must be supervised by the Federal Reserve. If passed, this would keep the previous oversight procedures in place.

Bill Number
120
Sponsor
Seth Magaziner (D-RI)
Introduced
9/11/2025
Status
Referred to the House Committee on the Judiciary.
Policy Area
Finance and Financial Sector

Data from Congress.gov

AI-generated summary

Fact Sheet

Title
Proposing an amendment to the Constitution of the United States to limit the number of consecutive terms that a Member of Congress may serve.
Bill Number
120
Sponsor
Seth Magaziner (D-RI)
Status
Referred to the House Committee on the Judiciary.
Introduced
9/11/2025
Summary
This bill nullifies recent guidance from the Financial Stability Oversight Council that revised procedures for determining which nonbank financial companies must be supervised by the Federal Reserve. If passed, this would keep the previous oversight procedures in place.

Data from Congress.gov

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