What does Modern Action include in the message about H.J.Res. 109?

The draft includes the bill number, your position, the reasons you selected, any personal context you add, and a direct ask such as voting yes, voting no, cosponsoring, opposing, or seeking changes.

Contact Congress about H.J.Res. 109: Disapproving the SEC Staff Accounting Bulletin No. 121 under the Congressional Review Act

Q: How do I support or oppose H.J.Res. 109?

Choose support, opposition, or changes. Modern Action uses that stance, the bill context, and any reasons you choose to draft a message you can edit and send.

Q: Who should I contact about H.J.Res. 109?

Modern Action routes the drafted message to your House representative when that is the relevant target for this bill, using your address to confirm constituent status.

Companies would no longer have to follow the SEC’s SAB 121 bulletin on digital asset custody accounting. The bill uses a congressional review process to wipe out that bulletin only.

Modern Action explains legislation in plain English, helps you choose whether to support, oppose, or ask for changes, and drafts a message tied to the bill, your stance, and the elected officials who can act on it.

Disapproving the SEC Staff Accounting Bulletin No. 121 under the Congressional Review Act is a House bill in Congress.

Who this affects: This bill mainly affects firms that hold crypto or other digital assets for customers and must report that activity in financial statements. It also affects the SEC, because the agency could no longer use SAB 121 as a binding rule. Investors could see changes in how clearly companies report digital asset custody risks, though the resolution itself does not spell out the full market effect.

Why this matters: This matters because it changes how companies may report crypto custody risks in real life. SAB 121 told some firms how to account for digital assets they safeguard for customers. Canceling it could make custody services easier for some firms. It could also reduce shared reporting standards, and the bill does not say what would replace them.

Key provisions in H.J.Res. 109

Congress uses the Congressional Review Act to review an SEC action. That law is in chapter 8 of title 5 of the United States Code.
The bill targets SEC Staff Accounting Bulletin No. 121. The bulletin was published in the Federal Register on April 11, 2022, at 87 Fed. Reg. 21015.
The bill relies on an October 31, 2023 opinion from the Government Accountability Office, Congress’s watchdog agency. That opinion said SAB 121 counts as a rule under the Congressional Review Act.
The bill says SAB 121 “shall have no force or effect.” If the resolution became law, the bulletin would no longer work as a legal rule.
The bill applies only to this one SEC bulletin. It does not change the SEC’s other rules or its broader legal powers.

How Modern Action helps you take action on H.J.Res. 109

You do not have to start with a blank letter. Modern Action turns the bill, your position, and the relevant congressional context into a message you can edit and send. The goal is to make contacting Congress clear, specific, and useful without forcing you to parse bill text or figure out the right office on your own.

Questions people ask about H.J.Res. 109

What is H.J.Res. 109?: Companies would no longer have to follow the SEC’s SAB 121 bulletin on digital asset custody accounting. The bill uses a congressional review process to wipe out that bulletin only.
How do I support or oppose H.J.Res. 109?: Choose support, oppose, or ask for changes on Modern Action. The action flow drafts the message for you and keeps the wording tied to this bill.
Who should I contact about H.J.Res. 109?: Modern Action uses your location to route the action to the congressional offices relevant to the bill and your representation.
Can Modern Action explain H.J.Res. 109 before I act?: Yes. Modern Action gives you a plain-English summary, current status, and action context before you send anything.

Contact Congress about H.J.Res. 109: Disapproving the SEC Staff Accounting Bulletin No. 121 under the Congressional Review Act

Companies would no longer have to follow the SEC’s SAB 121 bulletin on digital asset custody accounting. The bill uses a congressional review process to wipe out that bulletin only.

Disapproving the SEC Staff Accounting Bulletin No. 121 under the Congressional Review Act is a House bill in Congress.

Key provisions in H.J.Res. 109

Congress uses the Congressional Review Act to review an SEC action. That law is in chapter 8 of title 5 of the United States Code.

The bill targets SEC Staff Accounting Bulletin No. 121. The bulletin was published in the Federal Register on April 11, 2022, at 87 Fed. Reg. 21015.

The bill relies on an October 31, 2023 opinion from the Government Accountability Office, Congress’s watchdog agency. That opinion said SAB 121 counts as a rule under the Congressional Review Act.

The bill says SAB 121 “shall have no force or effect.” If the resolution became law, the bulletin would no longer work as a legal rule.

The bill applies only to this one SEC bulletin. It does not change the SEC’s other rules or its broader legal powers.

How Modern Action helps you take action on H.J.Res. 109

Questions people ask about H.J.Res. 109

What is H.J.Res. 109?

Companies would no longer have to follow the SEC’s SAB 121 bulletin on digital asset custody accounting. The bill uses a congressional review process to wipe out that bulletin only.

How do I support or oppose H.J.Res. 109?

Choose support, oppose, or ask for changes on Modern Action. The action flow drafts the message for you and keeps the wording tied to this bill.

Who should I contact about H.J.Res. 109?

Modern Action uses your location to route the action to the congressional offices relevant to the bill and your representation.

Can Modern Action explain H.J.Res. 109 before I act?

Yes. Modern Action gives you a plain-English summary, current status, and action context before you send anything.