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 "Form N-PORT and Form N-CEN Reporting; Guidance on Open-End Fund Liquidity Risk Management Programs".

HJRES 53 is a resolution to disapprove a Securities and Exchange Commission (SEC) rule that established new reporting requirements for mutual funds. The rule, published in the Federal Register on September 11, 2024, required funds to submit Form N-PORT and Form N-CEN (reporting detailed portfolio holdings and cash flow data) and provided guidance on liquidity risk management programs. If passed, this resolution would nullify the SEC rule, preventing it from taking effect and removing these specific reporting obligations. The bill directly affects the SEC and the mutual fund industry, which would no longer need to comply with the mandated forms and liquidity program guidance. This disapproval action follows the standard congressional review process under Title 5 of the U.S. Code.