A joint resolution 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".

SJRES 59 is a joint resolution that would disapprove a rule by the Securities and Exchange Commission (SEC) treating its Staff Accounting Bulletin No. 121 (SAB 121) as a binding regulation. The SEC had submitted this rule for congressional review under the Congressional Review Act, and the resolution would block it from taking effect. If enacted, the disapproval would prevent SAB 121 from being enforced as a regulation, meaning public companies would not be required to follow it as a legal rule. The bill directly affects the SEC's regulatory authority and the accounting practices of public companies.