The joint resolution of Congress is essentially a legislative decision that requires the approval of both chambers of Congress in order to pass. It is different from a regular bill in the sense that it does not require a signature from the president in order to become law. This type of resolution can be used to declare war, address an international threat, or set policy of national importance. In addition, it can be used to name a post office, a public building, or even a bridge.
What Recent Examples Can Help Us Understand?
One of the most recent examples of a joint resolution of Congress was the 2019 joint resolution to end U.S. military involvement in the wars in Yemen. This resolution was the first time in decades that the United States used its powers to end a foreign conflict. The resolution received overwhelming approval and, very importantly, sent the signal to the international community that the United States takes seriously its responsibilities as a global leader.
What Does This Mean for Business?
A joint resolution of Congress impacts business both on a direct and an indirect level. On a direct level, a joint resolution of Congress can influence policy decisions regarding international trade, labor laws, and tariffs. On an indirect level, such a resolution can set the tone for how business will be conducted on a global scale by sending a clear message to the international community. As a business, it is important to stay informed of resolutions on the horizon in order to best prepare for the potential impacts.