It does. "Whatsoever you shall bind upon earth, shall be bound also in heaven; and whatsoever you shall loose upon earth, shall be loosed also in heaven" (Matthew 18:18)
And that verse is so taken out of context by the Catholics in a vain bid to claim ultimate authority over believers and compel submission to it.
The context is simply for settling disputes between believers, not giving the governing body of any church ultimate authority to tell God how it’s going to be.