The neurophysiological study of emotion regulation focused on the strategy of reappraisal-i.e., the cognitive reinterpretation of a stimulus. Reappraisal reduces emotional expression, the experience of both negative and positive feelings, and the amplitude of an event-related potential (ERP)-the late positive potential (LPP). In contrast, the strategy of expressive suppression (ES), being the inhibition of emotional expression, has been reported to reduce subjective feelings of positive, but not negative emotion, and has not yet been investigated with ERPs. We focused on the LPP to assess the correlates of ES in the context of humor perception. Twenty-two female participants rated sequences of humorous (H) and non-humorous (NH) pictures, while their zygomaticus muscle was recorded. A spontaneous (SP) condition, in which participants attended naturally to the pictures, resulted in higher ratings of funniness, increased smiling, and increased LPP amplitude for H compared to NH stimuli. An ES condition, in which participants suppressed their facial reactions, resulted in reduced smiling, without affecting subjective ratings. LPP amplitude did not differ between H and NH stimuli during ES, suggesting equal allocation of processing resources to both stimuli. These results suggest that, similarly to reappraisal, ES modifies the way the brain processes positive emotional stimuli.