Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Office of the Comptroller of the Currency relating to "National Banks and Federal Savings Associations as Lenders".

United States117th CongressHJRES-35House of Representatives
Updated: Mar 26, 2021

Summary

This joint resolution nullifies the final rule issued by the Office of the Comptroller of the Currency titled National Banks and Federal Savings Associations as Lenders and published on October 30, 2020. The rule requires that to be considered a lender, a national bank or federal saving association must, as of the date of origination of the loan (1) be named as the lender in the loan agreement, or (2) fund the loan.

Bill texts

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Introduced (House)View official text

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Timeline

  1. Sponsor introductory remarks on measure. (CR E307)

  2. Introduced in House

  3. Referred to the House Committee on Financial Services.

    House of Representatives

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