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

United States117th CongressSJRES-15Senate
Updated: Jun 30, 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.

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Timeline

  1. Motion to reconsider laid on the table Agreed to without objection.

    House of Representatives

  2. Became Public Law No: 117-24.

  3. Signed by President.

  4. Presented to President.

    House of Representatives