117th Congress · Senate

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".

Subjects: Administrative law and regulatory procedures · Banking and financial institutions regulation · Congressional oversight · Credit and credit markets · Department of the Treasury · Finance and Financial Sector

In plain language

Senate joint resolution in the 117th Congress.
Nullifies the final rule issued by the Office of the Comptroller of the Currency titled National Banks.
Senate passed it on May 11, 2021 (substantive).

Official summary (Congressional Research Service)

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.

View this measure on congress.gov

Roll-call votes on this measure

substantiveMay 11, 2021 · Senate · Joint Resolution Passed
On the Joint Resolution — S. J. Res. 15
substantiveJun 24, 2021 · House · Passed
On Passage — S J RES 15 — 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”