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Main Subject: Finance and financial sector

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.

House floor actions Actions

IntroReferral
Mar. 26 2021	Referred to the House Committee on Financial Services.

Library of Congress Actions

IntroReferral
Mar. 26 2021	Sponsor introductory remarks on measure. (CR E307) Introduced in House Introduced in House

House bill HJRES35-117

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".

House bill HJRES35-117

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".

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