42686 Federal Register / Vol. 86, No. 148 / Thursday, August 5, 2021 / Rules and Regulations 

Atomic Energy Act of 1954, as amended; 

the Energy Reorganization Act of 1974, 

as amended; the Nuclear Waste Policy 

Act of 1982, as amended; and 5 U.S.C. 

552 and 553; the NRC is adopting the 

following amendments to 10 CFR part 

72: 

PART 72—LICENSING 

REQUIREMENTS FOR THE 

INDEPENDENT STORAGE OF SPENT 

NUCLEAR FUEL, HIGH-LEVEL 

RADIOACTIVE WASTE, AND 

REACTOR-RELATED GREATER THAN 

CLASS C WASTE 

■ 1. The authority citation for part 72 

continues to read as follows: 

Authority: Atomic Energy Act of 1954, 

secs. 51, 53, 57, 62, 63, 65, 69, 81, 161, 182, 

183, 184, 186, 187, 189, 223, 234, 274 (42 

U.S.C. 2071, 2073, 2077, 2092, 2093, 2095, 

2099, 2111, 2201, 2210e, 2232, 2233, 2234, 

2236, 2237, 2238, 2273, 2282, 2021); Energy 

Reorganization Act of 1974, secs. 201, 202, 

206, 211 (42 U.S.C. 5841, 5842, 5846, 5851); 

National Environmental Policy Act of 1969 

(42 U.S.C. 4332); Nuclear Waste Policy Act 

of 1982, secs. 117(a), 132, 133, 134, 135, 137, 

141, 145(g), 148, 218(a) (42 U.S.C. 10137(a), 

10152, 10153, 10154, 10155, 10157, 10161, 

10165(g), 10168, 10198(a)); 44 U.S.C. 3504 

note. 

■ 2. In § 72.214, revise Certificate of 

Compliance No. 1015 to read as follows: 

§ 72.214 List of approved spent fuel 

storage casks. 

* * * * * 

Certificate Number: 1015. 

Initial Certificate Effective Date: 

November 20, 2000. 

Amendment Number 1 Effective Date: 

February 20, 2001. 

Amendment Number 2 Effective Date: 

December 31, 2001. 

Amendment Number 3 Effective Date: 

March 31, 2004. 

Amendment Number 4 Effective Date: 

October 11, 2005. 

Amendment Number 5 Effective Date: 

January 12, 2009. 

Amendment Number 6 Effective Date: 

January 7, 2019. 

Amendment Number 7 Effective Date: 

July 29, 2019. 

Amendment Number 8 Effective Date: 

October 19, 2021. 

SAR Submitted by: NAC 

International, Inc. 

SAR Title: Final Safety Analysis 

Report for the NAC–UMS Universal 

Storage System. 

Docket Number: 72–1015. 

Certificate Expiration Date: November 

20, 2020. 

Model Number: NAC–UMS. 

* * * * * 

Dated: July 26, 2021. 

For the Nuclear Regulatory Commission. 

Margaret M. Doane, 

Executive Director for Operations. 

[FR Doc. 2021–16702 Filed 8–4–21; 8:45 am] 

BILLING CODE 7590–01–P 

DEPARTMENT OF THE TREASURY 

Office of the Comptroller of the 

Currency 

12 CFR Part 7 

[Docket ID OCC–2020–0026] 

RIN 1557–AF11 

National Banks and Federal Savings 

Associations as Lenders 

AGENCY: Office of the Comptroller of the 

Currency, Treasury. 

ACTION: Final rule; Congressional 

Review Act revocation. 

SUMMARY: Under the Congressional 

Review Act (CRA), Congress has passed 

and the President has signed a joint 

resolution disapproving the Office of the 

Comptroller of the Currency’s (OCC) 

final rule titled ‘‘National Banks and 

Federal Savings Associations as 

Lenders.’’ This final rule established a 

test to determine when a national bank 

or Federal savings association (bank) 

makes a loan and is the ‘‘true lender,’’ 

including in the context of a 

relationship between a bank and a third 

party, such as a marketplace lender. 

Under the joint resolution and by 

operation of the CRA, this rule has no 

legal force or effect. The OCC is hereby 

removing it from the Code of Federal 

Regulations. 

DATES: This action is effective August 5, 

2021. 

FOR FURTHER INFORMATION CONTACT: 

Andra Shuster, Senior Counsel, Karen 

McSweeney, Special Counsel, Alison 

MacDonald, Special Counsel, or 

Priscilla Benner, Senior Attorney, Chief 

Counsel’s Office, (202) 649–5490, Office 

of the Comptroller of the Currency, 400 

7th Street SW, Washington, DC 20219. 

For persons who are deaf or hearing 

impaired, TTY users may contact (202) 

649–5597. 

SUPPLEMENTARY INFORMATION: On July 

22, 2020, the Office of the Comptroller 

of the Currency (OCC) published in the 

Federal Register a notice of proposed 

rulemaking proposing a test to 

determine when a national bank or 

Federal savings association (bank) 

makes a loan and is the ‘‘true lender’’ 

(85 FR 44223). The OCC published the 

final rule, titled ‘‘National Banks and 

Federal Savings Associations as 

Lenders’’ and codified at 12 CFR 7.1031, 

in the Federal Register on October 30, 

2020 (85 FR 68742). The final rule 

provided that a bank makes a loan if, as 

of the date of origination, it (1) is named 

as the lender in the loan agreement or 

(2) funds the loan. The final rule became 

effective on December 29, 2020. 

The United States Senate passed a 

joint resolution (S.J. Res. 15) on May 11, 

2021 disapproving of the rule under the 

Congressional Review Act (CRA) (5 

U.S.C. 801 et seq.). The United States 

House of Representative passed S.J. Res. 

15 on June 24, 2021. President Joseph R. 

Biden signed the joint resolution into 

law as Public Law 117–24 on June 30, 

2021. Under the joint resolution and by 

operation of the CRA, the rule has no 

legal force or effect. Accordingly, the 

OCC is hereby removing 12 CFR 7.1031 

from the Code of Federal Regulations 

(CFR). 

This action is not an exercise of the 

OCC’s rulemaking authority under the 

Administrative Procedure Act (APA) 

because the OCC is not ‘‘formulating, 

amending, or repealing a rule’’ under 5 

U.S.C. 551(5). Rather, the OCC is 

effectuating changes to the CFR to 

reflect what congressional action has 

already accomplished. Accordingly, the 

OCC is not soliciting comments on this 

action, nor is it delaying the effective 

date. 

List of Subjects in 12 CFR Part 7 

Computer technology, Credit, 

Derivatives, Federal savings 

associations, Insurance, Investments, 

Metals, National banks, Reporting and 

recordkeeping requirements, Securities, 

Security bonds. 

Office of the Comptroller of the 

Currency 

For the reasons set forth above, and 

pursuant to the CRA (5 U.S.C. 801 et 

seq.) and Public Law 117–24, 135 Stat. 

296, the OCC amends 12 CFR part 7 as 

follows: 

PART 7—ACTIVITIES AND 

OPERATIONS 

■ 1. The authority citation for part 7 

continues to read as follows: 

Authority: 12 U.S.C. 1 et seq., 25b, 29, 71, 

71a, 92, 92a, 93, 93a, 95(b)(1), 371, 371d, 481, 

484, 1462a, 1463, 1464, 1465, 1818, 1828, 

3102(b), and 5412(b)(2)(B). 

§ 7.1031 [Removed] 

■ 2. Remove § 7.1031. 

Michael J. Hsu, 

Acting Comptroller of the Currency. 

[FR Doc. 2021–16619 Filed 8–4–21; 8:45 am] 

BILLING CODE 4810–33–P 


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