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 Community Reinvestment Act Regulations.

Bill: 116-hjres-90
Sponsor: Rep. Waters, Maxine [D-CA-43]
Introduced: 2020-06-11 in the House
Policy area: Finance and Financial Sector
Subjects: Administrative law and regulatory procedures
Bank accounts, deposits, capital
Banking and financial institutions regulation
Business investment and capital
Congressional oversight
Credit and credit markets
Department of the Treasury

Summary:
action_date: 2020-06-11
text: 
This joint resolution nullifies a rule published on June 5, 2020, by the Office of the Comptroller of the Currency within the Department of the Treasury. 
 
The rule generally revises the office's implementation of the Community Reinvestment Act (CRA), which requires banks to serve the credit needs of low- and moderate-income communities. Under the CRA, a bank receives credit, which influences the bank's performance rating, for conducting specified activities related to this requirement in designated assessment areas. 
 
Among other things, the rule revises qualifying CRA activities, sets forth new procedures for determining if an activity qualifies under the CRA, and expands designated assessment areas. 

action_date: 2020-06-29
text: 
This joint resolution nullifies a rule published on June 5, 2020, by the Office of the Comptroller of the Currency within the Department of the Treasury. 
 
The rule generally revises the office's implementation of the Community Reinvestment Act (CRA), which requires banks to serve the credit needs of low- and moderate-income communities. Under the CRA, a bank receives credit, which influences the bank's performance rating, for conducting specified activities related to this requirement in designated assessment areas. 
 
Among other things, the rule revises qualifying CRA activities, sets forth new procedures for determining if an activity qualifies under the CRA, and expands designated assessment areas. 


Legislative actions:
action_date: 2020-10-19
text: Motion to proceed to consideration of measure rejected in Senate by Yea-Nay Vote. 43 - 48. Record Vote Number: 201.
action_date: 2020-10-19
text: Motion to proceed to consideration of measure made in Senate. (CR S6052)
action_date: 2020-06-30
text: Received in the Senate.
action_date: 2020-06-29
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2020-06-29
text: On passage Passed by the Yeas and Nays: 230 - 179 (Roll no. 129). (text: 06/26/2020 CR H2571)
action_date: 2020-06-29
text: Passed/agreed to in House: On passage Passed by the Yeas and Nays: 230 - 179 (Roll no. 129).(text: 06/26/2020 CR H2571)
action_date: 2020-06-29
text: Considered as unfinished business. (consideration: CR H2668-2669)
action_date: 2020-06-26
text: POSTPONED PROCEEDINGS - At the conclusion of debate on H.J. Res. 90, the Chair put the question on passage of the joint resolution and by voice vote, announced that the ayes had prevailed. Ms. Waters demanded the yeas and nays and the Chair postponed further proceedings on the joint resolution.
action_date: 2020-06-26
text: The previous question was ordered pursuant to the rule.
action_date: 2020-06-26
text: DEBATE - The House proceeded with one hour of debate on H.J. Res. 90.
action_date: 2020-06-26
text: Rule provides for consideration of H.R. 1425, H.R. 5332, H.R. 7120, H.R. 7301 and H.J. Res. 90. The resolution provides that the provisions of section 125(c) of the Uruguay Round Agreements Act shall not apply during the remainder of the 116th Congress and the resolution amends H.Res. 967, agreed to on May 15, 2020.
action_date: 2020-06-26
text: Considered under the provisions of rule H. Res. 1017. (consideration: CR H2571-2580; text: CR H2571)
action_date: 2020-06-25
text: Rule H. Res. 1017 passed House.
action_date: 2020-06-24
text: Rules Committee Resolution H. Res. 1017 Reported to House. Rule provides for consideration of H.R. 1425, H.R. 5332, H.R. 7120, H.R. 7301 and H.J. Res. 90. The resolution provides that the provisions of section 125(c) of the Uruguay Round Agreements Act shall not apply during the remainder of the 116th Congress and the resolution amends H.Res. 967, agreed to on May 15, 2020.
action_date: 2020-06-11
text: Referred to the House Committee on Financial Services.
action_date: 2020-06-11
text: Introduced in House
action_date: 2020-06-11
text: Introduced in House