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".

Bill: 117-hjres-35
Sponsor: full_name: Rep. Garcia, Jesus G. "Chuy" [D-IL-4]
Introduced: 2021-03-26
Policy area: Finance and Financial Sector
Subjects: Administrative law and regulatory procedures

Banking and financial institutions regulation

Congressional oversight

Credit and credit markets

Department of the Treasury
Latest action: action_date: 2021-03-26
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2021-03-26
action_desc: Introduced in House
text: <p>This joint resolution nullifies the final rule issued by the Office of the Comptroller of the Currency titled <em>National Banks and Federal Savings Associations as Lenders</em> 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.</p>

tv_txt: IA 117th CONGRESS 1st Session H. J. RES. 35 IN THE HOUSE OF REPRESENTATIVES March 26, 2021 Mr. García of Illinois submitted the following joint resolution; which was referred to the Committee on Financial Services 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 the Currency relating to National Banks and Federal Savings Associations as Lenders .

That Congress disapproves the rule submitted by the Office of the Comptroller of the Currency relating to National Banks and Federal Savings Associations as Lenders (85 Fed. Reg. 68742; published October 3, 2020), and such rule shall have no force or effect.