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".

Bill: 117-sjres-15
Sponsor: full_name: Sen. Van Hollen, Chris [D-MD]
Introduced: 2021-03-25
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: 2021-06-30
text: Became Public Law No: 117-24.

Summaries:
action_date: 2021-03-25
action_desc: Introduced in Senate
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>

action_date: 2021-05-11
action_desc: Passed Senate
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>

action_date: 2021-06-24
action_desc: Passed 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>

action_date: 2021-06-30
action_desc: Public Law
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: IIA 117th CONGRESS 1st Session S. J. RES. 15 IN THE SENATE OF THE UNITED STATES March 25, 2021 Mr. Van Hollen (for himself, Mr. Brown , Mr. Reed , Ms. Warren , Ms. Cortez Masto , Ms. Smith , and Mrs. Feinstein ) introduced the following joint resolution; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs 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 .

That Congress disapproves the rule submitted by the Office of the Comptroller of Currency relating to National Banks and Federal Savings Associations as Lenders (85 Fed. Reg. 68742 (October 30, 2020)), and such rule shall have no force or effect.

tv_txt: 117th CONGRESS 1st Session S. J. RES. 15 IN THE SENATE OF THE UNITED STATES 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 .

That Congress disapproves the rule submitted by the Office of the Comptroller of Currency relating to National Banks and Federal Savings Associations as Lenders (85 Fed. Reg. 68742 (October 30, 2020)), and such rule shall have no force or effect.

Passed the Senate May 11, 2021. Secretary

tv_txt: IIA Calendar No. 57 117th CONGRESS 1st Session S. J. RES. 15 IN THE SENATE OF THE UNITED STATES March 25, 2021 Mr. Van Hollen (for himself, Mr. Brown , Mr. Reed , Ms. Warren , Ms. Cortez Masto , Ms. Smith , Mrs. Feinstein , Mr. Durbin , Mr. Whitehouse , and Mr. Merkley ) introduced the following joint resolution; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs May 11, 2021 Committee discharged, by petition, pursuant to 5 U.S.C. 802(c) , and placed on the calendar 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 .

That Congress disapproves the rule submitted by the Office of the Comptroller of Currency relating to National Banks and Federal Savings Associations as Lenders (85 Fed. Reg. 68742 (October 30, 2020)), and such rule shall have no force or effect.

May 11, 2021 Committee discharged, by petition, pursuant to 5 U.S.C. 802(c) , and placed on the calendar

tv_txt: One Hundred Seventeenth Congress of the United States of America 1st Session Begun and held at the City of Washington on Sunday, the third day of January, two thousand and twenty one S. J. RES. 15 IN THE SENATE OF THE UNITED STATES 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 .

That Congress disapproves the rule submitted by the Office of the Comptroller of Currency relating to National Banks and Federal Savings Associations as Lenders (85 Fed. Reg. 68742 (October 30, 2020)), and such rule shall have no force or effect.

Speaker of the House of Representatives Vice President of the United States and President of the Senate