H.J.RES.35: 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".

About This Bill

  • Introduced March 26, 2021
  • Latest Major Action March 26, 2021

Bill Version

Bill Summary

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.

(Source: Library of Congress)

Bill Actions

Date Description
March 26, 2021
Referred to the House Committee on Financial Services.
March 26, 2021

Introduced in the House by Jesús García (D-Ill.)

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