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".

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.

[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.J. Res. 35 Introduced in House (IH)]

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117th CONGRESS
  1st Session
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''.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 26, 2021

Mr. Garcia 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''.

    Resolved by the Senate and House of Representatives of the United 
States of America in Congress assembled, 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.
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