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.
[117th Congress Public Law 24]
[From the U.S. Government Publishing Office]



[[Page 135 STAT. 296]]

Public Law 117-24
117th Congress

                            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''. <<NOTE: June 30, 2021 -  [S.J. Res. 15]>> 

    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 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.

    Approved June 30, 2021.

LEGISLATIVE HISTORY--S.J. Res. 15:
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CONGRESSIONAL RECORD, Vol. 167 (2021):
            May 11, considered and passed Senate.
            June 24, considered and passed House.
DAILY COMPILATION OF PRESIDENTIAL DOCUMENTS (2021):
            June 30, Presidential remarks.

                                  <all>
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".
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".
Official Titles - Senate
Official Title as Introduced
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".
Sen. Van Hollen, Chris