H.J.Res. 35 · 117th Congress · House

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".

Active· Referred to the House Committee on Financial Services.
Introduced
Mar 26, 21
Passed House
Pending
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Frequently Asked

The basics

›Who introduced it, and what's their district or state?
Jesús García (Democratic-IL-4).
›Is this a Republican bill, a Democratic bill, or bipartisan?
Single-party (Democratic).
›When was it introduced?
Introduced on March 26, 2021.

Political context

›Is there a companion bill in the other chamber?
No companion bill recorded.

Legislative process

›What committee(s) have jurisdiction?
Referred to: Financial Services Committee.
›Where is it in the legislative process right now?
Referred to the House Committee on Financial Services.
›Has it been marked up, reported, or scheduled for a floor vote?
No committee markup recorded yet.

Practical actions

›How did my representative vote (if there's been a vote)?
See the Votes tab for individual member positions when a roll-call vote is recorded.
›How can I contact my member of Congress about it?
Use the U.S. Senate or House contact directory to reach your representative. Sponsor (Jesús García) profile: https://bioguide.congress.gov/search/bio/G000586.

Executive 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.