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".
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.
Bill status
signed
all 5 stages cleared
Introduction
Mar 2021
Committee Review
Jun 2021
Senate Passage
May 2021
House Passage
Jun 2021
Signed into Law
Jun 2021
Introduced Mar 25, 2021
Signed Jun 30, 2021
Floor votes · Senate May 11, 2021 · House Jun 24, 2021
How they voted
52–47
Passed · 1 other
Total votes 100
May 11, 2021
D
Democratic46
97% Yea
I
Independent4
100% Yea
R
Republican50
94% Nay
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
26
Key actions
10
Committee
4
Jun 30, 2021
Signed into law
Signed by President.
executive
Jun 24, 2021
Lower · Passed
On passage Passed by the Yeas and Nays: 218 - 208 (Roll no. 181). (text: CR H3100)
lower
Jun 24, 2021
Lower · Passed
Passed/agreed to in House: On passage Passed by the Yeas and Nays: 218 - 208 (Roll no. 181).(text: CR H3100)
lower
Jun 24, 2021
Lower · Passed
The resolution provides for 1 hour of debate, orders the previous question, and allows a motion to recommit for each measure. Provides that H. Res. 485 is adopted. Provides that anytime through the legislative day of June 25, 2021, the Speaker may entertain motions offered by the Majority Leader or his designee that the House suspend the rules with respect to multiple measures that were the object of motions to suspend the rules on the legislative days of June 22 or 23, and on which the yeas and nays were ordered and further proceedings postponed.
lower
Jun 23, 2021
Lower · Passed
Rule H. Res. 486 passed House.
lower
Jun 22, 2021
Lower · Passed
Rules Committee Resolution H. Res. 486 Reported to House. The resolution provides for 1 hour of debate, orders the previous question, and allows a motion to recommit for each measure. Provides that H. Res. 485 is adopted. Provides that anytime through the legislative day of June 25, 2021, the Speaker may entertain motions offered by the Majority Leader or his designee that the House suspend the rules with respect to multiple measures that were the object of motions to suspend the rules on the legislative days of June 22 or 23, and on which the yeas and nays were ordered and further proceedings postponed.
lower
May 11, 2021
Upper · Passed
Passed Senate without amendment by Yea-Nay Vote. 52 - 47. Record Vote Number: 183. (text: CR S2441)
upper
May 11, 2021
Upper · Passed
Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 52 - 47. Record Vote Number: 183.(text: CR S2441)
upper
May 11, 2021
Upper · Passed
Senate Committee on Banking, Housing, and Urban Affairs discharged by petition pursuant to 5 U.S.C. 802(c).
upper
Apr 28, 2021
Upper · Passed
Committee on Banking, Housing, and Urban Affairs. Hearings held.
upper
Mar 25, 2021
Committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
upper
Mar 25, 2021
Introduced
Introduced in Senate
upper
1 primary · 9 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Chris Van Hollen
DDemocratic
Co
Catherine Cortez Masto
DDemocratic
Co
Dianne Feinstein
DDemocratic
Co
Elizabeth Warren
DDemocratic
Co
Jack Reed
DDemocratic
Co
Jeff Merkley
DDemocratic
Co
Richard J. Durbin
DDemocratic
Co
Sheldon Whitehouse
DDemocratic
Co
Sherrod Brown
DDemocratic
Co
Tina Smith
DDemocratic
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