S.J.RES. 15Signed Into LawFINANCE AND FINANCIAL SECTOR
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".
Administrative law and regulatory procedures · Banking and financial institutions regulation · Congressional oversight
Key facts
Introduced: Mar 25, 2021
Chamber: Senate
Cosponsors: 9
Congress: 117th
Latest action · Jun 30, 2021
Became Public Law No: 117-24.
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.
Summary by Congressional Research Service.
Floor Votes
House Roll Call #181 · Jun 24, 2021
House Roll Call #181 · Jun 24, 2021
Senate Roll Call #183 · May 11, 2021
Senate Roll Call #183 · May 11, 2021
Timeline
- Jun 30, 2021Became Public Law No: 117-24.
- Jun 30, 2021Became Public Law No: 117-24.
- Jun 30, 2021Signed by President.
- Jun 30, 2021Signed by President.
- Jun 30, 2021Presented to President.
- Jun 30, 2021Presented to President.
- Jun 24, 2021Motion to reconsider laid on the table Agreed to without objection.
- Jun 24, 2021On passage Passed by the Yeas and Nays: 218 - 208 (Roll no. 181). (text: CR H3100)
- Jun 24, 2021Passed/agreed to in House: On passage Passed by the Yeas and Nays: 218 - 208 (Roll no. 181).(text: CR H3100)
- Jun 24, 2021Considered as unfinished business. (consideration: CR H3114)
- Jun 24, 2021POSTPONED PROCEEDINGS - At the conclusion of debate on S.J.Res 15, the Chair put the question on passage of the bill and by voice vote, announced that the ayes had prevailed. Mr. McHenry demanded the yeas and nays and the Chair postponed further proceedings on passage of the bill until a time to be announced.
- Jun 24, 2021The previous question was ordered pursuant to the rule.
- Jun 24, 2021DEBATE - The House proceeded with one hour of debate on S.J. Res. 15.
- Jun 24, 2021The 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.
- Jun 24, 2021Considered under the provisions of rule H. Res. 486. (consideration: CR H3099-3110)
- Jun 23, 2021Rule H. Res. 486 passed House.
- Jun 22, 2021Rules 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.
- May 12, 2021Held at the desk.
- May 12, 2021Received in the House.
- May 12, 2021Message on Senate action sent to the House.
- May 11, 2021Passed Senate without amendment by Yea-Nay Vote. 52 - 47. Record Vote Number: 183. (text: CR S2441)
- May 11, 2021Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 52 - 47. Record Vote Number: 183.(text: CR S2441)
- May 11, 2021Measure laid before Senate by motion. (consideration: CR S2430-2431, S2436-2441)
- May 11, 2021Motion to proceed to consideration of measure agreed to in Senate by Voice Vote.
- May 11, 2021Placed on Senate Legislative Calendar under General Orders. Calendar No. 57.
Cosponsors
- Sen. Brown, Sherrod [D-OH] D-OH
- Sen. Reed, Jack [D-RI] D-RI
- Sen. Warren, Elizabeth [D-MA] D-MA
- Sen. Cortez Masto, Catherine [D-NV] D-NV
- Sen. Smith, Tina [D-MN] D-MN
- Sen. Feinstein, Dianne [D-CA] D-CA
- Sen. Durbin, Richard J. [D-IL] D-IL
- Sen. Whitehouse, Sheldon [D-RI] D-RI
- Sen. Merkley, Jeff [D-OR] D-OR
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