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Congress Rejects Rule on Banks and Lenders

The United States Congress has rejected a rule concerning how national banks and federal savings associations operate as lenders. This means the specific rule will not take effect and will not impact how these institutions provide loans, maintaining the previous regulations.
Key points
Congress disapproved a rule about banks and lending.
The rejected rule will have no legal effect.
This prevents changes to how banks and savings associations act as lenders that the rule would have introduced.
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51%
VOTING RESULTS
2021-06-24
For 218
Against 208
Abstain 0
Full voting results open_in_new
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Status:
Became Law
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Additional Information
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".
Print number: SJRES 15
Sponsor: Sen. Van Hollen, Chris [D-MD]
Process start date: 2021-03-25
Voting date: 2021-06-24
Meeting no: 1
Voting no: 181
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-04-17
Source data: api.congress.gov
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Summary & Status

Key Questions about Congress Rejects Rule on Banks and Lenders

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is SJRES 15.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-03-25.

What are the main provisions?

Key points include:

  • Congress disapproved a rule about banks and lending.
  • The rejected rule will have no legal effect.
  • This prevents changes to how banks and savings associations act as lenders that the rule would have introduced.

What is the specific legal status?

The current status is Became Law.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Where is the official voting record?

The official roll call vote is recorded at: voting record

Who is the primary sponsor?

The primary sponsor is Sen. Van Hollen, Chris [D-MD].

What is the latest detailed status?

The latest detailed status is: Became Public Law No: 117-24.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

Analysis and Potential Impact of SJRES 15

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

CATEGORIES

Economy