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H.J.Res. 90

Failed

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 "Community Reinvestment Act Regulations".

Introduced 6/11/2020•116th Congress•House

Latest Action

Motion to proceed to consideration of measure rejected in Senate by Yea-Nay Vote. 43 - 48. Record Vote Number: 201.

10/19/2020 • Senate

Summary

This joint resolution nullifies a rule published on June 5, 2020, by the Office of the Comptroller of the Currency within the Department of the Treasury.

The rule generally revises the office's implementation of the Community Reinvestment Act (CRA), which requires banks to serve the credit needs of low- and moderate-income communities. Under the CRA, a bank receives credit, which influences the bank's performance rating, for conducting specified activities related to this requirement in designated assessment areas.

Among other things, the rule revises qualifying CRA activities, sets forth new procedures for determining if an activity qualifies under the CRA, and expands designated assessment areas.

Passed House • 6/29/2020

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Topics & Subjects

Administrative law and regulatory proceduresBank accounts, deposits, capitalBanking and financial institutions regulationBusiness investment and capitalCongressional oversightCredit and credit marketsDepartment of the Treasury

Related Federal Spending

Sponsor & Cosponsors (83)

Party Breakdown

83
Democrats
0
Republicans
0
Independents

Sponsor

R[
Rep. Waters, Maxine [D-CA-43]

Democrat • CA-43

Sponsored 6/11/2020

Cosponsors (82)

R[
Rep. Meeks, Gregory W. [D-NY-5]

D-NY-5

Joined 6/11/2020

R[
Rep. Garcia, Sylvia R. [D-TX-29]

D-TX-29

Joined 6/26/2020

R[
Rep. Davis, Danny K. [D-IL-7]

D-IL-7

Joined 6/26/2020

R[
Rep. Pressley, Ayanna [D-MA-7]

D-MA-7

Joined 6/26/2020

R[
Rep. Heck, Denny [D-WA-10]

D-WA-10

Joined 6/26/2020

Bill Journey

Originated in the House

Introduced

June 11, 2020

Committee Review

June 24, 2020

Floor Debate

June 26, 2020

Passed Chamber

June 25, 2020

Other Chamber

June 30, 2020

President

Enacted into Law

Text Versions (3)

Received in Senate6/30/2020
Engrossed in House6/29/2020
Introduced in House6/11/2020

Details

Bill TypeHJRES
Current StatusFailed
Cosponsors82