H.J.Res. 90
FailedProviding 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".
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
Topics & Subjects
Congressional Votes (2)
On the Motion to Proceed
October 19, 2020
On Passage
June 29, 2020
Related Federal Spending
Sponsor & Cosponsors (83)
Party Breakdown
Sponsor
Cosponsors (82)
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