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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 the Currency relating to "Preemption Determination: State Interest-on-Escrow Laws".
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 ``Preemption Determination: State Interest-on-Escrow Laws''.
Summary
- Disapproves the Office of the Comptroller of the Currency's rule on "Preemption Determination: State Interest-on-Escrow Laws" published in the Federal Register on May 19, 2026.
- Provides that the disapproved rule shall have no force or effect.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Sen. Reed, Jack [D-RI] (D-RI)
Actions (2)
- Jul 29, 2026 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. · senate
- Jul 29, 2026 Introduced in Senate
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Text versions (1)
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Full text
IN THE SENATE OF THE UNITED STATES
July 29, 2026
Mr. Reed introduced the following joint resolution; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs
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 the Currency relating to “Preemption Determination: State Interest-on-Escrow Laws”.
Resolved by the Senate and House of Representatives of the United States of America in Congress assembled, That Congress disapproves the rule submitted by the Office of the Comptroller of the Currency relating to “Preemption Determination: State Interest-on-Escrow Laws” (91 Fed. Reg. 29350 (May 19, 2026)), and such rule shall have no force or effect. <all>
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