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.

8/10/2022, 11:26 PM

Congressional Summary of HJRES 90

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.

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Current Status of Bill HJRES 90

Bill HJRES 90 is currently in the status of Bill Introduced since June 11, 2020. Bill HJRES 90 was introduced during Congress 116 and was introduced to the House on June 11, 2020. Bill HJRES 90's most recent activity was Motion to proceed to consideration of measure rejected in Senate by Yea-Nay Vote. 43 - 48. Record Vote Number: 201. as of October 19, 2020

Bipartisan Support of Bill HJRES 90

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HJRES 90

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Administrative law and regulatory procedures

- Bank accounts, deposits, capital

- Banking and financial institutions regulation

- Business investment and capital

- Congressional oversight

- Credit and credit markets

- Department of the Treasury

Alternate Title(s) of Bill HJRES 90

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.

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".