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".
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Summary
Based on the bill's title, this is a congressional disapproval resolution under the Congressional Review Act targeting a regulatory rule issued by the Office of the Comptroller of the Currency (OCC) concerning state laws that require interest to be paid on funds held in escrow accounts. If passed, the resolution would invalidate the OCC's preemption determination and prevent the agency from enforcing or reissuing the rule without further congressional action.
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