SJRES 203 United States Senate · 119th Congress

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".

This joint resolution seeks to block a specific rule issued by the Office of the Comptroller of the Currency regarding how federal banking laws interact with state interest-on-escrow laws. If passed, the measure would declare the federal rule invalid and prevent it from taking effect. The primary impact would be to allow states to maintain their own regulations on interest earned on escrow accounts without interference from this particular federal directive.
Bill status in committee 1 of 4 stages cleared
Introduction
Jul 2026
Committee Review
Floor Vote
President
Introduced Jul 29, 2026 Last action Jul 29, 2026
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Total actions
2
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Committee
1
Jul 29, 2026
Committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
upper
Jul 29, 2026
Introduced
Introduced in Senate
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
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P
Photo of Jack Reed
Jack Reed
DDemocratic
RI
n/a