S.J.Res. 203 — 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".

S.J.Res. 203 — 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". | JustPolicyThe main purpose of this legislative text is to express Congress's disapproval of a specific rule issued by the Office of the Comptroller of the Currency (OCC). This rule pertains to how state laws regarding interest on escrow accounts are treated in relation to federal regulations. Essentially, Congress is aiming to prevent this rule from being enforced.