Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to "Small Business Lending Under the Equal Credit Opportunity Act (Regulation B)".
Summary
This joint resolution nullifies the final rule issued by the Consumer Financial Protection Bureau titled Small Business Lending under the Equal Credit Opportunity Act (Regulation B) and published on May 31, 2023. The rule requires financial institutions to collect and report to the bureau credit application data for small businesses. On July 31, 2023, the U.S. District Court for the Southern District of Texas ordered the bureau not to implement or enforce the rule until a related pending case is resolved.
Bill status
in committee
1 of 4 stages cleared
Introduction
Apr 2023
Committee Review
Floor Vote
President
Introduced Apr 3, 2023
Last action Apr 3, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Apr 3, 2023
Committee
Referred to the House Committee on Financial Services.
lower
Apr 3, 2023
Introduced
Introduced in House
lower
1 primary · 29 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Roger Williams
RRepublican
Co
Andrew Ogles
RRepublican
Co
Andy Barr
RRepublican
Co
Barry Moore
RRepublican
Co
Bill Posey
RRepublican
Co
Blaine Luetkemeyer
RRepublican
Co
Bob Good
RRepublican
Co
Brad Finstad
RRepublican
Co
Bryan Steil
RRepublican
Co
Byron Donalds
RRepublican
Co
Daniel Meuser
RRepublican
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