HJRES 66 United States House · 118th Congress

Disapproving the rule submitted by the Consumer Financial Protection Bureau relating to "Small Business Lending Under the Equal Credit Opportunity Act (Regulation B)".

H.J.Res. 66 disapproves a specific rule issued by the Consumer Financial Protection Bureau (CFPB) regarding small business lending under the Equal Credit Opportunity Act (Regulation B). The resolution, if passed, would prevent this CFPB rule from taking effect by declaring it "have no force or effect." The rule in question (88 Fed. Reg. 35150) aimed to clarify how lenders must evaluate small business loan applications under existing equal credit laws. This disapproval directly affects the CFPB's regulatory authority and would block the rule's implementation for small business lenders and financial institutions.
Bill status in committee 1 of 4 stages cleared
Introduction
May 2023
Committee Review
Floor Vote
President
Introduced May 31, 2023 Last action Nov 28, 2023
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Full legislative history

Actions timeline

Total actions
6
Key actions
2
Committee
3
Nov 28, 2023
Lower · Passed
Reported by the Committee on Financial Services. H. Rept. 118-279.
lower
Jul 27, 2023
Lower · Passed
Committee Consideration and Mark-up Session Held
lower
May 31, 2023
Committee
Referred to the House Committee on Financial Services.
lower
May 31, 2023
Introduced
Introduced in House
lower
1 primary · 39 co-sponsors

Sponsors