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
Floor votes
How they voted
No floor votes recorded yet.
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
Role
Legislator
Party
State
District
P
Roger Williams
RRepublican
Co
Alexander X. Mooney
RRepublican
Co
Andrew Ogles
RRepublican
Co
Andy Barr
RRepublican
Co
Ann Wagner
RRepublican
Co
August Pfluger
RRepublican
Co
Barry Moore
RRepublican
Co
Beth Van Duyne
RRepublican
Co
Blaine Luetkemeyer
RRepublican
Co
Brad Finstad
RRepublican
Co
Bryan Steil
RRepublican
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