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118th Congress Finance and Financial Sector

H.J.Res. 50: Disapproval of Bureau of Consumer Financial Protection rule: Small Business Lending Under the Equal Credit Opportunity Act (Regulation B)

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)".

Introduced

  1. Introduced (completed)Apr 3, 2023
  2. Passed House (not reached)
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in House, Apr 3, 2023

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.

Written by the Congressional Research Service, Library of Congress.

Roll calls

0 votes on this bill

No roll call votes have been held on this bill.

Amendments

0 offered

No amendments were offered to this bill.

Cosponsors

29

Who scored on this bill

6 points earned
  1. 1Roger Williams R-TX SponsorIntroduced, reached a cosponsor milestone2 events+6
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Other bills by Roger Williams

History

  1. Apr 3, 2023Introduced in the House by Roger Williams.
Show the full action history (2 actions)
  1. Apr 3, 2023Introduced in House
  2. Apr 3, 2023Referred to the House Committee on Financial Services.