S.J.Res. 32 passed both chambers and was vetoed on Dec 19, 2023
A joint resolution 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)".
Written by the Congressional Research Service [2]. 81 words.
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.
- Committees
- Senate Banking, Housing, and Urban Affairs Committee
- Policy area
- Finance and Financial Sector: 53 of 3,256 bills became law, 113th–118th (1.6%)
- Sponsor
- 13 of 329 bills enacted since 2013
- Text versions
- 4, from enrolled bill to engrossed in senate · 42 words
- Subjects
- Banking and financial institutions regulationCongressional-executive branch relationsConsumer Financial Protection BureauCredit and credit marketsSmall business
- Latest action
- Jan 10, 2024: Failed of passage in Senate over veto by Yea-Nay Vote. 54 - 45. Record Vote Number: 5.
- Records
- Congress.gov · Bill text
Each bill appears once, under its strongest link. 4 in all.
Identical or companion · 2
- 118th H.J.Res. 50 Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Fina R · Introduced
- 118th H.J.Res. 85 Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Fina R · Introduced
Procedural (rules, motions) · 1
- 118th H.Res. 891 Providing for consideration of the bill (H.R. 5283) to prohibit the use of Federal funds to provide housing to specified aliens on any land R · Agreed to
Related, per CRS or House · 1
- 118th H.J.Res. 66 Disapproving the rule submitted by the Consumer Financial Protection Bureau relating to "Small Business Lending Under the Equal Credit Oppor R · Reported