SJRES 47
115th Congress
Senate
Finance and Financial Sector
Administrative law and regulatory procedures
Alternative dispute resolution, mediation, arbitration
Business records
Congressional oversight
Consumer Financial Protection Bureau
Consumer credit
Financial services and investments
Government information and archives
A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements".
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 20, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 20, 2017
Introduced in Senate
Plain-English summary
This joint resolution nullifies a rule submitted by the Consumer Financial Protection Bureau (CFPB) regarding arbitration agreements.
(The rule regulates the use of arbitration agreements in contracts for specific consumer financial products and services. It prohibits the use of a predispute arbitration agreement to prevent a consumer from filing or participating in certain class action suits. The rule also requires consumer financial product and service providers to furnish the CFPB with particular information regarding arbitrations.)
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1