HJRES 85
118th Congress
House
Finance and Financial Sector
Banking and financial institutions regulation
Congressional-executive branch relations
Consumer Financial Protection Bureau
Credit and credit markets
Small business
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)".
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 25, 2023
Referred to the House Committee on Financial Services.
Aug 25, 2023
Introduced in House
Plain-English summary
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.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1