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".

Bill: 115-hjres-111
Sponsor: full_name: Rep. Rothfus, Keith J. [R-PA-12]
Introduced: 2017-07-20
Policy area: Finance and Financial Sector
Subjects: 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
Latest action: action_date: 2017-11-01
text: Signed by President.

Summaries:
action_date: 2017-07-20
action_desc: Introduced in House
text: <p>This joint resolution nullifies a rule submitted by the Consumer Financial Protection Bureau (CFPB) regarding arbitration agreements. </p> <p>(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.)</p>

action_date: 2017-07-25
action_desc: Passed House without amendment
text: <p>(This measure has not been amended since it was introduced. The summary of that version is repeated here.)</p> <p>This joint resolution nullifies a rule submitted by the Consumer Financial Protection Bureau (CFPB) regarding arbitration agreements. </p> <p>(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.)</p>

action_date: 2017-10-24
action_desc: Passed Senate without amendment
text: <p>(This measure has not been amended since it was introduced. The summary of that version is repeated here.)</p> <p>This joint resolution nullifies a rule submitted by the Consumer Financial Protection Bureau (CFPB) regarding arbitration agreements. </p> <p>(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.)</p>

action_date: 2017-11-01
action_desc: Public Law
text: <p>(This measure has not been amended since it was introduced. The summary of that version is repeated here.)</p> <p>This joint resolution nullifies a rule submitted by the Consumer Financial Protection Bureau (CFPB) regarding arbitration agreements. </p> <p>(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.)</p>

tv_txt: IA 115th CONGRESS 1st Session H. J. RES. 111 IN THE HOUSE OF REPRESENTATIVES 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 .

That Congress disapproves the rule submitted by the Bureau of Consumer Financial Protection relating to Arbitration Agreements (82 Fed. Reg. 33210 (July 19, 2017)), and such rule shall have no force or effect.

Passed the House of Representatives July 25, 2017. Karen L. Haas, Clerk.

tv_txt: IA 115th CONGRESS 1st Session H. J. RES. 111 IN THE HOUSE OF REPRESENTATIVES July 20, 2017 Mr. Rothfus (for himself, Mr. Hensarling , Mr. King of New York , Mr. Royce of California , Mr. Lucas , Mr. McHenry , Mr. Pearce , Mr. Posey , Mr. Luetkemeyer , Mr. Huizenga , Mr. Duffy , Mr. Stivers , Mr. Hultgren , Mr. Ross , Mr. Pittenger , Mrs. Wagner , Mr. Barr , Mr. Messer , Mr. Tipton , Mr. Williams , Mr. Poliquin , Mrs. Love , Mr. Hill , Mr. Emmer , Mr. Zeldin , Mr. Trott , Mr. Loudermilk , Mr. Mooney of West Virginia , Mr. MacArthur , Mr. Davidson , Mr. Budd , Mr. Kustoff of Tennessee , Ms. Tenney , and Mr. Hollingsworth ) submitted the following joint resolution; which was referred to the Committee on Financial Services 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 .

That Congress disapproves the rule submitted by the Bureau of Consumer Financial Protection relating to Arbitration Agreements (82 Fed. Reg. 33210 (July 19, 2017)), and such rule shall have no force or effect.

tv_txt: IIA 115th CONGRESS 1st Session H. J. RES. 111 IN THE SENATE OF THE UNITED STATES July 25, 2017 Received 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 .

That Congress disapproves the rule submitted by the Bureau of Consumer Financial Protection relating to Arbitration Agreements (82 Fed. Reg. 33210 (July 19, 2017)), and such rule shall have no force or effect.

Passed the House of Representatives July 25, 2017. Karen L. Haas, Clerk.

tv_txt: IA One Hundred Fifteenth Congress of the United States of America At the First Session Begun and held at the City of Washington on Tuesday, the third day of January, two thousand and seventeen H. J. RES. 111 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 .

That Congress disapproves the rule submitted by the Bureau of Consumer Financial Protection relating to Arbitration Agreements (82 Fed. Reg. 33210 (July 19, 2017)), and such rule shall have no force or effect.

Speaker of the House of Representatives. Vice President of the United States and President of the Senate.