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)".

Bill: 118-sjres-32
Sponsor: full_name: Sen. Kennedy, John [R-LA]
Introduced: 2023-06-13
Policy area: Finance and Financial Sector
Subjects: Banking and financial institutions regulation

Congressional-executive branch relations

Consumer Financial Protection Bureau

Credit and credit markets

Small business
Latest action: action_date: 2024-01-10
text: Failed of passage in Senate over veto by Yea-Nay Vote. 54 - 45. Record Vote Number: 5.

Summaries:
action_date: 2023-06-13
action_desc: Introduced in Senate
text: <p>This joint resolution nullifies the final rule issued by the Consumer Financial Protection Bureau titled <i>Small Business Lending under the Equal Credit Opportunity Act (Regulation B)</i> 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.</p>

action_date: 2023-10-18
action_desc: Passed Senate
text: <p>This joint resolution nullifies the final rule issued by the Consumer Financial Protection Bureau titled <i>Small Business Lending under the Equal Credit Opportunity Act (Regulation B)</i> 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.</p>

action_date: 2023-12-01
action_desc: Passed House
text: <p>This joint resolution nullifies the final rule issued by the Consumer Financial Protection Bureau titled <em>Small Business Lending under the Equal Credit Opportunity Act (Regulation B)</em> 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.</p>

tv_txt: One Hundred Eighteenth Congress of the United States of America 1st Session Begun and held at the City of Washington on Tuesday, the third day of January, two thousand and twenty three S. J. RES. 32 IN THE SENATE OF THE UNITED STATES 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) .

That Congress disapproves the rule submitted by the Bureau of Consumer Financial Protection relating to Small Business Lending Under the Equal Credit Opportunity Act (Regulation B) (88 Fed. Reg. 35150 (May 31, 2023)), 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

tv_txt: 118th CONGRESS 1st Session S. J. RES. 32 IN THE SENATE OF THE UNITED STATES 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) .

That Congress disapproves the rule submitted by the Bureau of Consumer Financial Protection relating to Small Business Lending Under the Equal Credit Opportunity Act (Regulation B) (88 Fed. Reg. 35150 (May 31, 2023)), and such rule shall have no force or effect.

Passed the Senate October 18, 2023. Secretary

tv_txt: IIA Calendar No. 228 118th CONGRESS 1st Session S. J. RES. 32 IN THE SENATE OF THE UNITED STATES June 13, 2023 Mr. Kennedy (for himself, Ms. Lummis , Mrs. Fischer , Mr. Cramer , Mr. Risch , Mr. Crapo , Mr. Cassidy , Mr. Scott of South Carolina , Mr. Daines , Mr. Vance , Mr. Thune , Mrs. Hyde-Smith , Mr. Barrasso , Mr. Wicker , Mr. Rubio , Mr. Lee , Mr. Moran , Mr. Lankford , Mr. Scott of Florida , Mr. Budd , Mr. Boozman , Mr. Tillis , Mr. Marshall , Mrs. Britt , Mr. Hagerty , Mr. Braun , Mr. Cornyn , Ms. Ernst , Mrs. Capito , Mr. Ricketts , Mr. Hawley , Mrs. Blackburn , Mr. Schmitt , Mr. Cotton , Mr. Grassley , Mr. McConnell , Mr. Johnson , Mr. Tuberville , Mr. Hoeven , Mr. Romney , Mr. Mullin , Mr. Young , Mr. Rounds , Mr. Cruz , Mr. Sullivan , and Mr. Graham ) introduced the following joint resolution; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs October 17, 2023 Committee discharged, by petition, pursuant to 5 U.S.C. 802(c), and placed on the calendar 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) .

That Congress disapproves the rule submitted by the Bureau of Consumer Financial Protection relating to Small Business Lending Under the Equal Credit Opportunity Act (Regulation B) (88 Fed. Reg. 35150 (May 31, 2023)), and such rule shall have no force or effect.

October 17, 2023 Committee discharged, by petition, pursuant to 5 U.S.C. 802(c), and placed on the calendar

tv_txt: IIA 118th CONGRESS 1st Session S. J. RES. 32 IN THE SENATE OF THE UNITED STATES June 13, 2023 Mr. Kennedy (for himself, Ms. Lummis , Mrs. Fischer , Mr. Cramer , Mr. Risch , Mr. Crapo , Mr. Cassidy , Mr. Scott of South Carolina , Mr. Daines , Mr. Vance , Mr. Thune , Mrs. Hyde-Smith , Mr. Barrasso , Mr. Wicker , Mr. Rubio , Mr. Lee , Mr. Moran , Mr. Lankford , Mr. Scott of Florida , Mr. Budd , Mr. Boozman , Mr. Tillis , Mr. Marshall , Mrs. Britt , Mr. Hagerty , Mr. Braun , Mr. Cornyn , Ms. Ernst , and Mrs. Capito ) introduced the following joint resolution; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs 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) .

That Congress disapproves the rule submitted by the Bureau of Consumer Financial Protection relating to Small Business Lending Under the Equal Credit Opportunity Act (Regulation B) (88 Fed. Reg. 35150 (May 31, 2023)), and such rule shall have no force or effect.