Disapproving the rule submitted by the Consumer Financial Protection Bureau relating to "Small Business Lending Under the Equal Credit Opportunity Act (Regulation B)".

Bill: 118-hjres-66
Sponsor: full_name: Rep. Williams, Roger [R-TX-25]
Introduced: 2023-05-31
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: 2023-11-28
text: Placed on the Union Calendar, Calendar No. 224.

Summaries:
action_date: 2023-05-31
action_desc: Introduced in House
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: 2023-11-28
action_desc: Reported to 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: IB Union Calendar No. 224 118th CONGRESS 1st Session H. J. RES. 66 [Report No. 118–279] IN THE HOUSE OF REPRESENTATIVES May 31, 2023 Mr. Williams of Texas (for himself, Mr. Barr , and Mr. Ogles ) submitted the following joint resolution; which was referred to the Committee on Financial Services November 28, 2023 Additional sponsors: Mr. Sessions , Mr. Finstad , Ms. De La Cruz , Mr. Steil , Mr. Meuser , Mr. Brecheen , Mr. Johnson of Louisiana , Mr. Davidson , Mr. Luetkemeyer , Mr. Hill , Mr. Norman , Mr. Jackson of Texas , Mr. Fitzgerald , Mr. Ezell , Mr. Feenstra , Mr. Flood , Mr. Kustoff , Mr. Armstrong , Mr. Johnson of South Dakota , Mr. Grothman , Ms. Hageman , Mr. Gallagher , Mrs. Wagner , Mr. Moore of Alabama , Mr. Mooney , Mr. Cloud , Mr. Moolenaar , Mrs. Miller-Meeks , Mr. Arrington , Ms. Van Duyne , Mr. Guest , Mr. Yakym , Mr. Pfluger , Mr. Moran , Mr. Burgess , Mr. Kelly of Mississippi , and Mr. Dunn of Florida November 28, 2023 Reported from the Committee on Financial Services ; committed to the Committee of the Whole House on the State of the Union and ordered to be printed JOINT RESOLUTION Disapproving the rule submitted by the Consumer Financial Protection Bureau relating to Small Business Lending Under the Equal Credit Opportunity Act (Regulation B) .

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

November 28, 2023 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed

tv_txt: IA 118th CONGRESS 1st Session H. J. RES. 66 IN THE HOUSE OF REPRESENTATIVES May 31, 2023 Mr. Williams of Texas (for himself, Mr. Barr , and Mr. Ogles ) submitted the following joint resolution; which was referred to the Committee on Financial Services JOINT RESOLUTION Disapproving the rule submitted by the Consumer Financial Protection Bureau relating to Small Business Lending Under the Equal Credit Opportunity Act (Regulation B) .

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