118th Congress · HOUSE JOINT RESOLUTIONBILL

H.J.Res. 66Disapproving the rule submitted by the Consumer Financial Protection Bureau relating to "Small Business Lending Under the Equal Credit Opportunity Act (Regulation B)".

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

Finance and financial sector
Introduced May 31, 2023
Last action Nov 28, 2023
Pipeline · Bill → Law
Step 1
Introduced
May 31, 2023
Step 2
Referred
May 31, 2023
Financial Services
Step 3
Committee
Jul 27, 2023
Reported out
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS 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.

Provisions · 1 sectionsReported to House
Timeline · 6 actions
Nov 28, 2023
Reported by the Committee on Financial Services. H. Rept. 118-279.
Nov 28, 2023
Placed on the Union Calendar, Calendar No. 224.
Jul 27, 2023
Committee Consideration and Mark-up Session Held
Jul 27, 2023
Ordered to be Reported by the Yeas and Nays: 29 - 21.
May 31, 2023
Introduced in House
May 31, 2023
Referred to the House Committee on Financial Services.