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H.J.Res. 50

Referred to Committee

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)".

Introduced 4/3/2023•118th Congress•House

Latest Action

Referred to the House Committee on Financial Services.

4/3/2023 • House

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.

Introduced in House • 4/3/2023

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Topics & Subjects

Banking and financial institutions regulationCongressional-executive branch relationsConsumer Financial Protection BureauCredit and credit marketsSmall business

Congressional Votes (0)

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Roll call votes will appear here as the bill moves through Congress

Related Federal Spending

Sponsor & Cosponsors (30)

Party Breakdown

0
Democrats
30
Republicans
0
Independents

Sponsor

R[
Rep. Williams, Roger [R-TX-25]

Republican • TX-25

Sponsored 4/3/2023

Cosponsors (29)

R[
Rep. Ogles, Andrew [R-TN-5]

R-TN-5

Joined 4/3/2023

R[
Rep. Barr, Andy [R-KY-6]

R-KY-6

Joined 4/3/2023

R[
Rep. Meuser, Daniel [R-PA-9]

R-PA-9

Joined 4/10/2023

R[
Rep. Luetkemeyer, Blaine [R-MO-3]

R-MO-3

Joined 4/10/2023

R[
Rep. Hill, J. French [R-AR-2]

R-AR-2

Joined 4/13/2023

R[
Rep. Fitzgerald, Scott [R-WI-5]

R-WI-5

Joined 4/13/2023