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Main Subject: Finance and financial sector

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.

HJRES50-118, SJRES32-118, HJRES85-118,

House floor actions Actions

Calendars
Nov. 28 2023	Placed on the Union Calendar, Calendar No. 224.

Committee
Nov. 28 2023	Reported by the Committee on Financial Services. H. Rept. 118-279.

IntroReferral
May. 31 2023	Referred to the House Committee on Financial Services.

Library of Congress Actions

Committee
Nov. 28 2023	Reported by the Committee on Financial Services. H. Rept. 118-279.

IntroReferral
May. 31 2023	Introduced in House Introduced in House

House committee actions Actions

Committee
Jul. 27 2023	Ordered to be Reported by the Yeas and Nays: 29 - 21. Committee Consideration and Mark-up Session Held

House bill HJRES66-118

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

House bill HJRES66-118

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

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