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 journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Apr 3, 2023)
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.
What just happenedApr 3, 2023
Referred to the House Committee on Financial Services.
Who’s behind it
- Introduced in HouseApr 3, 2023
- Apr 3, 2023IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Apr 3, 2023IntroReferralIntro-H
Introduced in House
- Apr 3, 2023IntroReferral1000
Introduced in House