Senate
Jul 20, 2017A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements".
Summary
Official
This joint resolution nullifies a rule submitted by the Consumer Financial Protection Bureau (CFPB) regarding arbitration agreements. (The rule regulates the use of arbitration agreements in contracts for specific consumer financial products and services. It prohibits the use of a predispute arbitration agreement to prevent a consumer from filing or participating in certain class action suits. The rule also requires consumer financial product and service providers to furnish the CFPB with particular information regarding arbitrations.)
Bill Progress
Bill has been introduced and assigned a number
Introduced(7/20/17)
Committee
Passed
House
Passed
Senate
President
Law
Sponsor
MC
Mr. Crapo
Senate (R) Idaho
Cosponsors (27)
Topics
Latest Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 20, 2017