House
Aug 25, 2023

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)".

Summary

Official

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.

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Bill Progress

Bill has been introduced and assigned a number

Introduced(8/25/23)
Committee
Passed House
Passed Senate
President
Law

Sponsor

RW

Mr. Williams

House (R) Texas – 25

Cosponsors (2)

Topics

Latest Action

Referred to the House Committee on Financial Services.

Aug 25, 2023