Disapproving the rule submitted by the Consumer Financial Protection Bureau relating to "Small Business Lending Under the Equal Credit Opportunity Act (Regulation B)".
Latest action · Nov 28, 2023 Placed on the Union Calendar, Calendar No. 224.
Progress
Where this resolution reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 31, 2023
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors 39
Members who signed on, in the order they did. Signatures ran from May 31, 2023 to Nov 28, 2023, with 2 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-TN | Andrew Ogles | Original | May 31, 2023 |
| R-KY | Andy Barr | Original | May 31, 2023 |
| R-MO | Blaine Luetkemeyer | Jun 5, 2023 | |
| R-MN | Brad Finstad | Jun 5, 2023 | |
| R-WI | Bryan Steil | Jun 5, 2023 | |
| R-PA | Daniel Meuser | Jun 5, 2023 | |
| R-TN | David Kustoff | Jun 5, 2023 | |
| R-AR | J. French Hill | Jun 5, 2023 | |
| R-OK | Josh Brecheen | Jun 5, 2023 | |
| R-MS | Mike Ezell | Jun 5, 2023 | |
| R-NE | Mike Flood | Jun 5, 2023 | |
| R-LA | Mike Johnson | Jun 5, 2023 | |
| R-TX | Monica De La Cruz | Jun 5, 2023 | |
| R-TX | Pete Sessions | Jun 5, 2023 | |
| R-SC | Ralph Norman | Jun 5, 2023 |
Actions 6
Everything that happened, newest first.
- Nov 28, 2023Placed on the Union Calendar, Calendar No. 224.
- Nov 28, 2023Reported by the Committee on Financial Services. H. Rept. 118-279.
- Jul 27, 2023Committee Consideration and Mark-up Session Held
- Jul 27, 2023Ordered to be Reported by the Yeas and Nays: 29 - 21.
- May 31, 2023Introduced in House
Related bills 3
Companion bills and other measures the record links to this one.
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 2
Each version as it was printed, newest first.
- Nov 28, 2023Reported in House
- May 31, 2023Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this resolution on Congress.gov and govinfo.gov.