HJRES 111 · 115th Congress · Finance and Financial Sector
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".
Bill Progress
1
Introduced2
Committee✓
House Vote✓
Senate✓
EnactedLatest: Became Public Law No: 115-74.(2017-11-01)
Recorded Votes
PassedSenate · 2017-10-24
Roll #249 ↗Yea 51Nay 50
PassedSenate · 2017-10-24
Roll #249 ↗Yea 51Nay 50
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Plain Language Summary
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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.)…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (20)
20 Republicans