SJRES 32 · 118th Congress · Finance and Financial Sector

A joint resolution 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)".

Introduced 2023-06-13· Sponsored by Sen. Kennedy, John [R-LA]· Senate

Bill Progress

1
Introduced
Committee
Senate Vote
4
House
5
Enacted
Latest: Failed of passage in Senate over veto by Yea-Nay Vote. 54 - 45. Record Vote Number: 5.(2024-01-10)

Recorded Votes

FailedSenate · 2024-01-10
Roll #5
Yea 54Nay 45
FailedSenate · 2024-01-10
Roll #5
Yea 54Nay 45
PassedHouse · 2023-12-01
Roll #690
Yea 221Nay 202
Democrats
6 Yea·202 Nay
Republicans
215 Yea·0 Nay
PassedHouse · 2023-12-01
Roll #690
Yea 221Nay 202
Democrats
6 Yea·202 Nay
Republicans
215 Yea·0 Nay

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Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

20 Republicans