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Bill > HJRes50
US HJRes50
US HJRes50Providing 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
Introduced
04/03/2023
04/03/2023
In Committee
04/03/2023
04/03/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
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)’’.
AI Summary
This Joint Resolution, passed by Congress, formally rejects and nullifies a specific regulation proposed by the Bureau of Consumer Financial Protection (BCFP), an agency tasked with protecting consumers in the financial sector. The rejected rule, known as "Small Business Lending Under the Equal Credit Opportunity Act (Regulation B)," aimed to implement new requirements for how businesses, particularly small ones, are offered loans. By disapproving this rule under Chapter 8 of Title 5 of the U.S. Code, Congress is preventing the BCFP's regulation from taking effect, meaning it will have no legal standing or impact.
Committee Categories
Business and Industry
Sponsors (30)
Roger Williams (R)*,
Kelly Armstrong (R),
Andy Barr (R),
Josh Brecheen (R),
Warren Davidson (R),
Monica De La Cruz (R),
Byron Donalds (R),
Mike Ezell (R),
Brad Finstad (R),
Scott Fitzgerald (R),
Mike Flood (R),
Mike Gallagher (R),
Bob Good (R),
Paul Gosar (R),
Michael Guest (R),
Harriet Hageman (R),
French Hill (R),
Ronny Jackson (R),
Dusty Johnson (R),
Mike Johnson (R),
Trent Kelly (R),
David Kustoff (R),
Blaine Luetkemeyer (R),
Dan Meuser (R),
Barry Moore (R),
Ralph Norman (R),
Andy Ogles (R),
Bill Posey (R),
Pete Sessions (R),
Bryan Steil (R),
Last Action
Referred to the House Committee on Financial Services. (on 04/03/2023)
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| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-joint-resolution/50/all-info |
| BillText | https://www.congress.gov/118/bills/hjres50/BILLS-118hjres50ih.pdf |
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