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US SJRes32

US SJRes32
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)".


summary

Introduced
06/13/2023
In Committee
06/13/2023
Crossed Over
10/25/2023
Passed
12/14/2023
Dead
Vetoed
12/19/2023

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 both the Senate and the House of Representatives, formally disapproves a specific rule proposed by the Bureau of Consumer Financial Protection (BCFP), an agency tasked with protecting consumers in the financial sector. The rule in question, published in the Federal Register on May 31, 2023, concerned "Small Business Lending Under the Equal Credit Opportunity Act (Regulation B)," which is a regulation designed to prevent discrimination in credit transactions. By disapproving this rule under Chapter 8 of Title 5 of the U.S. Code, Congress is effectively preventing it from becoming law and having any legal impact.

Committee Categories

Housing and Urban Affairs

Sponsors (46)

John Neely Kennedy (R)* John Barrasso (R),  Marsha Blackburn (R),  John Boozman (R),  Katie Boyd Britt (R),  Mike Braun (R),  Ted Budd (R),  Shelley Moore Capito (R),  Bill Cassidy (R),  John Cornyn (R),  Tom Cotton (R),  Kevin Cramer (R),  Mike Crapo (R),  Ted Cruz (R),  Steve Daines (R),  Joni Ernst (R),  Deb Fischer (R),  Lindsey Graham (R),  Chuck Grassley (R),  Bill Hagerty (R),  Josh Hawley (R),  John Hoeven (R),  Cindy Hyde-Smith (R),  Ron Johnson (R),  James Lankford (R),  Mike Lee (R),  Cynthia Lummis (R),  Roger Marshall (R),  Mitch McConnell (R),  Jerry Moran (R),  Markwayne Mullin (R),  Pete Ricketts (R),  Jim Risch (R),  Mitt Romney (R),  Mike Rounds (R),  Marco Rubio (R),  Eric Schmitt (R),  Rick Scott (R),  Tim Scott (R),  Dan Sullivan (R),  John Thune (R),  Thom Tillis (R),  Tommy Tuberville (R),  J.D. Vance (R),  Roger Wicker (R),  Todd Young (R), 

Last Action

Failed of passage in Senate over veto by Yea-Nay Vote. 54 - 45. Record Vote Number: 5. (on 01/10/2024)

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