Bill
Bill > HJRes85
US HJRes85
US HJRes85Providing 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
08/25/2023
08/25/2023
In Committee
08/25/2023
08/25/2023
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 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 requirements for small business lending under the Equal Credit Opportunity Act, also known as Regulation B. By disapproving this rule under Chapter 8 of Title 5 of the U.S. Code, Congress is preventing it from becoming law and having any legal impact.
Committee Categories
Business and Industry
Sponsors (3)
Last Action
Referred to the House Committee on Financial Services. (on 08/25/2023)
bill text
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-joint-resolution/85/all-info |
| BillText | https://www.congress.gov/118/bills/hjres85/BILLS-118hjres85ih.pdf |
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