S.J.Res. 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)".
What it does
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.
Summary by the Congressional Research Service, Dec 1, 2023 (Passed House). CRS summarizes bills impartially; it does not take positions.
Roll call votes
| Date | Question | Party split (yea) | Result |
|---|---|---|---|
| Oct 18, 2023 Senate roll 260 |
On the Joint ResolutionA 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)". | D 3–43 · R 48–0 · I 2–1 |
Passed 53–44 |
| Dec 1, 2023 House roll 685 |
On PassageProviding 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)” | D 6–202 · R 215–0 |
Passed 221–202 |
| Jan 10, 2024 Senate roll 357 |
On Overriding the VetoA 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)". | D 3–44 · R 49–0 · I 2–1 |
Passed 54–45 |
Latest action
Jan 10, 2024 · Failed of passage in Senate over veto by Yea-Nay Vote. 54 - 45. Record Vote Number: 5.