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.
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.
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.
(consideration: CR S66-67)
Failed of passage in Senate over veto by Yea-Nay Vote. 54 - 45. Record Vote Number: 5.
54 - 45. Record Vote Number: 5.
Ordered held at the desk. (text: CR S6048)
Res. 891. (consideration: CR H6055-6062)
5283, H.R. 5961 and S.J. Res. 32. The resolution provides for consideration of H.R. 5283 and H.R. 5961 under a structured rule and S. J. Res. 32 under a closed rule. Rule provides for one hour of general debate on each measure with one motion to recommit on H.R. 5283 and H.R. 5961 and one motion to commit on S. J. Res. 32.
On passage Passed by the Yeas and Nays: 221 - 202, 1 Present (Roll no. 690). (text: CR H6055)
221 - 202, 1 Present (Roll no. 690). (text: CR H6055)
Res. 891 passed House.
Res. 891 Reported to House. Rule provides for consideration of H.R. 5283, H.R. 5961 and S.J. Res. 32. The resolution provides for consideration of H.R. 5283 and H.R. 5961 under a structured rule and S. J. Res. 32 under a closed rule. Rule provides for one hour of general debate on each measure with one motion to recommit on H.R. 5283 and H.R. 5961 and one motion to commit on S. J. Res. 32.
Passed Senate without amendment by Yea-Nay Vote. 53 - 44. Record Vote Number: 260.(consideration: CR S5055, S5061-5062; text: CR S5062)
260. (consideration: CR S5055, S5061-5062; text: CR S5062)