HJR85: 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)".
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
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)".
Plain-language summary
This bill would reject a rule created by the Bureau of Consumer Financial Protection about fair lending practices for small business loans. The rule, called Regulation B under the Equal Credit Opportunity Act, sets standards for how lenders treat small business loan applicants. Congress can use a special process called disapproval to overturn executive agency rules they disagree with. This bill is currently in the introduced stage, meaning it has been formally submitted but not yet reviewed by a .
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HJR85: Providing for congressional disapproval under chapter 8 of title 5, United Stat…