SJR32: 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)".
- Introduced
- Passed One Chamber
- Passed Both Chambers
- Became Law
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Bill information
Summary
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)".
Plain-language summary
This joint resolution would disapprove a new rule from the Bureau of Consumer Financial Protection (a federal agency overseeing consumer lending) about small business lending under equal credit opportunity laws. The rule, called Regulation B, addresses how lenders must treat small business loan applicants fairly. Congress can use this disapproval process, called a Congressional Review Act resolution, to reject rules from federal agencies. The resolution was vetoed by the President, meaning it did not become law.
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SJR32: A joint resolution providing for congressional disapproval under chapter 8 of t…
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Sponsors
John Kennedy
Primary SponsorCo-sponsors (45)
Cynthia Lummis
Deb Fischer
Kevin Cramer
James Risch
Mike Crapo