HJR66: Disapproving the rule submitted by the Consumer Financial Protection Bureau relating to "Small Business Lending Under the Equal Credit Opportunity Act (Regulation B)".

Plain-language summary

This bill would reject a new rule created by the Consumer Financial Protection Bureau (CFPB), a federal agency that oversees consumer financial practices, regarding how banks must treat small businesses when deciding whether to give them loans under the Equal Credit Opportunity Act. The Equal Credit Opportunity Act is a law that prohibits discrimination in lending based on protected characteristics like race or gender. The bill is currently in the introduction stage, meaning it has been formally proposed but not yet assigned to a committee for review.

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