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United States · Bill · SJRES

S.J.Res. 32 (118th)

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)".

failedUnited States· United States Congress· EN

Introduced

13 June 2023

Last action

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Status

Failed of passage in Senate over veto by Yea-Nay Vote. 54 - 45. Record Vote Number: 5.

Sponsors

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Subjects

Discovery layer

Source updated

5 December 2025

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Summary

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.

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Documents

11 official files

Enrolled Bill (text)

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