A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements".

Summary

This joint resolution nullifies a rule submitted by the Consumer Financial Protection Bureau (CFPB) regarding arbitration agreements. (The rule regulates the use of arbitration agreements in contracts for specific consumer financial products and services. It prohibits the use of a predispute arbitration agreement to prevent a consumer from filing or participating in certain class action suits. The rule also requires consumer financial product and service providers to furnish the CFPB with particular information regarding arbitrations.)

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 20 July 2017

   Introduced

   Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

   Source: IntroReferral

2. 20 July 2017

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 20 July 2017 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 20 July 2017

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 20 July 2017

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 20 July 2017

  Open at official source

Sponsors

• Mike Crapo · R · Sponsor
• Sen. Perdue, David [R-GA] · R · Sponsor
• Thomas Tillis · R · Sponsor
• Tom Cotton · R · Sponsor
• Tim Scott · R · Sponsor
• Sen. Heller, Dean [R-NV] · R · Sponsor
• Mike Rounds · R · Sponsor
• Sen. Toomey, Patrick [R-PA] · R · Sponsor
• Sen. Shelby, Richard C. [D-AL] · R · Sponsor
• Sen. Corker, Bob [R-TN] · R · Sponsor
• Sen. Sasse, Ben [R-NE] · R · Sponsor
• Jerry Moran · R · Sponsor
• Shelley Capito · R · Sponsor
• Sen. Hatch, Orrin G. [R-UT] · R · Sponsor
• Sen. Isakson, Johnny [R-GA] · R · Sponsor
• John Barrasso · R · Sponsor
• Roger Wicker · R · Sponsor
• Sen. Enzi, Michael B. [R-WY] · R · Sponsor
• Sen. Rubio, Marco [R-FL] · R · Sponsor
• Sen. Blunt, Roy [R-MO] · R · Sponsor
• Ted Cruz · R · Sponsor
• James Lankford · R · Sponsor
• Sen. Strange, Luther [R-AL] · R · Sponsor
• Rep. Cochran, Thad [R-MS-4] · R · Sponsor
• Rep. Inhofe, James M. [R-OK-1] · R · Cosponsor
• John Boozman · R · Cosponsor
• Mike Lee · R · Cosponsor
• Rep. Roberts, Pat [R-KS-1] · R · Cosponsor
• Dan Sullivan · R · Cosponsor
• Ron Johnson · R · Cosponsor
• James Risch · R · Cosponsor
• Rand Paul · R · Cosponsor
• John Thune · R · Cosponsor
• · ssbk00 · Standing

Related records

• related to ← Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements".