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.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2023-11-28 | Calendars | Placed on the Union Calendar, Calendar No. 224. | House floor actions |
| 2023-11-28 | Committee | Reported by the Committee on Financial Services. H. Rept. 118-279. | House floor actions |
| 2023-07-27 | Committee | Ordered to be Reported by the Yeas and Nays: 29 - 21. | House committee actions |
| 2023-07-27 | Committee | Committee Consideration and Mark-up Session Held | House committee actions |
| 2023-05-31 | IntroReferral | Referred to the House Committee on Financial Services. | House floor actions |
| 2023-05-31 | IntroReferral | Introduced in House | Library of Congress |