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)".

How it moves voter issues

• +1Small business

  Nullifies the CFPB rule requiring lenders to collect and report small-business loan application data.

  Medium confidence

  AI scores averaged: +1 from typesafe:jev-1.13.0, +1 from claude-opus-5-5. Compare the models

• −1Civil rights & equal treatment

  Removes data collection meant to detect lending discrimination against women- and minority-owned businesses.

  Medium confidence

  AI scores averaged: −1 from typesafe:jev-1.13.0, −1 from claude-opus-5-5. Compare the models

What it does

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.

Summary by the Congressional Research Service, passed house version.

Every recorded vote on it

1. Oct 18, 2023Senate On the Joint ResolutionA 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)".53 yea 44 nayCounts toward rankings
2. Dec 1, 2023House On PassageProviding 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)”221 yea 202 nayCounts toward rankings
3. Jan 10, 2024Senate On Overriding the VetoA 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)".54 yea 45 nayCounts toward rankings