H.J.Res. 50House118th Congress (2023-2025)In Committee

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)".

Introduced April 3, 2023

AI-Generated Summary

Updated January 20, 2026 at 6:03 AM UTC

This joint resolution directs Congress to disapprove a rule that the Consumer Financial Protection Bureau (CFPB) submitted concerning small‑business lending under the Equal Credit Opportunity Act (Regulation B). By disapproving the rule, Congress says the rule will have no legal effect. The action mainly impacts the CFPB’s regulatory authority and small‑business lenders and borrowers who would have been subject to the rule.

Key Provisions

  • Congress formally disapproves the CFPB’s small‑business lending rule under Regulation B, rendering the rule null and void.

Legislative Activity

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HouseIntro Referral Latest Action

Referred to the House Committee on Financial Services.

April 3, 2023

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HouseIntro Referral

Introduced in House

April 3, 2023

HouseIntro Referral

Referred to the House Committee on Financial Services.

April 3, 2023

Bill Text

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Introduced in HouseIssued April 3, 2023

IA

118th CONGRESS

1st Session

H. J. RES. 50

IN THE HOUSE OF REPRESENTATIVES

April 3, 2023

Mr. Williams of Texas (for himself, Mr. Ogles, and Mr. Barr) submitted the following joint resolution; which was referred to the Committee on Financial Services

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).

That Congress disapproves the rule submitted by the Bureau of Consumer Financial Protection relating to Small Business Lending Under the Equal Credit Opportunity Act (Regulation B), and such rule shall have no force or effect.