H.J.Res. 66House118th Congress (2023-2025)In Committee

Disapproving the rule submitted by the Consumer Financial Protection Bureau relating to "Small Business Lending Under the Equal Credit Opportunity Act (Regulation B)".

Introduced May 31, 2023

AI-Generated Summary

Updated January 20, 2026 at 8:18 AM UTC

This joint resolution declares that Congress disapproves the Consumer Financial Protection Bureau's rule on small business lending under the Equal Credit Opportunity Act (Regulation B). By disapproving the rule, it would be removed and have no legal effect. The action primarily impacts small business lenders and borrowers who would have been subject to the CFPB's requirements.

Key Provisions

  • Congress states that the CFPB rule on small business lending under Regulation B shall have no force or effect.

Legislative Activity

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5 earlier actions
HouseCalendars Latest Action

Placed on the Union Calendar, Calendar No. 224.

November 28, 2023

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HouseIntro Referral

Introduced in House

May 31, 2023

HouseIntro Referral

Referred to the House Committee on Financial Services.

May 31, 2023

HouseCommittee

Committee Consideration and Mark-up Session Held

July 27, 2023

HouseCommittee

Ordered to be Reported by the Yeas and Nays: 29 - 21.

July 27, 2023

HouseCommittee

Reported by the Committee on Financial Services. H. Rept. 118-279.

November 28, 2023

HouseCalendars

Placed on the Union Calendar, Calendar No. 224.

November 28, 2023

Bill Text

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Reported in HouseIssued November 28, 2023

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Union Calendar No. 224

118th CONGRESS

1st Session

H. J. RES. 66

[Report No. 118–279]

IN THE HOUSE OF REPRESENTATIVES

May 31, 2023

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

November 28, 2023

Additional sponsors: Mr. Sessions, Mr. Finstad, Ms. De La Cruz, Mr. Steil, Mr. Meuser, Mr. Brecheen, Mr. Johnson of Louisiana, Mr. Davidson, Mr. Luetkemeyer, Mr. Hill, Mr. Norman, Mr. Jackson of Texas, Mr. Fitzgerald, Mr. Ezell, Mr. Feenstra, Mr. Flood, Mr. Kustoff, Mr. Armstrong, Mr. Johnson of South Dakota, Mr. Grothman, Ms. Hageman, Mr. Gallagher, Mrs. Wagner, Mr. Moore of Alabama, Mr. Mooney, Mr. Cloud, Mr. Moolenaar, Mrs. Miller-Meeks, Mr. Arrington, Ms. Van Duyne, Mr. Guest, Mr. Yakym, Mr. Pfluger, Mr. Moran, Mr. Burgess, Mr. Kelly of Mississippi, and Mr. Dunn of Florida

November 28, 2023

Reported from the Committee on Financial Services; committed to the Committee of the Whole House on the State of the Union and ordered to be printed

JOINT RESOLUTION

Disapproving the rule submitted by the Consumer Financial Protection Bureau relating to Small Business Lending Under the Equal Credit Opportunity Act (Regulation B).

That Congress disapproves the rule submitted by the Consumer Financial Protection Bureau relating to Small Business Lending Under the Equal Credit Opportunity Act (Regulation B) (88 Fed. Reg. 35150), and such rule shall have no force or effect.

November 28, 2023

Committed to the Committee of the Whole House on the State of the Union and ordered to be printed