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.
Referred to the House Committee on Financial Services.
Placed on the Union Calendar, Calendar No. 224.
Referred to the House Committee on Financial Services.
Message on Senate action sent to the House.
Received in the House.
Held at the desk.
Rules Committee Resolution H. Res. 891 Reported to House. Rule provides for consideration of H.R. 5283, H.R. 5961 and S.J. Res. 32. The resolution provides for consideration of H.R. 5283 and H.R. 5961 under a structured rule and S. J. Res. 32 under a closed rule. Rule provides for one hour of general debate on each measure with one motion to recommit on H.R. 5283 and H.R. 5961 and one motion to commit on S. J. Res. 32.
Rule H. Res. 891 passed House.
Considered under the provisions of rule H. Res. 891. (consideration: CR H6055-6062)
Rule provides for consideration of H.R. 5283, H.R. 5961 and S.J. Res. 32. The resolution provides for consideration of H.R. 5283 and H.R. 5961 under a structured rule and S. J. Res. 32 under a closed rule. Rule provides for one hour of general debate on each measure with one motion to recommit on H.R. 5283 and H.R. 5961 and one motion to commit on S. J. Res. 32.
DEBATE - The House proceeded with one hour of debate on S.J. Res. 32.
The previous question was ordered pursuant to the rule.
Passed/agreed to in House: On passage Passed by the Yeas and Nays: 221 - 202, 1 Present (Roll no. 690). (text: CR H6055)
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On passage Passed by the Yeas and Nays: 221 - 202, 1 Present (Roll no. 690). (text: CR H6055)
Roll Call #690 (House)Motion to reconsider laid on the table Agreed to without objection.
Presented to President.
Presented to President.
Vetoed by President.
Vetoed by President.
Veto message received in Senate. Ordered held at the desk. (text: CR S6048)
Veto Message considered in Senate. (consideration: CR S66-67)
Failed of passage in Senate over veto: Failed of passage in Senate over veto by Yea-Nay Vote. 54 - 45. Record Vote Number: 5.
Roll Call #5 (Senate)Failed of passage in Senate over veto by Yea-Nay Vote. 54 - 45. Record Vote Number: 5.
Roll Call #5 (Senate)