Bills · 118th Congress · Finance and Financial Sector

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)".

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Roll calls on this bill

Votes on passage
SenateOn Overriding the Veto · 1/10/24Veto overrideA vote to make a bill law despite the president's veto. It takes a two-thirds vote in both the House and the Senate.Senate glossary: veto override ↗
Veto Sustained
  • Democratic2 Yea · 44 Nay · 1 Not voting
  • Republican49 Yea · 0 Nay · 0 Not voting
  • Independent / Other3 Yea · 1 Nay · 0 Not voting
HouseOn Passage · 12/1/23PassageThe vote on whether this chamber approves the measure — usually by a simple majority of those voting. It becomes law only once both chambers pass the same text and the president signs it, or Congress overrides a veto.House: The Legislative Process ↗
Passed
  • Democratic6 Yea · 202 Nay · 0 Present · 5 Not voting
  • Republican215 Yea · 0 Nay · 0 Present · 5 Not voting
  • Independent / Other0 Yea · 0 Nay · 1 Present · 0 Not voting
Official summary (CRS)

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.

Full text on congress.gov ↗
Sponsor
Sen. John Kennedy ( Republican · LA)
Cosponsors
45
Introduced
6/13/23
Policy area
Finance and Financial Sector
Status
6/13/23Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
6/13/23Introduced in Senate
10/17/23Placed on Senate Legislative Calendar under General Orders. Calendar No. 228.
10/17/23Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).
10/18/23Message on Senate action sent to the House.
10/18/23Passed Senate without amendment by Yea-Nay Vote. 53 - 44. Record Vote Number: 260. (consideration: CR S5055, S5061-5062; text: CR S5062)
10/18/23Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 53 - 44. Record Vote Number: 260.(consideration: CR S5055, S5061-5062; text: CR S5062)
10/25/23Held at the desk.
10/25/23Received in the House.
11/28/23Rules 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.
11/29/23Rule H. Res. 891 passed House.
12/1/23Motion to reconsider laid on the table Agreed to without objection.
12/1/23On passage Passed by the Yeas and Nays: 221 - 202, 1 Present (Roll no. 690). (text: CR H6055)
12/1/23Passed/agreed to in House: On passage Passed by the Yeas and Nays: 221 - 202, 1 Present (Roll no. 690). (text: CR H6055)
12/1/23The previous question was ordered pursuant to the rule.
12/1/23DEBATE - The House proceeded with one hour of debate on S.J. Res. 32.
12/1/23Rule 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.
12/1/23Considered under the provisions of rule H. Res. 891. (consideration: CR H6055-6062)
12/14/23Presented to President.
12/19/23Veto message received in Senate. Ordered held at the desk. (text: CR S6048)
12/19/23Vetoed by President.
1/10/24Failed of passage in Senate over veto by Yea-Nay Vote. 54 - 45. Record Vote Number: 5.
1/10/24Failed of passage in Senate over veto: Failed of passage in Senate over veto by Yea-Nay Vote. 54 - 45. Record Vote Number: 5.
1/10/24Veto Message considered in Senate. (consideration: CR S66-67)