Sponsored by John Kennedy (R)
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)".
Would have blocked a federal rule requiring lenders to report small business credit application data.
Tradeoff
Would have voided a Consumer Financial Protection Bureau (CFPB) rule that required lenders to report small business loan data. A federal court in Texas had already blocked the rule in July 2023.
What's in it
The Senate passed this 53-44 on October 18, 2023. The House passed it 221-202 on December 1, 2023. On January 10, 2024, the Senate voted 54-45 to override the President's veto, which fell short of the two-thirds needed, so the veto stood.
Senate
Introduced
(Jun 13, 2023)
Senate
Committee on Banking, Housing, and Urban Affairs(Jun 13, 2023)
Senate
Taken away from the Committee on Banking, Housing, and Urban Affairs
Discharged by petition(Oct 17, 2023)
A petition forced the committee to release the bill without acting on it.
Senate
On the Joint Resolution
Joint Resolution Passed(Roll #260 · Oct 18, 2023)
53 yeanay 44House
Received from the Senate
Received(Oct 25, 2023)
House
Passage of the bill
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)”
Passed(Roll #690 · Dec 1, 2023)
221 yeanay 202House
Sent to the President
(Dec 14, 2023)
Senate
On Overriding the Veto
Shall the Joint Resolution (S.J. Res. 32) Pass, the Objections of the President of the United States to the Contrary Notwithstanding?
Veto Sustained(Roll #5 · Jan 10, 2024)
54 yeanay 45
White House
Vetoed(Jan 10, 2024)
Joe Biden (D)
- Cynthia M. Lummis (R-WY)
- Deb Fischer (R-NE)
- Kevin Cramer (R-ND)
- James E. Risch (R-ID)
- Mike Crapo (R-ID)
- Bill Cassidy (R-LA)
- Tim Scott (R-SC)
- Steve Daines (R-MT)
- J. D. Vance (R-OH)
- John Thune (R-SD)
- Cindy Hyde-Smith (R-MS)
- John Barrasso (R-WY)
- Roger F. Wicker (R-MS)
- Marco Rubio (R-FL)
- Mike Lee (R-UT)
- Jerry Moran (R-KS)
- James Lankford (R-OK)
- Rick Scott (R-FL)
- Ted Budd (R-NC)
- John Boozman (R-AR)
- Thomas Tillis (R-NC)
- Roger Marshall (R-KS)
- Katie Boyd Britt (R-AL)
- Bill Hagerty (R-TN)
- Mike Braun (R-IN)
- John Cornyn (R-TX)
- Joni Ernst (R-IA)
- Shelley Moore Capito (R-WV)
- Pete Ricketts (R-NE)
- Josh Hawley (R-MO)
- Marsha Blackburn (R-TN)
- Eric Schmitt (R-MO)
- Tom Cotton (R-AR)
- Chuck Grassley (R-IA)
- Mitch McConnell (R-KY)
- Ron Johnson (R-WI)
- Tommy Tuberville (R-AL)
- John Hoeven (R-ND)
- Mitt Romney (R-UT)
- Markwayne Mullin (R-OK)
- Todd Young (R-IN)
- Mike Rounds (R-SD)
- Ted Cruz (R-TX)
- Dan Sullivan (R-AK)
- Lindsey Graham (R-SC)
Final passage· 118th Congress · 2023–2025