Bill Sponsor
Senate Joint Resolution 32
118th Congress(2023-2024)
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)".
Active
Active
Veto Override Failed Senate on Jan 10, 2024
Overview
Text
Introduced
Jun 13, 2023
Latest Action
Jan 10, 2024
Origin Chamber
Senate
Type
Joint Resolution
Joint Resolution
A form of legislative measure used to propose changes in law, or to propose an amendment to the U.S. Constitution. Depending on the chamber of origin, they begin with a designation of either H.J.Res. or S.J.Res. Concurrent resolutions and simple resolutions are other types of resolutions. Bill is another form of legislative measure used to propose law.
Bill Number
32
Congress
118
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Republican
Louisiana
Republican
Arkansas
Republican
Arkansas
Republican
Florida
Republican
Indiana
Republican
Indiana
Republican
Louisiana
Republican
Mississippi
Republican
Mississippi
Republican
Missouri
Republican
Missouri
Republican
Nebraska
Republican
North Carolina
Republican
North Carolina
Republican
North Dakota
Republican
North Dakota
Republican
South Carolina
Republican
South Carolina
Republican
South Dakota
Republican
South Dakota
Republican
Tennessee
Republican
Wisconsin
Senate Votes (2)
House Votes (1)
Question
On Overriding the Veto
Status
Failed
Type
Roll Call Vote
Roll Call Vote
A vote that records the individual position of each Member who voted. Such votes occurring on the House floor (by the "yeas and nays" or by "recorded vote") are taken by electronic device. The Senate has no electronic voting system; in such votes, Senators answer "yea" or "nay" as the clerk calls each name aloud. Each vote is compiled by clerks and receives a roll call number (referenced in Congress.gov as a "Record Vote" [Senate] or "Roll no." [House]).
Result
Veto Sustained
Roll Number
5
Senate Roll Call Votes
Summary

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.

Text (4)
Public Record
Record Updated
Feb 23, 2024 8:15:28 AM