arrow_back Civic Audit
Share share

Congressional Disapproval of Rule Relating to Small Business Lending (Regulation B)

The U.S. Congress has passed a resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to small business lending under the Equal Credit Opportunity Act (Regulation B). According to the resolution, the rule shall have no force or effect.
Key points
Congress disapproves the CFPB rule regarding small business lending (Regulation B).
The rule relates to the Equal Credit Opportunity Act.
As a result of the resolution, the rule has no force or effect.
article Official text account_balance Process page notifications_active Track this Bill
55%
VOTING RESULTS
2024-01-10
For 54
Against 45
Abstain 0
Full voting results open_in_new
gavel
Status:
Failed
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens (explained here). Start recording it now.
Additional Information
Print number: 118_SJRES_32
Sponsor: Sen. Kennedy, John [R-LA]
Process start date: 2023-06-13
Voting date: 2024-01-10
Meeting no: 1
Voting no: 5
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-3-pro-preview
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

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)".

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_SJRES_32.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-06-13.

What are the main provisions?

Key points include:

  • Congress disapproves the CFPB rule regarding small business lending (Regulation B).
  • The rule relates to the Equal Credit Opportunity Act.
  • As a result of the resolution, the rule has no force or effect.
What is the specific legal status?

The current status is Failed.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Where is the official voting record?

The official roll call vote is recorded at: voting record

Who is the primary sponsor?

The primary sponsor is Sen. Kennedy, John [R-LA].

What is the latest detailed status?

The latest detailed status is: Failed of passage in Senate over veto by Yea-Nay Vote. 54 - 45. Record Vote Number: 5.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-30.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy