HJRES 164 · 119th CongressIn Committeecongress.gov ↗
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 the withdrawal of the rule relating to "Equal Credit Opportunity (Regulation B); Revocations or Unfavorable Changes to the Terms of Existing Credit Arrangements".
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What this bill does
AI plain-language summaryThis bill would allow Congress to formally disapprove of and overturn an action taken by the Bureau of Consumer Financial Protection. Specifically, it targets the Bureau's decision to withdraw a previous rule related to equal credit opportunity, which dealt with situations where lenders revoke or make unfavorable changes to existing credit agreements. No official summary is available for this bill.
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