This joint resolution, introduced by Representative Joyce Beatty and referred to the House Committee on Financial Services, would use the congressional disapproval process in chapter 8 of title 5 to reject a rule from the Bureau of Consumer Financial Protection (CFPB). The rule being disapproved would have withdrawn "Bulletin 2012-04: Lending discrimination (April 18, 2012)." The resolution says the CFPB's withdrawal rule (90 Fed. Reg. 20084 (May 12, 2025)) "shall have no force or effect."
If the joint resolution becomes law, the CFPB rule that sought to withdraw Bulletin 2012-04 would be null and would have no force or effect. No publicly available information explains how this would change specific actions by banks, lenders, or consumers.
No publicly available information about costs, savings, or budgetary effects is included in the bill text or metadata.
No publicly available information in the provided material explains the reasons supporters give for the resolution.
No publicly available information in the provided material explains the reasons opponents give against the resolution.