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119-sjres-166119th CongressWALLET

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 the withdrawal of the rule relating to "Equal Credit Opportunity (Regulation B); Discrimination on the Bases of Sexual Orientation and Gender Identity".

Sponsored By: Senator Warren, Elizabeth [D-MA]

Introduced

Summary

Preserve federal protections against credit discrimination. This resolution would nullify the Consumer Financial Protection Bureau (CFPB) rule that withdraws Equal Credit Opportunity Act (Regulation B) protections for sexual orientation and gender identity, blocking that withdrawal and leaving the anti-discrimination rule in place.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Keep credit protections for borrowers

If enacted, this resolution would disapprove the CFPB rule that withdraws Regulation B protections. It would stop the bureau from removing rules that bar denying credit because of sexual orientation or gender identity. If enacted, this would keep those anti-discrimination protections for consumers and small businesses applying for loans. The change would take effect upon enactment.

Sponsors & CoSponsors

Sponsor

Warren, Elizabeth [D-MA]

MA • D

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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