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NEGATIVE Money in Politics & Finance 118th Congress

S.J.Res.32 CRA: CFPB Small-Business Lending Data Rule

repealing a CFPB rule requiring lenders to report who applies for small-business loans, used to enforce fair lending (118th Congress)

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Would have repealed a CFPB rule requiring lenders to report data on small-business loan applications, including the race, sex, and ethnicity of business owners, which federal law uses to enforce fair lending and identify the credit needs of women- and minority-owned businesses. President Biden vetoed the resolution, the Senate failed to override the veto, and the rule was not repealed.