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 "The Fair Credit Reporting Act's Limited Preemption of State Laws".
Sen. Cortez Masto Introduces Resolution to Protect State-Level Credit Reporting Laws
Legislative Progress
Key Points
Impact Analysis
Personal Impact
Small business owners frequently rely on personal credit to secure business loans or lines of credit. Stronger state-level credit reporting rules can give them more avenues to dispute errors or address identity theft that could harm their ability to access capital for their businesses.
State Impacts
Milestones
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
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News
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Source Information
Document Type
Congressional Bill
Official 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 the withdrawal of the rule relating to "The Fair Credit Reporting Act's Limited Preemption of State Laws".
Data Sources
Sponsor
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