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".
Sen. Warren Introduces Resolution to Restore LGBTQ+ Protections in Credit Lending
This bill was introduced in the Senate and is currently being reviewed by the Committee on Banking, Housing, and Urban Affairs. No further actions are scheduled at this time. The bill is not moving forward right now.
Legislative Progress
This resolution faces a difficult path because it would need to pass both chambers of Congress and likely overcome a veto from the administration that changed the rule.
Key Points
Impact Analysis
Personal Impact
LGBTQ+ homebuyers and those seeking to refinance mortgages would benefit from restored protections against credit discrimination. Since mortgages are the largest credit product most people use, restoring these anti-discrimination rules would help ensure fair access to home financing for LGBTQ+ individuals.
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.
Votes
No votes have been recorded for this legislation yet.
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 "Equal Credit Opportunity (Regulation B); Discrimination on the Bases of Sexual Orientation and Gender Identity".
Data Sources
Sponsor
Analysis generated by AI. Always verify with official sources.