A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements".
USA115th CongressSJRES-47| Senate
| Updated: 7/20/2017
Mike Crapo
Republican Senator
Idaho
Cosponsors (32)
Dean Heller (Republican)Dan Sullivan (Republican)Thomas Tillis (Republican)David Perdue (Republican)Jerry Moran (Republican)Mike Lee (Republican)James E. Risch (Republican)Ron Johnson (Republican)Orrin G. Hatch (Republican)Tom Cotton (Republican)James M. Inhofe (Republican)Michael B. Enzi (Republican)Roger F. Wicker (Republican)Rand Paul (Republican)John Boozman (Republican)Roy Blunt (Republican)Luther Strange (Republican)John Thune (Republican)Mike Rounds (Republican)Ted Cruz (Republican)Tim Scott (Republican)Ben Sasse (Republican)James Lankford (Republican)Bob Corker (Republican)John Barrasso (Republican)Johnny Isakson (Republican)Richard C. Shelby (Republican)Pat Roberts (Republican)Thad Cochran (Republican)Marco Rubio (Republican)Patrick Toomey (Republican)Shelley Moore Capito (Republican)
Banking, Housing, and Urban Affairs Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
This joint resolution nullifies a rule submitted by the Consumer Financial Protection Bureau (CFPB) regarding arbitration agreements. (The rule regulates the use of arbitration agreements in contracts for specific consumer financial products and services. It prohibits the use of a predispute arbitration agreement to prevent a consumer from filing or participating in certain class action suits. The rule also requires consumer financial product and service providers to furnish the CFPB with particular information regarding arbitrations.)
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Latest Companion Bill Action
HRES 115-468Motion to reconsider laid on the table Agreed to without objection.
Finance and Financial Sector
Administrative law and regulatory proceduresAlternative dispute resolution, mediation, arbitrationBusiness recordsCongressional oversightConsumer creditConsumer Financial Protection BureauFinancial services and investmentsGovernment information and archives
A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements".
USA115th CongressSJRES-47| Senate
| Updated: 7/20/2017
This joint resolution nullifies a rule submitted by the Consumer Financial Protection Bureau (CFPB) regarding arbitration agreements. (The rule regulates the use of arbitration agreements in contracts for specific consumer financial products and services. It prohibits the use of a predispute arbitration agreement to prevent a consumer from filing or participating in certain class action suits. The rule also requires consumer financial product and service providers to furnish the CFPB with particular information regarding arbitrations.)
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Latest Companion Bill Action
HRES 115-468Motion to reconsider laid on the table Agreed to without objection.
Mike Crapo
Republican Senator
Idaho
Cosponsors (32)
Dean Heller (Republican)Dan Sullivan (Republican)Thomas Tillis (Republican)David Perdue (Republican)Jerry Moran (Republican)Mike Lee (Republican)James E. Risch (Republican)Ron Johnson (Republican)Orrin G. Hatch (Republican)Tom Cotton (Republican)James M. Inhofe (Republican)Michael B. Enzi (Republican)Roger F. Wicker (Republican)Rand Paul (Republican)John Boozman (Republican)Roy Blunt (Republican)Luther Strange (Republican)John Thune (Republican)Mike Rounds (Republican)Ted Cruz (Republican)Tim Scott (Republican)Ben Sasse (Republican)James Lankford (Republican)Bob Corker (Republican)John Barrasso (Republican)Johnny Isakson (Republican)Richard C. Shelby (Republican)Pat Roberts (Republican)Thad Cochran (Republican)Marco Rubio (Republican)Patrick Toomey (Republican)Shelley Moore Capito (Republican)
Banking, Housing, and Urban Affairs Committee
Finance and Financial Sector
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Administrative law and regulatory proceduresAlternative dispute resolution, mediation, arbitrationBusiness recordsCongressional oversightConsumer creditConsumer Financial Protection BureauFinancial services and investmentsGovernment information and archives