US SJR47 | 2017-2018 | 115th Congress

Status

Spectrum: Partisan Bill (Republican 33-0)
Status: Introduced on July 20 2017 - 25% progression, died in committee
Action: 2017-07-20 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]

Summary

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". 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.)

Tracking Information

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Title

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".

Sponsors


Roll Calls

Senate - On the Joint Resolution H.J.Res. 111 (Y: 50 N: 50 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2017-07-20SenateRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Same As/Similar To

HJR111 (Same As) 2017-11-01 - Became Public Law No: 115-74. (TXT | PDF)

Subjects


US Congress State Sources


Bill Comments

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