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]
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.)
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
Sen. Mike Crapo [R-ID] | Sen. David Perdue [R-GA] | Sen. Thom Tillis [R-NC] | Sen. Tom Cotton [R-AR] |
Sen. Tim Scott [R-SC] | Sen. Dean Heller [R-NV] | Sen. Mike Rounds [R-SD] | Sen. Pat Toomey [R-PA] |
Sen. Richard Shelby [R-AL] | Sen. Bob Corker [R-TN] | Sen. Ben Sasse [R-NE] | Sen. Jerry Moran [R-KS] |
Sen. Shelley Capito [R-WV] | Sen. Orrin Hatch [R-UT] | Sen. Johnny Isakson [R-GA] | Sen. John Barrasso [R-WY] |
Sen. Roger Wicker [R-MS] | Sen. Michael Enzi [R-WY] | Sen. Marco Rubio [R-FL] | Sen. Roy Blunt [R-MO] |
Sen. Ted Cruz [R-TX] | Sen. James Lankford [R-OK] | Sen. Luther Strange [R-AL] | Sen. Thad Cochran [R-MS] |
Sen. James Inhofe [R-OK] | Sen. John Boozman [R-AR] | Sen. Mike Lee [R-UT] | Sen. Pat Roberts [R-KS] |
Sen. Dan Sullivan [R-AK] | Sen. Ron Johnson [R-WI] | Sen. James Risch [R-ID] | Sen. Rand Paul [R-KY] |
Sen. John Thune [R-SD] |
Roll Calls
Senate - On the Joint Resolution H.J.Res. 111 (Y: 50 N: 50 NV: 0 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2017-07-20 | Senate | Read 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
Administrative law and regulatory procedures
Alternative dispute resolution, mediation, arbitration
Business records
Congressional oversight
Consumer credit
Consumer Financial Protection Bureau
Finance and financial sector
Financial services and investments
Government information and archives
Alternative dispute resolution, mediation, arbitration
Business records
Congressional oversight
Consumer credit
Consumer Financial Protection Bureau
Finance and financial sector
Financial services and investments
Government information and archives