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Providing for consideration of the joint resolution (H.J. Res. 111) 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".

4/7/2025, 3:21 PM

Summary of Bill HRES 468

Bill 115 H.Res. 468 is a resolution that provides for the consideration of H.J. Res. 111, which aims to disapprove of a rule submitted by the Bureau of Consumer Financial Protection regarding arbitration agreements. The rule in question relates to the use of arbitration agreements in consumer financial contracts.

Arbitration agreements are clauses in contracts that require disputes to be resolved through arbitration rather than through the court system. The Bureau of Consumer Financial Protection's rule aimed to restrict the use of arbitration agreements in consumer financial contracts, citing concerns about fairness and transparency for consumers.

H.J. Res. 111 seeks to overturn this rule under the Congressional Review Act, which allows Congress to review and potentially overturn regulations issued by federal agencies. If passed, this resolution would prevent the Bureau of Consumer Financial Protection from implementing the rule regarding arbitration agreements. The resolution, Bill 115 H.Res. 468, provides for the consideration of H.J. Res. 111 in Congress, allowing for debate and a vote on whether to disapprove of the Bureau of Consumer Financial Protection's rule. This resolution is part of the ongoing debate over the use of arbitration agreements in consumer financial contracts and the role of federal agencies in regulating these agreements.

Current Status of Bill HRES 468

Bill HRES 468 is currently in the status of Bill Introduced since July 24, 2017. Bill HRES 468 was introduced during Congress 115 and was introduced to the House on July 24, 2017.  Bill HRES 468's most recent activity was Motion to reconsider laid on the table Agreed to without objection. as of July 25, 2017

Bipartisan Support of Bill HRES 468

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HRES 468

Primary Policy Focus

Congress

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