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 "Small Business Lending Under the Equal Credit Opportunity Act (Regulation B)".

Bill 118 hjres 50 is a piece of legislation that aims to disapprove of a rule submitted by the Bureau of Consumer Financial Protection regarding small business lending under the Equal Credit Opportunity Act (Regulation B). The bill falls under chapter 8 of title 5 of the United States Code, which allows Congress to review and potentially overturn regulations put forth by federal agencies.

The rule in question pertains to how small businesses are treated under the Equal Credit Opportunity Act, which prohibits discrimination in lending based on factors such as race, gender, and age. The Bureau of Consumer Financial Protection's rule aims to provide guidance on how lenders should comply with these anti-discrimination laws when extending credit to small businesses.

If Bill 118 hjres 50 is passed, Congress would officially disapprove of the Bureau of Consumer Financial Protection's rule, effectively nullifying it and preventing its implementation. This would have implications for how lenders are required to handle small business lending under the Equal Credit Opportunity Act. Overall, Bill 118 hjres 50 is a significant piece of legislation that addresses the intersection of small business lending and anti-discrimination laws, highlighting the ongoing debate over how best to regulate financial institutions in the United States.