Disapproving the rule submitted by the Consumer Financial Protection Bureau relating to "Small Business Lending Under the Equal Credit Opportunity Act (Regulation B)".

Bill 118 hjres 66, also known as the Disapproving the rule submitted by the Consumer Financial Protection Bureau relating to "Small Business Lending Under the Equal Credit Opportunity Act (Regulation B)", is a piece of legislation that aims to reject a rule proposed by the Consumer Financial Protection Bureau (CFPB) regarding small business lending under the Equal Credit Opportunity Act (ECOA).

The rule in question, known as Regulation B, was put forth by the CFPB to address concerns about discrimination in small business lending. The rule sought to collect data on small business lending to help identify and prevent discriminatory practices. However, opponents of the rule argue that it would impose unnecessary burdens on lenders and could potentially harm small businesses by limiting access to credit.

If passed, Bill 118 hjres 66 would disapprove of the CFPB's rule, effectively preventing it from being implemented. Supporters of the bill believe that rejecting the rule is necessary to protect small businesses from unnecessary regulations and ensure that they have access to the credit they need to thrive. Overall, the passage of Bill 118 hjres 66 would signal a rejection of the CFPB's proposed rule on small business lending under the ECOA, with the goal of promoting a more business-friendly environment for small businesses in the United States.