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 85 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, United States Code, which allows Congress to review and potentially overturn regulations put forth by federal agencies.

The rule in question focuses on 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 clarity and guidance on how lenders should comply with these anti-discrimination laws when providing credit to small businesses.

However, some members of Congress believe that the rule may be overly burdensome for lenders and could potentially hinder access to credit for small businesses. As a result, Bill 118 hjres 85 seeks to disapprove of the rule and prevent it from being implemented. Overall, the bill raises important questions about the balance between preventing discrimination in lending and ensuring that small businesses have access to the credit they need to thrive. It will be interesting to see how Congress ultimately decides to proceed with this legislation.