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)".

House Joint Resolution 50 is a proposal to overturn a specific federal regulation issued by the Consumer Financial Protection Bureau (CFPB). The regulation in question requires banks and other financial institutions to collect and report data on small business loan applications, including information regarding the race, gender, and ethnicity of the business owners.

If this resolution becomes law, the CFPB would be prohibited from implementing these data collection requirements, and the agency would be barred from issuing a similar rule in the future without new authorization from Congress. For small business owners and lenders, this would mean that the current process for applying for and processing business loans would remain unchanged, avoiding the new reporting and documentation steps established by the rule.