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

House Joint Resolution 66 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 lenders to collect and report demographic data—such as race, gender, and ethnicity—on small business loan applications to help identify potential discrimination and ensure fair access to credit.

If this resolution becomes law, it would nullify that rule, meaning financial institutions would no longer be required to gather or submit this specific data to the government. For small business owners, this would mean fewer reporting requirements during the loan application process, while for the public, it would eliminate the creation of a national database intended to track lending patterns in the small business market.