Congress Repeals Controversial Small Business Lending Rule, Setting Up Biden Veto

Republicans have derided the rule as a ‘woke’ attempt of the Biden administration to politicize lending.
Congress Repeals Controversial Small Business Lending Rule, Setting Up Biden Veto
The Consumer Financial Protection Bureau building in Washington on Oct. 31, 2023. Madalina Vasiliu/The Epoch Times
Samantha Flom
Updated:
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A joint resolution signaling Congress’s disapproval of a new Consumer Financial Protection Bureau (CFPB) lending rule cleared its last congressional hurdle on Nov. 30 with its passage in the House in a 220–201 vote.

Having already passed the Senate, the measure will now head to President Joe Biden’s desk, where it is likely to be vetoed.

Samantha Flom
Samantha Flom
Author
Samantha Flom is a reporter for The Epoch Times covering U.S. politics and news. A graduate of Syracuse University, she has a background in journalism and nonprofit communications. Contact her at [email protected].
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