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Roll Call
Roll Call
Caitlin Reilly

Senate votes to overturn CFPB small-business lending rule - Roll Call

CFPB Roll Call Joe Biden Angus King Joe Manchin III Jon Tester Kyrsten Sinema Mitch McConnell Sherrod Brown

The Senate voted 53-44 Wednesday to overturn a Consumer Financial Protection Bureau rule requiring personal information on small-business borrowers, including race and sex, from the financial institutions that lend to them.

Senate Minority Leader Mitch McConnell, R-Ky., touted the resolution introduced by Sen. John Kennedy, R-La., under the Congressional Review Act as striking a blow to President Joe Biden’s regulators. Resolutions under the CRA require only a simple majority in the Senate.

“Today, the Senate will vote on a Republican resolution to chip away at yet another example of the Biden administration’s runaway regulatory state,” McConnell said in floor remarks ahead of the vote. “Washington Democrats want to tie small-business loans to diversity quotas.” 

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