Date: October 18, 2023
Subject: Cracking Down on Leftist Weapons Against Meritocracy and Business
Description: This Congressional Review Act resolution sponsored by Sen. Kennedy (R-LA) nullifies a rule created by the Consumer Financial Protection Bureau titled "Small Business Lending Under the Equal Credit Opportunity Act (Regulation B)". The rule makes it easier for the CFPB to receive information on the demographics of businesses that submit applications for credit to covered financial institutions. CPAC recognizes that this information is used to promote the left's "equity" agenda, opposes the racist and sexist means employed by the left to reach the goals of this agenda, and supported this resolution.
Result: Joint Resolution Passed, 53-44
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