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Senate advances measure to nullify Sec. 1071 rule
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Legislation
Tuesday, October 24, 2023
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The
Senate recently passed a resolution to overturn the Consumer Financial
Protection Bureau’s rule regulating small-business data collection and
reporting as prescribed by Section 1071 of the Dodd-Frank Act. The vote came as
President Joe Biden indicated he would veto any measure to overturn the rule if
it reached his desk.
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