Fitzgerald Statement on Overturning Burdensome CFPB Rule

WASHINGTON, DC – Today, Congressman Scott Fitzgerald (WI-05) issued the following statement after voting to pass S.J.Res. 32.

S.J.Res. 32 expresses Congress’s disapproval of the Consumer Financial Protection Bureau’s (CFPB) burdensome and overly complex final rule implementing Section 1071 of the Dodd-Frank Act.

“I was proud to vote in support of S.J.Res. 32 today to safeguard small businesses’ ability to access affordable credit that supports and grows our economy,” said Rep. Fitzgerald. “To be clear, the rule that the CFPB proposed goes well beyond the agency’s authority. By overturning it, we would force the CFPB to better tailor the rule, to increase rather than decrease, small business lending, and protect against the release of their data.”

NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. It has not been verified for its accuracy or completeness.