Senate Fails to Override Veto of Small-Business Data Collection Rule

American Banker
Thursday, January 11, 2024

"The Senate failed to override President Biden's veto of a resolution to nullify the Consumer Financial Protection Bureau's small-business data collection rule.

The Senate on Wednesday voted 54-45, falling short of the two-thirds majority needed to override the president's veto last month of a Republican-led resolution to gut the small-business data collection rule under the Congressional Review Act."