SJ Res. 57 Repealing an Obama-Era Rule that Harms Indirect Auto Lending (Roll Call 171)
This resolution invokes the Congressional Review Act to overturn an overreaching Obama administration rule that limited the ability of auto dealers to offer discounted-rate auto loans to customers. Specifically, the rule related to indirect auto lending and compliance with the Equal Credit Opportunity Act. ACU supports overturning this Obama-era regulation that has stifled the free market and increased the cost of auto loans and supported this resolution. The House passed the resolution on May 8, 2018 by a vote of 234-175.