H.J.Res. 162 is a joint resolution that seeks to disapprove a rule submitted by the Bureau of Consumer Financial Protection (CFPB) which pertains to the withdrawal of a regulation known as 'Truth in Lending' (Regulation Z). This regulation is designed to ensure that consumers receive clear and accurate information about the costs of credit and loans. By disapproving the withdrawal, Congress aims to reinstate the previous rule that mandates transparency in lending practices.
Supporters of H.J.Res. 162 argue that reinstating the Truth in Lending regulation is crucial for protecting consumers from misleading lending practices. They emphasize that clear information about loan terms helps individuals make informed financial decisions and promotes fairness in the lending market.
Critics of H.J.Res. 162 contend that reinstating the withdrawn regulation may impose unnecessary burdens on financial institutions, potentially limiting access to credit for consumers. They argue that the previous regulation was overly restrictive and that its removal was a step towards greater financial flexibility and innovation.
There seems to be a low risk of conflict of interest in this case. The sponsor of the bill, Emanuel Cleaver, has received most of his campaign donations from Health Professionals and Retired individuals, with no direct overlap between these industries and the subject of the bill, which is related to financial regulation. Furthermore, the lobbying activity related to this bill's policy area does not involve any of the sponsor's top donors. The largest lobbying expenditure comes from Hogan Lovells, LLP on behalf of Zhongji Innolight Co., Ltd., which spent $350,000. However, this does not directly relate to the sponsor's top donors. It is important for voters to be aware that while money does play a significant role in politics, in this case, there does not appear to be a direct financial conflict of interest.
Organizations that lobbied on issues related to this bill's policy area.
| Client | Lobbying Firm | Amount |
|---|---|---|
| HOGAN LOVELLS, LLP OBO ZHONGJI INNOLIGHT CO., LTD. | MO STRATEGIES, INC. | $350,000 |
| RADIANCE TECHNOLOGIES, INC. | VENN STRATEGIES | $60,000 |
| MOLNLYCKE HEALTH CARE US, LLC | MOLNLYCKE HEALTH CARE US, LLC | $30,000 |
| CLARK STREET ASSOCIATES ON BEHALF OF MARVELL TECHNOLOGY, INC. | HOLLAND & KNIGHT LLP | $30,000 |
| IMPERIAL HEALTH | MCWILLIAMS GOVERNMENTAL AFFAIRS CONSULTANTS | $20,000 |
| WILLIAMS & LAKE, LLC | MCWILLIAMS GOVERNMENTAL AFFAIRS CONSULTANTS | $20,000 |
| KICKAPOO TRADITIONAL TRIBE OF TEXAS | MCWILLIAMS GOVERNMENTAL AFFAIRS CONSULTANTS | $20,000 |
| CITY OF KOTZEBUE, ALASKA | HOLLAND & HART LLP | $10,000 |
| SPACE GOVERNANCE INSTITUTE, INC. | SPACE GOVERNANCE INSTITUTE, INC. | undisclosed |
| MCKEES ROCKS COMMUNITY DEVELOPMENT CORPORATION | CRANMER CONSULTANTS | undisclosed |
| LYTEN, INC. | JHS CONSULTING, INC | undisclosed |
| SOCIETY OF INTERVENTIONAL RADIOLOGY | SOCIETY OF INTERVENTIONAL RADIOLOGY | undisclosed |
| PRESERVATION ACTION | PRESERVATION ACTION | undisclosed |
| GOLD PR LTD. (ON BEHALF OF OJSC "BAKAI BANK") | THROUGHLINE GLOBAL ADVISORS | undisclosed |
| WORKIVA INC. | LSN PARTNERS, LLC | undisclosed |
Source: Senate Lobbying Disclosure Act (LDA) filings, 2026
Top industries funding Emanuel Cleaver, ranked by total contributions.
Source: OpenSecrets.org (Center for Responsive Politics)
