A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to "Statement of Policy Regarding Prohibition on Abusive Acts or Practices".

Refreshed 5 h ago

Introduced 2026-03-25Topic: economy jobs · governance ethics

Summary

AI-generated summary, report an error

This joint resolution uses the Congressional Review Act to reject a May 2025 action by the Consumer Financial Protection Bureau (CFPB). In that action, the CFPB withdrew its April 2023 policy statement explaining how it reads the federal ban on abusive acts or practices in consumer financial products and services. Under the resolution, the 2025 withdrawal would have no force or effect.

Full text and official record on Congress.gov

Action history

Date	Chamber	Action	Status effect
2026-05-13	Senate	Motion to proceed to consideration of measure rejected in Senate by Voice Vote. (consideration: CR S2271-2272)
2026-04-27	Senate	Placed on Senate Legislative Calendar under General Orders. Calendar No. 395.
2026-04-27	Senate	Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).	report
2026-04-27		Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).	report
2026-03-25	Senate	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text: CR S1617)	refer
2026-03-25		Introduced in Senate	introduce

Summary

Sponsors

Action history