CONGRESS FOR VOTERS

DemocratBill · H.J.Res. 170· House(119-HJRES-170)

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 "The Fair Credit Reporting Act's Limited Preemption of State Laws".

Rep. Waters
Age: 88 years
California
Introduced
4/30/2026
Last activity
4/30/2026 — Referred to the House Committee on Financial Services.
Sponsored by
Maxine Waters
Cosponsors
None
Finance and Financial Sector
  1. Introduced
  2. In Committee

What this bill would do

This joint resolution seeks to overturn a specific rule submitted by the Bureau of Consumer Financial Protection. The resolution targets a rule involving the withdrawal of a previous rule titled "The Fair Credit Reporting Act's Limited Preemption of State Laws." If passed, this resolution would ensure the Bureau's rule has no force or effect. It was introduced in the House of Representatives on April 30, 2026.

Yes

  • Does this leave more decisions to the states?+4

    The resolution opposes a rule that would have limited state law preemption, thereby favoring the continued ability of states to regulate consumer credit matters.

The opposite

  • Does this give people more protection from unfair business practices?-3

    By disapproving the Bureau's action to withdraw limitations on state law preemption, the resolution potentially weakens the ability of states to enforce consumer protections under the Fair Credit Reporting Act.

  • Would households on low incomes be better off under this?-2

    Limiting the preemption of state laws can reduce the uniformity of consumer protections that often benefit low-income earners through state-level oversight.