Bill · H.J.Res. 173· House(119-HJRES-173)
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 "Consumer Financial Protection Circular 2023-02: Reopening Deposit Accounts That Consumers Previously Closed".
- Introduced
- 5/4/2026
- Last activity
- 5/4/2026 — Referred to the House Committee on Financial Services.
- Sponsored by
- Gregory Meeks
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This joint resolution seeks to disapprove a specific rule submitted by the Bureau of Consumer Financial Protection. The rule in question involves the withdrawal of a previous rule regarding "Consumer Financial Protection Circular 2023-02: Reopening Deposit Accounts That Consumers Previously Closed." If passed, this resolution would ensure that the Bureau's rule has no force or effect.
Yes· 3 of 4
Would households on low incomes be better off under this?+5
Maintaining the circular helps ensure consumers have easier access to reopening financial accounts which is vital for low-income financial stability.
Does this give people more protection from unfair business practices?+5
The resolution prevents the Bureau from withdrawing guidance that protects consumers trying to reopen previously closed deposit accounts.
Does this give the federal government more power?+3
The resolution uses congressional oversight to prevent a federal agency from withdrawing its existing regulatory guidance.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
- Maintaining Previous Guidance: By disapproving the withdrawal, the resolution would prevent the Bureau from undoing the previous rule regarding "Consumer Financial Protection Circular s 2023-02: Reopening Deposit Accounts That Consumers Previously Closed" (90 Fed. Reg. 20084 (May 12, 2025)).
Potential Negative Impacts for People
- No Negative Impacts Identified: The provided text does not contain information regarding specific negative consequences or burdens for individuals or groups.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Low Income Households+5Good For Urban Residents+2
- Economy And Finance
- Improves Consumer Protection+5
- Governance And Ideology
- Increases Federal Power+3
- 5/4/2026
- Referred to the House Committee on Financial Services.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.