Bill · S.J.Res. 129· Senate(119-SJRES-129)
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 "The Fair Credit Reporting Act's Limited Preemption of State Laws".
- Introduced
- 3/17/2026
- Last activity
- 5/13/2026 — Motion to proceed to consideration of measure rejected in Senate by Voice Vote. (consideration: CR S2271)
- Sponsored by
- Catherine Cortez Masto
- Cosponsors
- None
- Introduced
What this bill would do
This joint resolution aims to express congressional disapproval of a rule submitted by the Bureau of Consumer Financial Protection. The specific rule involves the withdrawal of a previous rule regarding "The Fair Credit Reporting Act's Limited Preemption of State Laws." If passed, this resolution would ensure that the Bureau's rule has no force or effect.
Yes
Does this leave more decisions to the states?+5
By preventing the Bureau's rule from withdrawing the preemption limits, the resolution preserves the ability of states to regulate credit reporting under the Fair Credit Reporting Act.
Does this give people more protection from unfair business practices?+3
The resolution prevents the withdrawal of a rule that limits the preemption of state laws under the Fair Credit Reporting Act, thereby maintaining state-level consumer protections.
Would households on low incomes be better off under this?+2
Preserving state authority over credit reporting can help maintain consumer protections that benefit low-income households.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
- Maintenance of existing regulatory status: By disapproving the Bureau's rule, the resolution prevents the withdrawal of the rule relating to "The Fair Credit Reporting Act's Limited Preemption of State Laws" (90 Fed. Reg. 20084 (May 12, 2025)). This action would keep the previous regulatory framework in place rather than allowing the Bureau to withdraw it.
Potential Negative Impacts for People
- No specific negative impacts are identified: The provided text does not list any specific negative consequences or burdens that would result from the passage of this resolution.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Governance And Ideology
- Increase States Rights+5
- Economy And Finance
- Improves Consumer Protection+3
- Demographic And Interest Groups
- Good For Low Income Households+2
- 5/13/2026
- Motion to proceed to consideration of measure rejected in Senate by Voice Vote. (consideration: CR S2271)
- 4/27/2026
- Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).
- Placed on Senate Legislative Calendar under General Orders. Calendar No. 385.
- 3/17/2026
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Introduced in Senate
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.