CONGRESS FOR VOTERS

DemocratBill · S.J.Res. 144· Senate(119-SJRES-144)

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 "Fair Credit Reporting Act; Preemption of State Laws".

Rep. Whitehouse
Age: 71 years
Rhode Island
Introduced
3/25/2026
Last activity
3/25/2026 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsored by
Sheldon Whitehouse
Cosponsors
None
Finance and Financial Sector
  1. Introduced
  2. In Committee

What this bill would do

This joint resolution aims to overturn a specific rule from the Bureau of Consumer Financial Protection. The rule concerns the "Fair Credit Reporting Act; Preemption of State Laws." If passed, Congress would express its disapproval of this rule. Consequently, the rule would have no force or effect.

Yes

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

    By overturning a federal rule on preemption, the resolution allows state laws regarding credit reporting to remain in effect without federal interference.

The opposite

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

    The resolution nullifies a rule regarding the preemption of state laws under the Fair Credit Reporting Act, which could weaken state-level consumer protections.

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

    Reducing the preemption of state laws may decrease the uniform federal oversight of credit reporting that protects low-income consumers.