Bill · S.J.Res. 147· Senate(119-SJRES-147)
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".
- Introduced
- 3/25/2026
- Last activity
- 5/13/2026 — Motion to proceed to consideration of measure rejected in Senate by Voice Vote. (consideration: CR S2271-2272)
- Sponsored by
- Richard Durbin
- 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 rule in question involves the withdrawal of a previous rule regarding the "Statement of Policy Regarding Prohibition on Abusive Acts or Practices." If this resolution passes, the Bureau's rule to withdraw the policy will have no force or effect. The resolution was introduced by Mr. Durbin and has been placed on the calendar.
Yes· 3 of 5
Does this give people more protection from unfair business practices?+5
The resolution prevents the withdrawal of the Bureau's policy prohibiting abusive financial acts or practices, thereby maintaining consumer safeguards.
Would households on low incomes be better off under this?+4
Protecting against abusive financial practices provides security for households on lower incomes.
Would middle-income households be better off under this?+3
The resolution helps ensure financial services follow non-abusive practices which benefits middle-income consumers.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
- Maintenance of Existing Policy: By disapproving the withdrawal, the resolution prevents the Bureau of Consumer Financial Protection from removing the "Statement of Policy Regarding Prohibition on Abusive Acts or Practices" (88 Fed. Reg. 21883 (April 12, 2023)). This ensures the original policy remains in place rather than being withdrawn via the rule cited in 90 Fed. Reg. 20084 (May 12, 2025).
Potential Negative Impacts for People
- No negative impacts are explicitly stated in the text.
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+4Good For Middle Class Households+3Good For Urban Residents+2
- Economy And Finance
- Improves Consumer Protection+5
- Governance And Ideology
- Improves Government Transparency+2
- 5/13/2026
- Motion to proceed to consideration of measure rejected in Senate by Voice Vote. (consideration: CR S2271-2272)
- 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. 395.
- 3/25/2026
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text: CR S1617)
- 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.