Bill · S.J.Res. 149· Senate(119-SJRES-149)
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 "Truth in Lending (Regulation Z); Consumer Protections for Home Sales Financed Under Contracts for Deed".
- Introduced
- 3/26/2026
- Last activity
- 5/13/2026 — Motion to proceed to consideration of measure rejected in Senate by Voice Vote. (consideration: CR S2267)
- Sponsored by
- Charles Schumer
- 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 rule regarding "Truth in Lending (Regulation Z); Consumer Protections for Home Sales Financed Under Contracts for Deed." If this resolution passes, the rule submitted by the Bureau shall have no force or effect.
Yes· 3 of 6
Does this give people more protection from unfair business practices?+5
The resolution prevents the withdrawal of consumer protections for home sales financed under contracts for deed.
Would households on low incomes be better off under this?+4
The resolution preserves consumer protections that are highly relevant to individuals using contract-for-deed financing.
Does this make housing cost less?+3
Maintaining protections for contract-for-deed home sales can help stabilize housing costs for buyers.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
- Prevention of Rule Withdrawal: By disapproving the Bureau's rule, this resolution prevents the withdrawal of the rule relating to "Truth in Lending (Regulation Z); Consumer Protections for Home Sales Financed Under Contracts for Deed" (S. J. RES. 149).
Potential Negative Impacts for People
- No specific negative impacts are identified in the provided 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 Urban Residents+2
- Economy And Finance
- Improves Consumer Protection+5
- Social Issues And Justice
- Improves Affordable Housing+3Improves Poverty Reduction+2
- Governance And Ideology
- Increases Federal Power+3
- 5/13/2026
- Motion to proceed to consideration of measure rejected in Senate by Voice Vote. (consideration: CR S2267)
- 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. 396.
- 3/26/2026
- 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.