Bill · S.J.Res. 155· Senate(119-SJRES-155)
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".
- Introduced
- 3/26/2026
- Last activity
- 5/13/2026 — Motion to proceed to consideration of measure rejected in Senate by Voice Vote. (consideration: CR S2268-2269)
- Sponsored by
- Sheldon Whitehouse
- Cosponsors
- None
- Introduced
What this bill would do
This joint resolution aims to provide congressional disapproval of a specific rule submitted by the Bureau of Consumer Financial Protection. The rule in question relates to the "Fair Credit Reporting Act; Preemption of State Laws." If passed, the resolution would ensure that the rule has no force or effect.
Yes
Does this leave more decisions to the states?+5
By disapproving a federal rule that addresses the preemption of state laws, the resolution potentially preserves the ability of states to maintain their own regulatory standards.
The opposite
Does this give people more protection from unfair business practices?-5
The resolution disapproves a rule regarding the Fair Credit Reporting Act, which may reduce the ability of states to enforce consumer protections through preemption.
Would households on low incomes be better off under this?-3
The disapproval of a consumer protection rule could potentially limit the efficacy of state-level protections for low-income consumers.
Who it would affect, and how
Potential Positive Impacts for People
- Nullification of the Bureau's Rule: By providing congressional disapproval, this resolution would prevent the rule relating to "Fair Credit Reporting Act; Preemption of State Laws" from having any force or effect.
Potential Negative Impacts for People
- No details provided: The provided text does not contain specific details regarding the contents of the rule or the consequences of its disapproval, so no negative impacts can be identified from the text provided.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Improves Consumer Protection-5
- Governance And Ideology
- Increase States Rights+5
- Demographic And Interest Groups
- Good For Low Income Households-3
- 5/13/2026
- Motion to proceed to consideration of measure rejected in Senate by Voice Vote. (consideration: CR S2268-2269)
- 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. 399.
- 3/26/2026
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Introduced in Senate