Bill · S.J.Res. 177· Senate(119-SJRES-177)
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 "Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders; Rescission".
- Introduced
- 4/13/2026
- Last activity
- 4/13/2026 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- Elizabeth Warren
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This joint resolution aims to express congressional disapproval of a specific rule submitted by the Bureau of Consumer Financial Protection. The rule in question involves the "Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders; Rescission." If passed, the resolution would ensure that this rule has no force or effect.
Yes
No question was scored yes.
The opposite
Does this give people more protection from unfair business practices?-3
The resolution prevents the implementation of a rule that would have required a registry for certain nonbank entities, potentially reducing oversight of consumer-facing financial institutions.
Would households on low incomes be better off under this?-2
The removal of potential registry oversight for nonbank financial entities may reduce protections for low-income consumers.
Does this give the federal government more power?-2
By nullifying a Bureau of Consumer Financial Protection rule, the resolution limits the agency's regulatory reach.
Who it would affect, and how
Potential Positive Impacts for People
- Prevention of Rule Effect: By disapproving the rule, the resolution ensures that the Bureau's rule regarding the "Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders; Rescission" shall have no force or effect.
Potential Negative Impacts for People
- No specific negative impacts provided: The provided text does not contain information regarding 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.
- Economy And Finance
- Improves Consumer Protection-3
- Demographic And Interest Groups
- Good For Low Income Households-2
- Governance And Ideology
- Increases Federal Power-2
- 4/13/2026
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Introduced in Senate