CONGRESS FOR VOTERS

RepublicanBill · S.J.Res. 36· Senate(119-SJRES-36)

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 "Prohibition on Creditors and Consumer Reporting Agencies Concerning Medical Information (Regulation V)".

Rep. Rounds
Age: 72 years
South Dakota
Introduced
3/11/2025
Last activity
3/11/2025 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsored by
Mike Rounds
Cosponsors
Republican - 5Democrat - 0
Finance and Financial Sector
  1. Introduced
  2. In Committee

What this bill would do

This joint resolution aims to overturn a specific rule issued by the Bureau of Consumer Financial Protection. The rule in question is titled "Prohibition on Creditors and Consumer Reporting Agencies Concerning Medical Information (Regulation V)". If passed, this resolution would ensure the rule has no force or effect. It was introduced by Mr. Rounds and several other senators.

Yes

  • Would business owners be better off under this?+2

    Financial institutions may face fewer regulatory restrictions regarding medical information.

The opposite· 3 of 6

  • Would households on low incomes be better off under this?-5

    Low-income households are often more vulnerable to credit-related issues involving medical debts.

  • Does this give people more protection from unfair business practices?-5

    The resolution overturns a rule designed to protect consumers from the impact of medical information in credit reporting.

  • Does this protect people from being watched or searched?-4

    By invalidating the rule, consumer medical privacy protections regarding credit reporting are diminished.