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US HJR74
Joint Resolution
Status
3/6/2025
Primary Sponsor
Ralph Norman
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AI Summary
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Disapproves and nullifies the Consumer Financial Protection Bureau's Regulation V rule that prohibits creditors and consumer reporting agencies from using medical information in credit decisions
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Uses the Congressional Review Act to overturn the CFPB rule, which would prevent the agency from issuing a substantially similar rule in the future
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Introduced March 6, 2025 by Rep. Ralph Norman with 13 Republican cosponsors and referred to the House Committee on Financial Services
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Would effectively allow medical debt information to continue appearing on consumer credit reports and be used in lending decisions
Legislative Description
Disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Prohibition on Creditors and Consumer Reporting Agencies Concerning Medical Information (Regulation V)".
Finance and financial sector
Last Action
Referred to the House Committee on Financial Services.
3/6/2025