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US SJR126
Joint Resolution
AI Summary
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Congressional disapproval resolution under the Congressional Review Act (5 U.S.C. Chapter 8) targeting a CFPB rule published May 12, 2025 (90 Fed. Reg. 20084)
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The targeted CFPB rule withdrew an earlier May 1, 2023 regulation (88 Fed. Reg. 26475) concerning time-barred debt under the Fair Debt Collection Practices Act (Regulation F)
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If enacted, the CFPB's withdrawal rule would have no force or effect, effectively reinstating the original 2023 time-barred debt protections
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Introduced by Senator Kim on March 17, 2026 and referred to the Senate Committee on Banking, Housing, and Urban Affairs
Legislative Description
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 "Fair Debt Collection Practices Act (Regulation F); Time-Barred Debt".
Finance and financial sector
Last Action
Placed on Senate Legislative Calendar under General Orders. Calendar No. 382.
4/27/2026