Loading chat...
US SJR129
Joint Resolution
Status
3/17/2026
Primary Sponsor
Catherine Cortez Masto
Click for details
AI Summary
-
Congressional disapproval resolution under the Congressional Review Act targeting a Bureau of Consumer Financial Protection (CFPB) rule published May 12, 2025 (90 Fed. Reg. 20084)
-
The CFPB rule being disapproved withdrew a previous 2022 rule (87 Fed. Reg. 41042, July 11, 2022) regarding the Fair Credit Reporting Act's limited preemption of state laws
-
If enacted, the CFPB's withdrawal rule would have no force or effect, effectively restoring the original 2022 interpretation allowing states greater authority to enforce consumer credit reporting protections
-
Introduced March 17, 2026 by Senator Cortez Masto 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 "The Fair Credit Reporting Act's Limited Preemption of State Laws".
Finance and financial sector
Last Action
Placed on Senate Legislative Calendar under General Orders. Calendar No. 385.
4/27/2026