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US SJR131
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 withdrawal published May 12, 2025 (90 Fed. Reg. 20084)
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The targeted withdrawal rescinded CFPB Circular 2024-02, which addressed deceptive marketing practices related to the speed or cost of remittance transfers (originally published April 17, 2024, 89 Fed. Reg. 27357)
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If enacted, the CFPB's withdrawal rule would have no force or effect, effectively reinstating the original consumer protection circular on remittance transfer marketing
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Introduced by Senator Gallego on March 18, 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 "Consumer Financial Protection Circular 2024-02: Deceptive Marketing Practices About the Speed or Cost of Sending a Remittance Transfer".
Finance and financial sector
Last Action
Placed on Senate Legislative Calendar under General Orders. Calendar No. 387.
4/27/2026