Loading chat...
US SJR142
Joint Resolution
AI Summary
-
Congress would disapprove and nullify the National Credit Union Administration's rule titled "Withdrawal of Fee Reporting Requirements," issued March 3, 2025
-
The resolution invokes the Congressional Review Act (chapter 8 of title 5, U.S. Code), which allows Congress to overturn federal agency rules
-
The Government Accountability Office issued a letter of opinion on January 16, 2026, confirming that the NCUA's withdrawal action qualifies as a "rule" subject to congressional review
-
If enacted, the NCUA rule would have no force or effect, effectively reinstating the fee reporting requirements that the agency had withdrawn
-
Introduced by Senators Warren, Booker, and Blumenthal on March 24, 2026, and referred to the 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 National Credit Union Administration relating to "Withdrawal of Fee Reporting Requirements".
Last Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
3/24/2026