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US SJR147
Joint Resolution
AI Summary
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Uses the Congressional Review Act (chapter 8 of title 5, U.S. Code) to disapprove a CFPB rule published May 12, 2025 (90 Fed. Reg. 20084)
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Targets the CFPB's withdrawal of its April 12, 2023 "Statement of Policy Regarding Prohibition on Abusive Acts or Practices" (88 Fed. Reg. 21883)
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Would nullify the withdrawal rule, effectively restoring the original 2023 policy statement on abusive practices
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Introduced by Senator Durbin on March 25, 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 Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to "Statement of Policy Regarding Prohibition on Abusive Acts or Practices".
Finance and financial sector
Last Action
Placed on Senate Legislative Calendar under General Orders. Calendar No. 395.
4/27/2026