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US SJR154

Joint Resolution

Official Source

Status

Introduced

3/26/2026

Primary Sponsor

Cory Booker

Click for details

Origin

Senate

119th Congress

AI Summary

  • Congressional disapproval resolution under the Congressional Review Act targeting a CFPB rule published May 12, 2025 (90 Fed. Reg. 20084)

  • The CFPB rule being disapproved withdrew an earlier 2022 regulation (87 Fed. Reg. 30097, May 18, 2022) regarding Equal Credit Opportunity Act protections

  • The withdrawn 2022 rule addressed Regulation B provisions concerning revocations or unfavorable changes to existing credit arrangements

  • If enacted, the CFPB's withdrawal rule would have no force or effect, effectively reinstating the original 2022 consumer credit protections

  • Introduced by Senator Booker on March 26, 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 "Equal Credit Opportunity (Regulation B); Revocations or Unfavorable Changes to the Terms of Existing Credit Arrangements".

Finance and financial sector

Last Action

Placed on Senate Legislative Calendar under General Orders. Calendar No. 398.

4/27/2026

Committee Referrals

Banking, Housing, And Urban Affairs3/26/2026

Full Bill Text

No bill text available