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US SJR156
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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Nullifies the CFPB's withdrawal of consumer protection regulations governing "earned wage access" products—credit offered to workers before receiving their paychecks
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Original consumer protection rule was published January 15, 2025 (90 Fed. Reg. 3622) under Truth in Lending Act Regulation Z requirements
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Introduced by Senator Merkley on March 26, 2026 and referred to the Senate Committee on Banking, Housing, and Urban Affairs
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If enacted, the withdrawal rule would have no force or effect, effectively reinstating the original January 2025 consumer lending protections
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 "Truth in Lending (Regulation Z); Consumer Credit Offered to Borrowers in Advance of Expected Receipt of Compensation for Work".
Finance and financial sector
Last Action
Placed on Senate Legislative Calendar under General Orders. Calendar No. 400.
4/27/2026