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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 Protections for Home Sales Financed Under Contracts for Deed".

USA119th CongressHJRES-162| House 
| Updated: 4/30/2026
Emanuel Cleaver

Emanuel Cleaver

Democratic Representative

Missouri

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This joint resolution utilizes the Congressional Review Act to express congressional disapproval of a specific rule issued by the Bureau of Consumer Financial Protection (BCFP). The BCFP's rule, published in May 2025, aimed to withdraw existing consumer protections related to home sales financed through contracts for deed, which were established under Regulation Z of the Truth in Lending Act. By enacting this resolution, Congress intends to block the BCFP's withdrawal rule , effectively preventing the removal of these safeguards. Consequently, if this resolution becomes law, the consumer protections for individuals purchasing homes via contracts for deed would remain in force, ensuring continued regulatory oversight in this area of financial transactions.
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Timeline
Apr 27, 2026

Latest Companion Bill Action

SJRES 119-149
Placed on Senate Legislative Calendar under General Orders. Calendar No. 396.
Apr 30, 2026
Introduced in House
Apr 30, 2026
Referred to the House Committee on Financial Services.
  • April 27, 2026

    Latest Companion Bill Action

    SJRES 119-149
    Placed on Senate Legislative Calendar under General Orders. Calendar No. 396.


  • April 30, 2026
    Introduced in House


  • April 30, 2026
    Referred to the House Committee on Financial Services.

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 Protections for Home Sales Financed Under Contracts for Deed".

USA119th CongressHJRES-162| House 
| Updated: 4/30/2026
This joint resolution utilizes the Congressional Review Act to express congressional disapproval of a specific rule issued by the Bureau of Consumer Financial Protection (BCFP). The BCFP's rule, published in May 2025, aimed to withdraw existing consumer protections related to home sales financed through contracts for deed, which were established under Regulation Z of the Truth in Lending Act. By enacting this resolution, Congress intends to block the BCFP's withdrawal rule , effectively preventing the removal of these safeguards. Consequently, if this resolution becomes law, the consumer protections for individuals purchasing homes via contracts for deed would remain in force, ensuring continued regulatory oversight in this area of financial transactions.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Apr 27, 2026

Latest Companion Bill Action

SJRES 119-149
Placed on Senate Legislative Calendar under General Orders. Calendar No. 396.
Apr 30, 2026
Introduced in House
Apr 30, 2026
Referred to the House Committee on Financial Services.
  • April 27, 2026

    Latest Companion Bill Action

    SJRES 119-149
    Placed on Senate Legislative Calendar under General Orders. Calendar No. 396.


  • April 30, 2026
    Introduced in House


  • April 30, 2026
    Referred to the House Committee on Financial Services.
Emanuel Cleaver

Emanuel Cleaver

Democratic Representative

Missouri

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted