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".

United States119th CongressHJRES-180House of Representatives
Updated: May 11, 2026

Summary

This joint resolution aims to disapprove a specific rule issued by the Bureau of Consumer Financial Protection (BCFP) under the Congressional Review Act. The rule in question pertains to the BCFP's decision to withdraw its "Statement of Policy Regarding Prohibition on Abusive Acts or Practices." By disapproving this withdrawal rule, Congress intends to nullify its effect , meaning the BCFP's action to remove the policy statement would be reversed. Consequently, the original "Statement of Policy Regarding Prohibition on Abusive Acts or Practices" would effectively be reinstated, ensuring its continued application.

Bill texts

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Timeline

  1. Introduced in House

  2. Referred to the House Committee on Financial Services.

    House of Representatives

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