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 "Fair Debt Collection Practices Act (Regulation F); Time-Barred Debt".
USA119th CongressSJRES-126| Senate
| Updated: 5/13/2026
Andy Kim
Democratic Senator
New Jersey
Banking, Housing, and Urban Affairs Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
This joint resolution proposes to disapprove, under the Congressional Review Act, a specific rule promulgated by the Bureau of Consumer Financial Protection (BCFP). The rule targeted for disapproval is the BCFP's action to withdraw a prior regulation titled "Fair Debt Collection Practices Act (Regulation F); Time-Barred Debt." By passing this resolution, Congress would nullify the BCFP's withdrawal rule, meaning it would have no legal force or effect . This action would effectively prevent the BCFP from removing the existing regulation concerning time-barred debt, thereby maintaining the status quo of that particular rule.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 382.
Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).
Motion to proceed to consideration of measure rejected in Senate by Voice Vote.
Motion to proceed to consideration of measure rejected in Senate by Voice Vote. (consideration: CR S2269)
Finance and Financial Sector
Administrative law and regulatory proceduresCongressional oversightConsumer creditConsumer Financial Protection BureauDebt collection
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 "Fair Debt Collection Practices Act (Regulation F); Time-Barred Debt".
USA119th CongressSJRES-126| Senate
| Updated: 5/13/2026
This joint resolution proposes to disapprove, under the Congressional Review Act, a specific rule promulgated by the Bureau of Consumer Financial Protection (BCFP). The rule targeted for disapproval is the BCFP's action to withdraw a prior regulation titled "Fair Debt Collection Practices Act (Regulation F); Time-Barred Debt." By passing this resolution, Congress would nullify the BCFP's withdrawal rule, meaning it would have no legal force or effect . This action would effectively prevent the BCFP from removing the existing regulation concerning time-barred debt, thereby maintaining the status quo of that particular rule.
Suggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 382.
Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).
Motion to proceed to consideration of measure rejected in Senate by Voice Vote.
Motion to proceed to consideration of measure rejected in Senate by Voice Vote. (consideration: CR S2269)
Andy Kim
Democratic Senator
New Jersey
Banking, Housing, and Urban Affairs Committee
Finance and Financial Sector
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Administrative law and regulatory proceduresCongressional oversightConsumer creditConsumer Financial Protection BureauDebt collection