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 "The Fair Credit Reporting Act's Limited Preemption of State Laws".
USA119th CongressSJRES-129| Senate
| Updated: 5/13/2026
Catherine Cortez Masto
Democratic Senator
Nevada
Banking, Housing, and Urban Affairs Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
This joint resolution seeks to exercise congressional disapproval under the Congressional Review Act regarding a specific action taken by the Bureau of Consumer Financial Protection (BCFP). Congress aims to disapprove the BCFP's rule that withdrew a prior regulation concerning the scope of the Fair Credit Reporting Act's (FCRA) limited preemption of state laws . The BCFP's original rule, issued in 2022, had clarified the extent to which federal FCRA provisions supersede state laws. In 2025, the BCFP issued a new rule to withdraw this 2022 clarification, which is the target of this resolution. If enacted, this joint resolution would nullify the BCFP's withdrawal rule, ensuring it has no legal force or effect and thereby preserving the original preemption 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. 385.
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 S2271)
Finance and Financial Sector
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 "The Fair Credit Reporting Act's Limited Preemption of State Laws".
USA119th CongressSJRES-129| Senate
| Updated: 5/13/2026
This joint resolution seeks to exercise congressional disapproval under the Congressional Review Act regarding a specific action taken by the Bureau of Consumer Financial Protection (BCFP). Congress aims to disapprove the BCFP's rule that withdrew a prior regulation concerning the scope of the Fair Credit Reporting Act's (FCRA) limited preemption of state laws . The BCFP's original rule, issued in 2022, had clarified the extent to which federal FCRA provisions supersede state laws. In 2025, the BCFP issued a new rule to withdraw this 2022 clarification, which is the target of this resolution. If enacted, this joint resolution would nullify the BCFP's withdrawal rule, ensuring it has no legal force or effect and thereby preserving the original preemption 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. 385.
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 S2271)
Catherine Cortez Masto
Democratic Senator
Nevada
Banking, Housing, and Urban Affairs Committee
Finance and Financial Sector
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted