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 Credit Reporting; Permissible Purposes for Furnishing, Using, and Obtaining Consumer Reports".
USA119th CongressSJRES-145| Senate
| Updated: 5/13/2026
Ron Wyden
Democratic Senator
Oregon
Banking, Housing, and Urban Affairs Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
This joint resolution utilizes the Congressional Review Act to express disapproval of a specific rule issued by the Bureau of Consumer Financial Protection (BCFP). The BCFP rule, published in May 2025, aimed to withdraw a prior BCFP rule from July 2022. The earlier 2022 rule provided guidance on "Fair Credit Reporting; Permissible Purposes for Furnishing, Using, and Obtaining Consumer Reports." By disapproving the BCFP's withdrawal rule, Congress intends to nullify its effect, thereby ensuring that the original 2022 rule concerning permissible purposes for consumer reports remains in force. This action prevents the BCFP from removing its established guidance on how consumer reports can be furnished, used, and obtained.
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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. 394.
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 S2266-2267)
Finance and Financial Sector
Administrative law and regulatory proceduresCongressional oversightConsumer creditConsumer Financial Protection Bureau
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 Credit Reporting; Permissible Purposes for Furnishing, Using, and Obtaining Consumer Reports".
USA119th CongressSJRES-145| Senate
| Updated: 5/13/2026
This joint resolution utilizes the Congressional Review Act to express disapproval of a specific rule issued by the Bureau of Consumer Financial Protection (BCFP). The BCFP rule, published in May 2025, aimed to withdraw a prior BCFP rule from July 2022. The earlier 2022 rule provided guidance on "Fair Credit Reporting; Permissible Purposes for Furnishing, Using, and Obtaining Consumer Reports." By disapproving the BCFP's withdrawal rule, Congress intends to nullify its effect, thereby ensuring that the original 2022 rule concerning permissible purposes for consumer reports remains in force. This action prevents the BCFP from removing its established guidance on how consumer reports can be furnished, used, and obtained.
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. 394.
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 S2266-2267)
Ron Wyden
Democratic Senator
Oregon
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 Bureau