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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 "Statement of Policy Regarding Prohibition on Abusive Acts or Practices".

USA119th CongressSJRES-147| Senate 
| Updated: 4/27/2026
Richard J. Durbin

Richard J. Durbin

Democratic Senator

Illinois

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This joint resolution proposes congressional disapproval, under the Congressional Review Act, of a specific rule promulgated by the Bureau of Consumer Financial Protection (BCFP). The rule in question is the BCFP's action to withdraw its previously established "Statement of Policy Regarding Prohibition on Abusive Acts or Practices." This withdrawal was published in the Federal Register on May 12, 2025. Should this resolution be enacted, the BCFP's rule withdrawing the policy statement would be nullified and rendered without force or effect. The primary aim is to prevent the BCFP from removing its guidance concerning the prohibition of abusive acts or practices in the consumer financial market, thereby effectively maintaining the original policy statement.
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Timeline
Mar 25, 2026
Introduced in Senate
Mar 25, 2026
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text: CR S1617)
Mar 25, 2026
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Apr 27, 2026
Placed on Senate Legislative Calendar under General Orders. Calendar No. 395.
Apr 27, 2026
Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).
  • March 25, 2026
    Introduced in Senate


  • March 25, 2026
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text: CR S1617)


  • March 25, 2026
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • April 27, 2026
    Placed on Senate Legislative Calendar under General Orders. Calendar No. 395.


  • April 27, 2026
    Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).

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 "Statement of Policy Regarding Prohibition on Abusive Acts or Practices".

USA119th CongressSJRES-147| Senate 
| Updated: 4/27/2026
This joint resolution proposes congressional disapproval, under the Congressional Review Act, of a specific rule promulgated by the Bureau of Consumer Financial Protection (BCFP). The rule in question is the BCFP's action to withdraw its previously established "Statement of Policy Regarding Prohibition on Abusive Acts or Practices." This withdrawal was published in the Federal Register on May 12, 2025. Should this resolution be enacted, the BCFP's rule withdrawing the policy statement would be nullified and rendered without force or effect. The primary aim is to prevent the BCFP from removing its guidance concerning the prohibition of abusive acts or practices in the consumer financial market, thereby effectively maintaining the original policy statement.
View Full Text

Suggested Questions

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

Timeline
Mar 25, 2026
Introduced in Senate
Mar 25, 2026
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text: CR S1617)
Mar 25, 2026
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Apr 27, 2026
Placed on Senate Legislative Calendar under General Orders. Calendar No. 395.
Apr 27, 2026
Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).
  • March 25, 2026
    Introduced in Senate


  • March 25, 2026
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text: CR S1617)


  • March 25, 2026
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • April 27, 2026
    Placed on Senate Legislative Calendar under General Orders. Calendar No. 395.


  • April 27, 2026
    Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).
Richard J. Durbin

Richard J. Durbin

Democratic Senator

Illinois

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

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