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