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 "Truth in Lending (Regulation Z); Consumer Protections for Home Sales Financed Under Contracts for Deed".

United States119th CongressSJRES-149Senate
Updated: May 13, 2026

Summary

This joint resolution seeks to invoke congressional disapproval, under the Congressional Review Act, against a specific rule issued by the Bureau of Consumer Financial Protection (BCFP). The BCFP rule in question, published in May 2025, concerned the withdrawal of consumer protections for home sales financed through contracts for deed, which were originally established under Truth in Lending (Regulation Z). By passing this resolution, Congress would effectively prevent the BCFP's withdrawal of these protections from taking effect. The intent is to ensure that the consumer safeguards for contracts for deed remain in force or are reinstated, thereby continuing to protect buyers involved in these particular types of home sales transactions.

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Timeline

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

    Senate

  2. Placed on Senate Legislative Calendar under General Orders. Calendar No. 396.

    Senate

  3. Motion to proceed to consideration of measure rejected in Senate by Voice Vote.

    Senate

  4. Motion to proceed to consideration of measure rejected in Senate by Voice Vote. (consideration: CR S2267)

    Senate