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

USA119th CongressSJRES-149| Senate 
| Updated: 4/27/2026
Charles E. Schumer

Charles E. Schumer

Democratic Senator

New York

Banking, Housing, and Urban Affairs Committee

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

Bill Text Versions

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Timeline
Mar 26, 2026
Introduced in Senate
Mar 26, 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. 396.
Apr 27, 2026
Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).
Apr 30, 2026

Latest Companion Bill Action

HJRES 119-162
Introduced in House
  • March 26, 2026
    Introduced in Senate


  • March 26, 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. 396.


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


  • April 30, 2026

    Latest Companion Bill Action

    HJRES 119-162
    Introduced in House

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

USA119th CongressSJRES-149| Senate 
| Updated: 4/27/2026
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.

Bill Text Versions

View Text
2 versions available

Suggested Questions

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

Timeline
Mar 26, 2026
Introduced in Senate
Mar 26, 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. 396.
Apr 27, 2026
Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).
Apr 30, 2026

Latest Companion Bill Action

HJRES 119-162
Introduced in House
  • March 26, 2026
    Introduced in Senate


  • March 26, 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. 396.


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


  • April 30, 2026

    Latest Companion Bill Action

    HJRES 119-162
    Introduced in House
Charles E. Schumer

Charles E. Schumer

Democratic Senator

New York

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

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