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 "Consumer Financial Protection Circular 2024-01: Preferencing and Steering Practices by Digital Intermediaries for Consumer Financial Products or Services".
This joint resolution seeks to invoke congressional disapproval under the Congressional Review Act to nullify a specific action taken by the Bureau of Consumer Financial Protection (CFPB). The resolution targets the CFPB's rule that withdrew its own "Consumer Financial Protection Circular 2024-01." This original circular provided guidance on preferencing and steering practices by digital intermediaries concerning consumer financial products or services. By disapproving this withdrawal, the resolution aims to prevent the rescission of Circular 2024-01. If enacted, the CFPB's attempt to remove its guidance on how digital platforms influence consumer choices for financial products would be rendered without force or effect, thereby maintaining the circular's provisions.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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 "Consumer Financial Protection Circular 2024-01: Preferencing and Steering Practices by Digital Intermediaries for Consumer Financial Products or Services".
USA119th CongressSJRES-168| Senate
| Updated: 4/13/2026
This joint resolution seeks to invoke congressional disapproval under the Congressional Review Act to nullify a specific action taken by the Bureau of Consumer Financial Protection (CFPB). The resolution targets the CFPB's rule that withdrew its own "Consumer Financial Protection Circular 2024-01." This original circular provided guidance on preferencing and steering practices by digital intermediaries concerning consumer financial products or services. By disapproving this withdrawal, the resolution aims to prevent the rescission of Circular 2024-01. If enacted, the CFPB's attempt to remove its guidance on how digital platforms influence consumer choices for financial products would be rendered without force or effect, thereby maintaining the circular's provisions.