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".
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Latest action
- May 11, 2026
What it does
This joint resolution seeks to overturn a rule issued by the Bureau of Consumer Financial Protection that withdrew the agency’s prior statement of policy prohibiting abusive acts or practices in consumer financial products and services. If enacted, the resolution would nullify that withdrawal rule, effectively reinstating the original policy statement’s force and effect. The measure affects the Bureau of Consumer Financial Protection and financial institutions subject to its regulations, particularly regarding oversight of unfair or abusive practices. It was introduced in the House and referred to the Committee on Financial Services for further consideration.
AI summary · The lawmakers haven’t published an official summary of this bill yet, so 52 wrote this one from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
While a bill can still move, the questions are about people and money.