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SJRES 126 Advanced toward a vote

Overturns the Consumer Financial Protection Bureau's 2025 withdrawal of its rule on collecting time-barred debt, which would have restricted debt collectors from suing or threatening to sue over old debts.

Official title: 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 "Fair Debt Collection Practices Act (Regulation F); Time-Barred Debt".

Next stop Senate floor: awaiting a vote
Timeline each lane is a chamber; dates pull from congress.gov actions
Senate
Introduced 17-MAR-2026
Referred 17-MAR-2026
On the calendar 27-APR-2026
Key points
  • Disapproves the Consumer Financial Protection Bureau's rule withdrawing its 2023 Regulation F amendments on time-barred debt (90 Fed. Reg. 20084, May 12, 2025)
  • Declares that the withdrawal rule shall have no force or effect
  • Was introduced in the Senate on March 17, 2026 and discharged from committee by petition on April 27, 2026
AI-generated from the Placed on Calendar Senate text of 27-APR-2026 · verify · report an error
Official CRS summary

No CRS summary yet. CRS writes one for most bills, often months after they move.

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Committee referrals (1) Policy area

Finance and Financial Sector

Sponsor Andy Kim (D-NJ) Cosponsors · 0

No cosponsors.