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SJRES 134 Advanced toward a vote

Disapproves the Consumer Financial Protection Bureau's May 2025 withdrawal of its rule on Truth in Lending requirements for buy now, pay later loans accessed through digital user accounts, and declares that withdrawal to have no force or effect.

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 "Truth in Lending (Regulation Z); Use of Digital User Accounts to Access Buy Now, Pay Later Loans".

Next stop Senate floor: awaiting a vote
Timeline each lane is a chamber; dates pull from congress.gov actions
Senate
Introduced 18-MAR-2026
Referred 18-MAR-2026
On the calendar 27-APR-2026
Key points
  • Uses the Congressional Review Act procedure in chapter 8 of title 5, United States Code, to disapprove a federal rule.
  • Targets the Bureau's withdrawal of its 2024 Truth in Lending rule on digital user accounts used to access buy now, pay later loans, published at 90 Fed. Reg. 20084 (May 12, 2025).
  • Declares that the withdrawal has no force or effect.
AI-generated from the Placed on Calendar Senate text of 27-APR-2026 · verify · report an error
Official CRS summary

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Committee referrals (1) Policy area

Finance and Financial Sector

Sponsor Jack Reed (D-RI) Cosponsors · 0

No cosponsors.