SJRES 147 Advanced toward a vote

Overturns the Consumer Financial Protection Bureau's 2025 decision to withdraw its 2023 policy statement on abusive acts or practices, which would leave that policy in place.

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 "Statement of Policy Regarding Prohibition on Abusive Acts or Practices".

Next stop Senate floor: awaiting a vote

Timeline each lane is a chamber; dates pull from congress.gov actions

Senate

Introduced 25-MAR-2026

Referred 25-MAR-2026

On the calendar 27-APR-2026

Key points

Disapproves the Consumer Financial Protection Bureau's rule withdrawing its Statement of Policy Regarding Prohibition on Abusive Acts or Practices, published at 90 Fed. Reg. 20084 (May 12, 2025)
Declares that the withdrawal rule has no force or effect
Was introduced under the Congressional Review Act procedure in 5 U.S.C. 802, which allows Congress to disapprove a federal agency rule by joint resolution

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)

Banking, Housing, and Urban Affairs Committee (Senate)

Policy area

Finance and Financial Sector

Sponsor Richard J. Durbin (D-IL) Cosponsors · 0

No cosponsors.

congress.gov page Placed on Calendar Senate (27-APR-2026) Introduced in Senate (25-MAR-2026)