Bills · SJRES 147
IN COMMITTEE· 119TH CONGRESS
Senate Joint Res.SJRES 147Consumer Financial Protection BureauAdministrative law and regulatory procedures
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".
This resolution cancels a decision by the consumer protection agency to withdraw its specific guidelines on how it identifies and punishes abusive behavior by financial companies.AI-written
INTRO MAR 25· LAST ACTION MAY 13
READING
2MIN
COSPONSORS
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READER REACTIONS0 TOTAL
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- Introduced only
tl;dr
AI-writtenPrevents the Consumer Financial Protection Bureau from rolling back strict rules against 'abusive' banking practices, ensuring the government maintains a clear roadmap for punishing lenders who exploit customers.
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThe term 'abusive' is a legal standard, but its exact meaning can be vague. The 2023 policy provided a detailed roadmap for what counts as an abusive practice, such as taking advantage of a customer's lack of understanding. If the policy is withdrawn, there is less clarity for both businesses and consumers about what is legal.
If this bill becomes law, it forces the government to keep a stricter, more defined set of rules. This matters because it makes it easier for regulators to sue companies that mistreat customers and harder for those companies to claim they didn't know they were breaking the law.
KEY PROVISIONS
3AI-extractedPROVISION 01
Disapproves the CFPB rule that withdrew the 2023 Statement of Policy regarding abusive acts.
It uses a special fast-track power (Congressional Review Act) to jump-start or maintain consumer protection standards.
PROVISION 02
Declares that the withdrawal of the policy shall have 'no force or effect.'
This legally voids the agency's attempt to change its enforcement stance.
PROVISION 03
Effectively restores the April 12, 2023, policy standards.
It reinstates a specific legal framework for how the government identifies when a company has exploited a consumer.
SPONSORSHIP
1 + 0
D· Illinois
YRS IN OFFICE
43
BILLS LED
136
ACTION TIMELINE
7 EVENTSMAY 13
Motion to proceed to consideration of measure rejected in Senate by Voice Vote. (consideration: CR S2271-2272)
APR 27
Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).
APR 27
Placed on Senate Legislative Calendar under General Orders. Calendar No. 395.
MAR 25
Introduced in Senate
BILL INFO
TypeSenate Joint Resolution
NumberSJRES 147
Congress119th
StatusIn Committee
IntroducedMar 25, 2026
Last actionMay 13, 2026
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IN COMMITTEE· 119TH CONGRESS · BANKING, HOUSING, AND URBAN AFFAIRS COMMITTEE · INTRODUCED MAR 25, 2026
Senate Joint Res.SJRES 147Consumer Financial Protection BureauAdministrative law and regulatory procedures
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".
This resolution cancels a decision by the consumer protection agency to withdraw its specific guidelines on how it identifies and punishes abusive behavior by financial companies.AI-written
INTRODUCED MAR 25, 2026· LAST ACTION MAY 13, 2026
PASSAGE CHANCES
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