SJRES 178
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 "Procedures for Supervisory Designation Proceedings".
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Bill overview
This joint resolution aims to overturn a rule issued by the Bureau of Consumer Financial Protection. The rule concerned the withdrawal of a procedure for designating supervisory officials within the Bureau. Congress is using the process of congressional disapproval, outlined in U.S. Code, to invalidate this specific rule and prevent it from being implemented.
Key provisions
- Congress disapproves the Bureau of Consumer Financial Protection’s rule.
- The rule regarding ‘Procedures for Supervisory Designation Proceedings’ is invalidated.
- The rule’s withdrawal is nullified.
- The resolution utilizes congressional disapproval under Title 5 of the U.S. Code.
Who is affected
- Bureau of Consumer Financial Protection
- Financial Institutions
- Consumers
Notable changes
- This action seeks to reverse a specific Bureau rule.
- It establishes a congressional check on agency rulemaking.
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119th CONGRESS — 2d Session
S. J. RES. 178
IN THE SENATE OF THE UNITED STATES
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 Procedures for Supervisory Designation Proceedings
.
That Congress disapproves the rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to Procedures for Supervisory Designation Proceedings
(90 Fed. Reg. 46036 (September 25, 2025)), and such rule shall have no force or effect.