SJRES 167
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 "Consumer Information Requests to Large Banks and Credit Unions".
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This joint resolution aims to overturn a rule issued by the Bureau of Consumer Financial Protection. The rule in question concerned the withdrawal of a previous rule that required large banks and credit unions to provide consumers with easy access to their financial information. Congress is using the process of congressional disapproval to effectively nullify this Bureau rule.
Key provisions
- Congress disapproves of the Bureau of Consumer Financial Protection’s rule.
- The rule regarding consumer information requests to large banks and credit unions is invalidated.
- The rule’s withdrawal is formally rejected.
- The disapproved rule will not be enforced.
Who is affected
- Large banks
- Credit unions
- Consumers
Notable changes
- This action reverses a recent Bureau of Consumer Financial Protection rule.
- It restores the previous requirement for banks to provide consumer information requests.
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.
119th CONGRESS — 2d Session
S. J. RES. 167
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 Consumer Information Requests to Large Banks and Credit Unions
.
That Congress disapproves the rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to Consumer Information Requests to Large Banks and Credit Unions (88 Fed. Reg. 71279 (October 16, 2023))
(90 Fed. Reg. 20084 (May 12, 2025)), and such rule shall have no force or effect.