SJRES 179
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 "Disclosure of Consumer Complaint Data".
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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 consumer financial companies to disclose complaint data to the government. Congress is using the process of congressional disapproval to effectively nullify this Bureau action.
Key provisions
- Congress disapproves of the Bureau of Consumer Financial Protection’s rule.
- The rule regarding the withdrawal of the consumer complaint data disclosure rule is invalidated.
- The disapproved rule will not be enforced.
- This action utilizes the congressional disapproval process under Title 5 of the United States Code.
Who is affected
- Consumer Financial Protection Bureau
- Consumer financial companies
- Federal government agencies
Notable changes
- This resolution reverses a previous Bureau of Consumer Financial Protection rule.
- It restores the previous requirement for consumer financial companies to report complaint data.
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119th CONGRESS — 2d Session
S. J. RES. 179
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 Disclosure of Consumer Complaint Data
.
That Congress disapproves the rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to Disclosure of Consumer Complaint Data (78 Fed. Reg. 21218 (April 10, 2013))
(90 Fed. Reg. 20084 (May 12, 2025)), and such rule shall have no force or effect.