SJRES 160
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 Financial Protection Circular 2023-01: Unlawful Negative Option Marketing Practices".
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Bill overview
This joint resolution seeks to overturn a rule issued by the Bureau of Consumer Financial Protection. The rule concerned the withdrawal of a previous rule regarding ‘unlawful negative option marketing practices’ (Consumer Financial Protection Circular 2023-01). Congress is using the process of congressional disapproval to invalidate this specific Bureau rule, effectively rendering it unenforceable.
Key provisions
- Congress disapproves the Bureau of Consumer Financial Protection rule.
- The rule regarding Consumer Financial Protection Circular 2023-01 is nullified.
- The rule’s withdrawal is challenged through congressional action.
- The resolution asserts that the disapproved rule will have no legal effect.
Who is affected
- Consumers
- The Bureau of Consumer Financial Protection
- Financial Institutions
Notable changes
- This resolution directly challenges a recent Bureau of Consumer Financial Protection rule.
- It utilizes congressional disapproval as a mechanism to overturn agency actions.
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119th CONGRESS — 2d Session
S. J. RES. 160
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 Financial Protection Circular 2023–01: Unlawful Negative Option Marketing Practices
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That Congress disapproves the rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to Consumer Financial Protection Circular 2023–01: Unlawful Negative Option Marketing Practices (88 Fed. Reg. 5727 (January 30, 2023))
(90 Fed. Reg. 20086 (May 12, 2025)), and such rule shall have no force or effect.