HJRES 178
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 "Examinations for Risks to Active-Duty Servicemembers and Their Covered Dependents".
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Bill overview
This joint resolution seeks to overturn a rule issued by the Bureau of Consumer Financial Protection. The rule in question concerned the withdrawal of a rule that directed financial institutions to examine risks to active-duty service members and their covered dependents. Congress is using the process of congressional disapproval to invalidate this specific rule, effectively preventing it from being implemented.
Key provisions
- Congress disapproves the Bureau of Consumer Financial Protection rule.
- The rule regarding examinations for service members is nullified.
- The resolution utilizes the congressional disapproval process.
- It references the specific Federal Register notice (86 Fed. Reg. 32723 and 90 Fed. Reg. 20084).
- The rule is deemed to have no force or effect.
Who is affected
- Active-duty service members
- Covered dependents of active-duty service members
- Financial institutions subject to the rule
- The Bureau of Consumer Financial Protection
- Congress
Notable changes
- This action reverses a prior Bureau of Consumer Financial Protection rule.
- It removes a requirement for financial institutions to assess risks to service members.
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119th CONGRESS — 2d Session
H. J. RES. 178
IN THE HOUSE OF REPRESENTATIVES
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 Examinations for Risks to Active-Duty Servicemembers and Their Covered Dependents
.
That Congress disapproves the rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to Examinations for Risks to Active-Duty Servicemembers and Their Covered Dependents (86 Fed. Reg. 32723 (June 23, 2021))
(90 Fed. Reg. 20084 (May 12, 2025)), and such rule shall have no force or effect.