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 "Fair Debt Collection Practices Act (Regulation F); Time-Barred Debt".
About This Bill
Committee
Latest Action · March 17, 2026
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
This joint resolution uses the Congressional Review Act to block the Consumer Financial Protection Bureau from withdrawing a consumer protection rule about time-barred debt collection. The CFPB had established regulations in 2023 that restricted how debt collectors could pursue very old debts where the legal time limit for lawsuits had expired, but then moved to withdraw those protections in 2025. If passed, this resolution would prevent the CFPB from eliminating those consumer protections and keep the original 2023 rules in place. The legislation affects consumers with old debts and the debt collection industry, ensuring that collectors cannot easily pursue debts that are too old to be legally enforceable in court. The resolution was introduced in March 2026 and placed on the Senate calendar in April 2026 after being discharged from committee through a petition process.
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