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 Credit Reporting; File Disclosure".
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 overturn a decision by the Consumer Financial Protection Bureau (CFPB) to withdraw a rule about credit reporting file disclosure requirements. The CFPB had originally created a rule in 2024 requiring certain disclosures when consumers access their credit files, but then withdrew that rule in May 2025. Senator Kim introduced this resolution in March 2026 to disapprove of the CFPB's withdrawal, which would effectively restore the original 2024 credit reporting disclosure rule. The resolution would primarily affect consumers seeking access to their credit information and the financial institutions that must provide those disclosures. No specific funding or implementation timelines are included, as this is a regulatory disapproval action rather than a spending measure.
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