119th (2025–2027)
S.J.Res. 134
This joint resolution uses Congress's authority under the Congressional Review Act to block the Consumer Financial Protection Bureau from withdrawing a rule about "buy now, pay later" loans accessed through digital accounts. The original rule, issued in May 2024, required these popular short-term lending services to follow the same Truth in Lending Act disclosure requirements as traditional credit cards, ensuring consumers receive clear information about costs and terms. The CFPB later withdrew this rule in May 2025, but Congress now seeks to disapprove that withdrawal action. If passed, this resolution would restore the original consumer protection rule, affecting millions of Americans who use buy now, pay later services from companies like Affirm, Klarna, and Afterpay. 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.