119th (2025–2027)
S.J.Res. 143
This joint resolution uses Congress's power to overturn federal regulations by disapproving a rule from the Consumer Financial Protection Bureau (CFPB) that withdrew consumer protections related to reopening bank deposit accounts. Specifically, the CFPB had issued guidance in 2023 requiring banks to reopen accounts that customers had previously closed, but later withdrew that requirement in May 2025—this resolution blocks that withdrawal. If approved, the rule allowing the CFPB to withdraw the guidance would be invalidated, meaning the original requirement to reopen closed accounts would remain in effect. The resolution protects consumers by preventing banks from permanently closing accounts without giving customers a chance to restore them. This legislation uses the Congressional Review Act, a process that allows Congress to quickly reject agency rules without the normal lengthy regulatory procedures.