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 "Fair Credit Reporting Act; Preemption of State Laws".
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Committee
Latest Action · March 25, 2026
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
S.J.Res. 144 is a congressional disapproval resolution that would block a rule issued by the Bureau of Consumer Financial Protection concerning how federal Fair Credit Reporting Act regulations override, or "preempt," state laws on consumer credit reporting. If passed by both chambers of Congress, the rule—published in the Federal Register on May 12, 2025—would be invalidated and have no legal effect. The resolution affects credit reporting agencies, financial institutions, and state governments that may have their own credit reporting protections. This is a legislative tool known as a Congressional Review Act disapproval, which allows Congress to overturn federal agency rules without going through the normal regulatory process. The measure was introduced in March 2026 and referred to the Senate Banking Committee.
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