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".
About This Bill
Committee
Latest Action · March 26, 2026
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
This joint resolution would overturn a Consumer Financial Protection Bureau rule about state laws and credit reporting. The resolution uses the Congressional Review Act to disapprove the CFPB's "Fair Credit Reporting Act; Preemption of State Laws" rule that was published in October 2025. If passed by both chambers of Congress, this would nullify the CFPB rule and prevent it from taking effect. The resolution affects consumers, credit reporting agencies, and financial institutions by determining whether federal or state laws take precedence in regulating credit reporting practices. The measure was introduced in March 2026 and moved to the Senate calendar in April 2026 after the Banking Committee was discharged from further consideration.
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