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 "The Fair Credit Reporting Act's Limited Preemption of State Laws".
About This Bill
Committee
Latest Action · April 30, 2026
Referred to the House Committee on Financial Services.
This joint resolution uses Congress's power to overturn federal agency rules and rejects a decision by the Bureau of Consumer Financial Protection to withdraw a previous rule about the Fair Credit Reporting Act's preemption of state laws. The underlying issue concerns how much state consumer protection laws can apply to credit reporting practices when federal law might limit that authority. By passing this resolution, Congress would prevent the agency's withdrawal from taking effect, meaning the previous rule about state preemption would remain in place. The resolution was introduced in April 2026 and referred to the House Committee on Financial Services. No specific funding or implementation timeline is mentioned in the legislation.
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