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 "Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders; Rescission".
About This Bill
Committee
Latest Action · April 13, 2026
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
This joint resolution seeks to block a recent action by the Bureau of Consumer Financial Protection to withdraw a registry rule related to nonbank financial companies. The rule in question, which was rescinded by the agency in October 2025, had required the bureau to maintain a registry of nonbank covered persons subject to certain agency and court orders. By passing this resolution, Congress would disapprove of the bureau's decision to eliminate this registry requirement, effectively preventing the rescission from taking effect. The resolution uses the Congressional Review Act, a procedure that allows Congress to overturn federal agency rules within a specified timeframe. No specific funding or implementation timeline is included in the resolution itself.
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