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 the withdrawal of the rule relating to "Procedures for Supervisory Designation Proceedings".
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 would disapprove a rule issued by the Bureau of Consumer Financial Protection that withdrew an earlier rule about procedures for supervisory designation proceedings. Under federal law, Congress can use this "disapproval" process to reject regulations issued by federal agencies. If passed, the withdrawn rule would be restored and the agency's action to eliminate it would be reversed. The resolution was introduced by Senator Elizabeth Warren and referred to the Senate Banking Committee in April 2026. The underlying regulatory dispute concerns the procedures the consumer protection agency uses when designating certain companies for heightened supervision, though the resolution does not specify funding or implementation timelines.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.