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 "Consumer Financial Protection Circular 2022-04: Insufficient Data Protection or Security for Sensitive Consumer Information".
About This Bill
Committee
Latest Action · May 7, 2026
Referred to the House Committee on Financial Services.
This joint resolution would block the Consumer Financial Protection Bureau from withdrawing a 2022 rule designed to protect sensitive consumer financial information from inadequate data security practices. The rule, originally issued in August 2022, established standards for how companies must safeguard sensitive consumer data like Social Security numbers and financial account information. The CFPB attempted to withdraw this rule in May 2025, but this resolution uses the congressional disapproval process to invalidate that withdrawal and keep the consumer protection standards in place. If passed, the original data protection requirements would remain enforceable against financial companies and other entities that handle sensitive consumer information. The measure was introduced by Representative Maxine Waters and referred to the House Committee on Financial Services in May 2026.
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