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 "Statement of Policy Regarding Prohibition on Abusive Acts or Practices".
About This Bill
Committee
Latest Action · May 11, 2026
Referred to the House Committee on Financial Services.
This joint resolution uses Congress's disapproval power to block a rule from the Bureau of Consumer Financial Protection that would withdraw an earlier policy statement on prohibiting abusive acts or practices by financial companies. If passed by both chambers and signed by the President, the withdrawal rule would be invalidated and have no legal effect, meaning the original consumer protection policy statement would remain in place. The resolution was introduced in May 2026 and referred to the House Committee on Financial Services. This type of measure allows Congress to overturn regulatory actions through a streamlined process without requiring a full legislative bill.
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