This joint resolution, introduced May 13, 2026 by Representative Stephen Lynch and referred to the House Committee on Financial Services, would use chapter 8 of title 5 (the Congressional Review Act) to disapprove a rule submitted by the Bureau of Consumer Financial Protection (CFPB). The rule being disapproved is the CFPB action that withdrew the earlier "Fair Credit Reporting; File Disclosure" rule (the withdrawal appeared at 90 Fed. Reg. 20084, May 12, 2025). The text of the resolution states that the submitted withdrawal rule is disapproved and "shall have no force or effect."
If this joint resolution passes both chambers and becomes effective, it would declare that the CFPB's rule withdrawing the "Fair Credit Reporting; File Disclosure" rule has no force or effect. The bill text does not provide further details about how this would change specific rights, obligations, or practices for consumers or businesses. No publicly available information on direct, concrete impacts is included in the bill text.
No publicly available information on costs or budgetary effects is included in the bill text or provided metadata.
No publicly available information on proponents' detailed statements, arguments, or rationale is included in the bill text or provided metadata beyond the resolution's stated disapproval.
No publicly available information on opponents' statements, arguments, or concerns is included in the bill text or provided metadata.