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 "Equal Credit Opportunity (Regulation B); Revocations or Unfavorable Changes to the Terms of Existing Credit Arrangements".

The bill was introduced in the House of Representatives on April 30, 2026, by Representative Fields and immediately referred to the House Committee on Financial Services. It must pass through this committee before it can be voted on by the full House. If it passes the House, it would then need to pass the Senate and be signed by the President to become law.

If this bill becomes law, federal regulations would continue to govern how lenders can revoke or make unfavorable changes to your existing credit arrangements, like credit cards or loans. This means lenders couldn't alter your terms without adhering to these specific rules, potentially offering you greater stability and protection from unexpected changes to your credit. The Bureau of Consumer Financial Protection would maintain its authority over these practices.

This bill represents a debate over consumer protection versus regulatory burden. Those in favor would likely argue that keeping the existing rule in place ensures financial institutions cannot arbitrarily change or revoke credit, safeguarding consumers. Opponents might contend that the rule is overly restrictive, hindering lenders' flexibility to manage risk or adapt to market conditions.