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 "Fair Debt Collection Practices Act (Regulation F); Time-Barred Debt".

This joint resolution was introduced in the Senate on March 17, 2026. It was referred to the Committee on Banking, Housing, and Urban Affairs. The committee was discharged by petition on April 27, 2026, meaning it was moved to the Senate's legislative calendar for a vote by the full body. For it to become law, it must pass both the Senate and the House of Representatives and then be signed by the President.

If this bill passes, the CFPB's existing rule concerning the collection of 'time-barred debt' would remain in effect. This means that debt collectors would continue to face certain limitations on how they can attempt to collect debts that are past the legal statute of limitations. This could offer you more safeguards against aggressive or misleading collection practices for very old debts that you might no longer be legally obligated to pay.

Those in favor believe this bill is necessary to prevent the weakening of protections for consumers, ensuring that debt collectors cannot unfairly pressure individuals into paying debts that are too old to be legally enforced. Opponents, if any, could contend that allowing agencies to withdraw rules when deemed appropriate provides regulatory flexibility and that restrictions on collecting old debts can negatively impact the credit market by making it harder for creditors to recoup losses.