hold on there's just too much going on in Congress lmao...
Blocks withdrawal of a rule on credit report disclosure.
Senator Kim (party/state not specified in text)
In Senate, placed on calendar, awaiting vote
This joint resolution aims to disapprove a rule from the Bureau of Consumer Financial Protection (CFPB) that would withdraw an earlier rule concerning 'Fair Credit Reporting; File Disclosure.' Senator Kim introduced the bill. It has been moved directly to the Senate calendar, meaning it's ready for a vote without further committee review.
Introduced Mar 17, 2026
This bill was introduced in the Senate by Mr. Kim on March 17, 2026. On April 27, 2026, it was discharged from the Committee on Banking, Housing, and Urban Affairs by petition and placed directly on the Senate calendar. This means it is now ready for a vote by the full Senate. To become law, it would need to pass the Senate, then pass the House of Representatives, and be signed by the President.
If this joint resolution passes, it would stop the Bureau of Consumer Financial Protection (CFPB) from withdrawing its rule titled 'Fair Credit Reporting; File Disclosure.' This action means the original rule would continue to be in effect. However, the specific details of what the original 'Fair Credit Reporting; File Disclosure' rule does for individuals or businesses are not outlined within the text of this bill.
Supporters Say
Supporters would likely argue that Congress should oversee financial agencies and ensure rules protecting consumers' credit reporting rights remain.
Critics Say
Critics might say that Congress is overstepping its bounds by interfering with an agency's decision to modify or withdraw a regulation.
Those in favor of this bill would likely emphasize congressional authority to review and reject agency actions, especially when they pertain to important consumer protections like credit reporting. Opponents might argue that federal agencies like the CFPB have the expertise to make such regulatory decisions and that congressional interference can create uncertainty in the regulatory environment.