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 "Consumer Financial Protection Circular 2023-02: Reopening Deposit Accounts That Consumers Previously Closed".

Referred to the House Committee on Financial Services.

2026-05-04

Congress would reject a Consumer Financial Protection Bureau rule that would have made it easier for banks to reopen deposit accounts that customers had previously closed. The rule aimed to clarify when and how banks could restart dormant accounts without explicit customer permission, but this measure would block that policy from taking effect. Banks and consumer advocates have disagreed about whether reopening old accounts helps or harms customers.