SJRES156Referred to Committee

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 "Truth in Lending (Regulation Z); Consumer Credit Offered to Borrowers in Advance of Expected Receipt of Compensation for Work".

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-03-26
Introduced
0
Cosponsors
SJRES
Type

Latest Action

Placed on Senate Legislative Calendar under General Orders. Calendar No. 400.

2026-04-27

Bill Summary

Congress is considering blocking a decision by the Consumer Financial Protection Bureau to cancel a rule that was supposed to protect workers who borrow money against their future paychecks. If approved, this resolution would force the agency to keep the paycheck advance lending rule in place rather than allow it to be withdrawn. The vote would affect payday lenders and the workers who use these high-cost loans.

Subjects

Finance and Financial Sector
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