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 "The Fair Credit Reporting Act's Limited Preemption of State Laws".
Referred to the House Committee on Financial Services.
Summary
The resolution would use the Congressional Review Act to reject a Consumer Financial Protection Bureau rule that undoes a prior rule limiting how the Fair Credit Reporting Act preempts state laws. If adopted, the withdrawn rule would have no legal effect, keeping the original preemption limits in place. This impacts the CFPB, state regulators, and consumers who rely on credit‑reporting protections.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
Topics
Track this bill
Get real-time alerts when HJRES 170 changes status, plus AI-powered summaries and stage predictions.
Sign up free