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 "Examinations for Risks to Active-Duty Servicemembers and Their Covered Dependents".
Motion to proceed to consideration of measure rejected in Senate by Yea-Nay Vote. 48 - 52. Record Vote Number: 121. (consideration: CR S2264-2265)
Summary
The joint resolution would have Congress disapprove the Consumer Financial Protection Bureau’s rule that withdrew the “Examinations for Risks to Active‑Duty Servicemembers and Their Covered Dependents” regulation. If adopted, the rule would be rendered ineffective, preserving the original examination requirements for lenders dealing with military families. The measure was introduced by Sen. Jack Reed but failed a motion to proceed, so it has not become law.
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