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 "Fair Credit Reporting Act; Preemption of State Laws".
Motion to proceed to consideration of measure rejected in Senate by Voice Vote. (consideration: CR S2268-2269)
Summary
The Senate introduced a joint resolution that disapproves a Consumer Financial Protection Bureau rule aimed at preempting state laws under the Fair Credit Reporting Act. If adopted, the rule would have no legal effect, preserving existing state regulations. The measure has been introduced but was not allowed to proceed in the Senate.
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