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Bill > SJRes36


US SJRes36

US SJRes36
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 "Prohibition on Creditors and Consumer Reporting Agencies Concerning Medical Information (Regulation V)".


summary

Introduced
03/11/2025
In Committee
03/11/2025
Crossed Over
Passed
Dead

Introduced Session

119th Congress

Bill Summary

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 "Prohibition on Creditors and Consumer Reporting Agencies Concerning Medical Information (Regulation V)".

AI Summary

This joint resolution provides for congressional disapproval of a specific rule issued by the Bureau of Consumer Financial Protection (CFPB) regarding the use of medical information by creditors and consumer reporting agencies, which is formally known as "Prohibition on Creditors and Consumer Reporting Agencies Concerning Medical Information (Regulation V)". The resolution, if passed, would nullify the CFPB's rule published in the Federal Register on January 14, 2025, effectively stating that the rule will have no legal force or effect. By using the congressional disapproval process under Chapter 8 of Title 5 of the United States Code, Congress is exercising its legislative power to overturn a regulatory rule issued by a federal agency, a mechanism that allows the legislative branch to provide oversight and potentially block regulations it finds objectionable.

Committee Categories

Housing and Urban Affairs

Sponsors (6)

Last Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 03/11/2025)

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