US Federal Senate Bill SJR131

US Federal 2025-2026 Regular Session

• Introduced: 5/13/26
• Introduced: 3/18/26
• Refer: 3/18/26

Caption

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 "Consumer Financial Protection Circular 2024-02: Deceptive Marketing Practices About the Speed or Cost of Sending a Remittance Transfer".

Summary

SJR131 is a congressional disapproval resolution under the Congressional Review Act. It targets a Bureau of Consumer Financial Protection action that withdrew Consumer Financial Protection Circular 2024-02, which had addressed deceptive marketing practices related to the speed or cost of sending remittance transfers. If enacted, the resolution would nullify the withdrawal rule and leave it without force or effect, effectively restoring the earlier CFPB guidance or position on the subject. The measure does not create a new regulatory program or amend consumer finance statutes directly. Instead, it uses Congress’s CRA authority to overturn an agency rulemaking action, affecting the CFPB’s ability to withdraw its prior circular on remittance-transfer marketing. The practical impact would be on remittance providers, money transmitters, and other financial firms that advertise international money transfers, as well as consumers who rely on clear disclosures about fees, exchange rates, and transfer speed.

Impact

If approved, the resolution would invalidate the CFPB’s 2025 withdrawal of Circular 2024-02 and prevent that withdrawal from taking effect. The bill would not itself rewrite the underlying consumer protection laws, but it would alter the regulatory landscape by preserving the agency’s prior guidance on deceptive marketing practices for remittance transfers. That would affect compliance expectations for remittance companies, banks, fintechs, and other money transfer businesses operating under federal consumer financial protection oversight.

Sentiment

The available legislative history suggests the resolution has faced procedural resistance rather than broad recorded debate in the materials provided. The Senate’s motion to proceed to consideration was rejected by voice vote, indicating that the measure did not advance smoothly and that there was not clear consensus to bring it forward. Because no committee transcript or recorded floor debate is included, the overall sentiment can only be characterized as mixed or uncertain, with enough opposition or lack of support to block consideration at that stage.

Contention

The main point of contention is whether Congress should use the Congressional Review Act to reverse the CFPB’s decision to withdraw its remittance-transfer marketing circular. Supporters are likely to view the resolution as preserving consumer protections and preventing misleading claims about transfer speed or cost, while opponents may see it as an unnecessary override of agency discretion or a reinstatement of guidance they consider burdensome or duplicative. The dispute centers on consumer protection versus regulatory flexibility, especially for businesses that market cross-border money transfers.