US Federal Senate Bill SJR142

US Federal 2025-2026 Regular Session

• Introduced: 3/24/26
• Refer: 3/24/26

Caption

A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the National Credit Union Administration relating to "Withdrawal of Fee Reporting Requirements".

Summary

SJR142 is a congressional disapproval resolution under the Congressional Review Act that would nullify a National Credit Union Administration rule titled “Withdrawal of Fee Reporting Requirements.” The resolution states that Congress disapproves the NCUA’s March 3, 2025 withdrawal of fee reporting requirements, relying in part on a Government Accountability Office opinion concluding that the withdrawal qualifies as a rule subject to CRA review. If enacted, the joint resolution would make the NCUA withdrawal rule have no force or effect. In practical terms, it would preserve or restore the fee reporting requirements that the agency attempted to withdraw, affecting credit unions and any reporting obligations tied to NCUA fee disclosures. The bill does not amend the underlying credit union statutes directly, but it would override the agency action through the CRA mechanism and constrain the NCUA’s regulatory change.

Impact

The resolution would affect federal administrative law by invalidating the NCUA’s withdrawal of fee reporting requirements under chapter 8 of title 5, U.S. Code. It would not itself create a new regulatory regime, but it would block the agency’s change and leave the prior reporting framework in place, with consequences for credit unions, compliance practices, and fee disclosure obligations overseen by the NCUA.

Sentiment

Based on the bill text and available context, the measure appears to reflect a skeptical or oppositional stance toward the NCUA’s rollback of fee reporting requirements. The sponsors—Sen. Warren, joined by Sens. Booker and Blumenthal—signal support for maintaining stronger reporting obligations and oversight. No committee debate or votes are provided, so there is no recorded bipartisan or broader chamber sentiment in the available materials.

Contention

The central point of contention is whether the NCUA should be allowed to withdraw fee reporting requirements or whether Congress should intervene to preserve them. Supporters of the resolution appear to view fee reporting as important for transparency and oversight, while opponents of the underlying rule would likely argue that the withdrawal reduces regulatory burden on credit unions. The bill also hinges on a legal question addressed by the GAO: whether the withdrawal itself qualifies as a rule under the Congressional Review Act.