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".
Summary
S.J. Res. 144 is a congressional disapproval resolution under the Congressional Review Act. It would overturn a Consumer Financial Protection Bureau rule titled "Fair Credit Reporting Act; Preemption of State Laws," published at 90 Fed. Reg. 48710 on May 12, 2025. If enacted, the resolution would nullify that CFPB rule and prevent it from taking effect.
The resolution does not itself create new consumer credit reporting standards. Instead, it targets a federal rule that addresses the extent to which the Fair Credit Reporting Act preempts state laws. By disapproving the rule, Congress would preserve the rule’s legal status as having no force or effect and would leave the underlying statutory framework and any existing state-law protections in place to the extent they are otherwise permitted by federal law.
Impact
The bill would affect federal administrative law and consumer reporting regulation by invalidating a CFPB rule through the Congressional Review Act process. Its practical effect would be to limit or eliminate the rule’s clarification of FCRA preemption, which could preserve greater room for state regulation in the credit reporting area depending on how the statute is otherwise interpreted. The measure would not amend the Fair Credit Reporting Act directly, but it would influence how the FCRA interacts with state laws and the authority of the CFPB to define that relationship through rulemaking.
Sentiment
Based on the bill text and available legislative history, the measure appears procedural and targeted rather than broadly partisan in its framing, with the sponsor seeking to block a specific CFPB rule. No committee debate or recorded votes are provided, so there is no documented floor or committee sentiment in the materials supplied. The overall posture of the resolution suggests opposition to the CFPB rule and support for preserving state authority or preventing federal preemption expansion.
Contention
The central point of contention is likely the scope of federal preemption under the Fair Credit Reporting Act and whether the CFPB should be allowed to define that scope by rule. Supporters of the resolution would be expected to argue that the rule improperly narrows state consumer protection authority or exceeds the agency’s role, while opponents would likely defend the rule as a necessary clarification of federal credit reporting law and uniform national standards. Because no transcripts or votes are included, the specific arguments and coalition positions are not documented in the provided record.