US Federal Senate Bill SJR145

US Federal 2025-2026 Regular Session

• Introduced: 5/13/26
• Introduced: 3/25/26
• Refer: 3/25/26

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 "Fair Credit Reporting; Permissible Purposes for Furnishing, Using, and Obtaining Consumer Reports".

Summary

S.J. Res. 145 is a congressional disapproval resolution under the Congressional Review Act. It would overturn a Consumer Financial Protection Bureau rule that withdrew an earlier rule on “Fair Credit Reporting; Permissible Purposes for Furnishing, Using, and Obtaining Consumer Reports.” If enacted, the resolution would nullify the CFPB’s withdrawal action and leave that withdrawal with no legal force or effect. The measure is procedural in form but substantive in effect because it targets federal consumer reporting policy. Its practical consequence would be to block the CFPB from rescinding the prior fair credit reporting rule, thereby preserving the earlier regulatory framework governing when consumer reports may be furnished, used, and obtained.

Impact

The resolution would not directly amend the Fair Credit Reporting Act, but it would use the Congressional Review Act to invalidate a CFPB rulemaking action. If adopted, the agency’s withdrawal of the 2022 fair credit reporting rule would be void, and the earlier rule would remain in place as the operative federal policy on permissible purposes for consumer reports. The affected parties include consumer reporting agencies, furnishers of credit information, lenders, employers, landlords, and consumers whose credit files are accessed under federal permissible-purpose rules.

Sentiment

The available record suggests the bill is politically contested and did not advance smoothly. The Senate’s motion to proceed to consideration was rejected by voice vote, indicating insufficient support at that stage. Because the resolution is aimed at preserving consumer-reporting restrictions, it is likely to draw support from lawmakers and advocates favoring stronger consumer privacy and oversight, while opponents may view it as an unnecessary constraint on CFPB regulatory flexibility.

Contention

The main point of contention is whether Congress should disapprove the CFPB’s withdrawal of the fair credit reporting rule. Supporters of the resolution are likely concerned that rescinding the rule weakens consumer protections and broadens access to sensitive credit information. Opponents are likely to argue that the CFPB should retain discretion to revise or withdraw its own regulations and that the underlying rule may impose burdens on regulated entities. The procedural rejection of the motion to proceed suggests disagreement over both the policy outcome and the use of the Congressional Review Act to settle it.