US Federal Senate Bill SJR154

US Federal 2025-2026 Regular Session

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

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 "Equal Credit Opportunity (Regulation B); Revocations or Unfavorable Changes to the Terms of Existing Credit Arrangements".

Summary

SJR154 is a congressional disapproval resolution under the Congressional Review Act. It would nullify a Bureau of Consumer Financial Protection rule that withdrew an earlier Regulation B rule concerning “Equal Credit Opportunity” and restrictions on revocations or unfavorable changes to the terms of existing credit arrangements. If enacted, the resolution would make the CFPB’s withdrawal rule have no force or effect. In practical terms, the measure is aimed at preserving or restoring the underlying consumer-credit protections associated with the original Regulation B rule, which dealt with how lenders may change or revoke existing credit arrangements. The resolution does not itself create a new regulatory framework; instead, it uses Congress’s disapproval authority to block the agency action that removed or altered the prior rule.

Impact

If approved, SJR154 would invalidate the CFPB’s 2025 withdrawal rule and prevent that agency action from taking effect. The bill would affect federal consumer financial regulation, especially Equal Credit Opportunity Act implementation and Regulation B compliance for lenders, creditors, and borrowers. It would not directly amend state statutes, but it would influence the federal standards that govern credit practices nationwide and could affect how financial institutions handle existing credit arrangements.

Sentiment

The available legislative history suggests the bill is politically contested rather than broadly consensual. It was introduced in the Senate, discharged by petition, and later saw a motion to proceed rejected by voice vote, indicating that it did not advance smoothly and faced procedural resistance. The text and context point to a pro-consumer-protection rationale from supporters, while opponents likely viewed it as an objection to congressional reversal of a CFPB regulatory decision.

Contention

The main point of contention is whether Congress should overturn the CFPB’s withdrawal of the Regulation B rule. Supporters are likely focused on maintaining stronger protections against revocations or unfavorable changes to existing credit arrangements and preserving equal credit access. Opponents are likely concerned about limiting the CFPB’s discretion, the appropriateness of using the Congressional Review Act in this context, and the regulatory burden on creditors and financial institutions. The procedural rejection of the motion to proceed suggests disagreement over both the substance and the use of congressional disapproval.