US Federal Senate Bill SJR167

US Federal 2025-2026 Regular Session

• Introduced: 4/13/26
• Refer: 4/13/26

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 Information Requests to Large Banks and Credit Unions".

Summary

S.J. Res. 167 is a congressional disapproval resolution under the Congressional Review Act. It would overturn a Bureau of Consumer Financial Protection rule that withdrew an earlier CFPB rule titled "Consumer Information Requests to Large Banks and Credit Unions." If enacted, the resolution would nullify the withdrawal rule and prevent it from taking effect, thereby restoring the prior regulatory status quo tied to consumer information requests for large banks and credit unions. The measure does not itself create a new regulatory program or amend substantive banking law directly. Instead, it uses Congress’s disapproval authority to block a CFPB administrative action in the Federal Register. Its practical effect would be on CFPB rulemaking and on the compliance obligations of large banks and credit unions that are subject to consumer information request requirements or related disclosure processes.

Impact

If enacted, the resolution would have the legal effect of voiding the CFPB’s withdrawal rule and barring the agency from reissuing the same or a substantially similar rule without new statutory authority, as provided under the Congressional Review Act. The affected parties would be the CFPB, large banks, credit unions, and consumers seeking information from those institutions. The bill would not amend the U.S. Code directly, but it would alter the operative regulatory framework governing consumer information requests and the agency’s ability to rescind that framework.

Sentiment

There is no recorded committee transcript or vote history in the provided material, so no formal floor or committee sentiment can be measured from debate or roll call. Based on the bill’s sponsor and its use of the Congressional Review Act, the resolution appears to reflect a critical view of the CFPB’s decision to withdraw the underlying consumer-information rule and a preference for maintaining stronger disclosure or access requirements. Overall, the available context suggests support from those favoring consumer transparency and skepticism from those aligned with the agency’s withdrawal action.

Contention

The main point of contention is whether the CFPB should be allowed to withdraw the consumer-information rule governing large banks and credit unions. Supporters of the resolution are likely to argue that consumers should retain access to information and that the withdrawal weakens transparency, while opponents would likely defend the CFPB’s discretion to revise or rescind rules it views as unnecessary or burdensome. The dispute centers on regulatory burden versus consumer access and on Congress’s use of the Congressional Review Act to override agency rulemaking.