US Federal Senate Bill SJR175

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 Financial Protection Circular 2022-02: Deceptive Representations Involving the FDIC's Name or Logo or Deposit Insurance".

Summary

S.J. Res. 175 is a congressional disapproval resolution under the Congressional Review Act. It would overturn a Bureau of Consumer Financial Protection rule that withdrew Consumer Financial Protection Circular 2022-02, which addressed deceptive representations involving the FDIC’s name, logo, or deposit insurance. If enacted, the resolution would nullify the CFPB’s withdrawal rule and leave the underlying circular in place as an operative agency guidance document. The measure does not create a new regulatory regime or amend substantive consumer finance statutes directly. Instead, it uses Congress’s CRA authority to block a federal agency action in the Federal Register, specifically a 2025 rule withdrawing a 2022 circular. Its practical effect would be to preserve federal guidance warning against misleading uses of FDIC branding or claims about deposit insurance, which could affect banks, fintech companies, and other financial service providers that market deposit products or present themselves as FDIC-insured.

Impact

If adopted, the resolution would have the force of law under chapter 8 of title 5, United States Code, and the CFPB’s withdrawal rule would have no force or effect. The underlying CFPB circular on deceptive FDIC-related representations would remain in place, influencing compliance expectations for financial institutions and companies that advertise deposit insurance or use FDIC-related terms, logos, or imagery. The bill does not amend the U.S. Code directly, but it would constrain the CFPB’s ability to remove or weaken this consumer-protection guidance.

Sentiment

The available context shows the bill was introduced and referred to the Senate Banking, Housing, and Urban Affairs Committee, with no recorded committee debate or votes provided. Based on the text, the resolution reflects a pro-enforcement, consumer-protection posture aimed at preventing misleading financial advertising. Because no vote history or transcript is available, there is no documented bipartisan or partisan sentiment in the provided materials, but the measure is clearly framed as a reversal of a deregulatory agency action.

Contention

The main point of contention is likely whether Congress should preserve or reject the CFPB’s decision to withdraw the FDIC-deception circular. Supporters would view the circular as an important anti-fraud and consumer-protection tool, while opponents may argue that the CFPB should have discretion to rescind guidance they consider duplicative, unnecessary, or overly burdensome. The dispute centers on federal oversight of financial marketing practices, the scope of CFPB authority, and whether the FDIC-related guidance should remain binding through congressional disapproval.