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SJRES 134
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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 "Truth in Lending (Regulation Z); Use of Digital User Accounts to Access Buy Now, Pay Later Loans".

S. J. RES. 134 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 ``Truth in Lending (Regulation Z); Use of Digital User Accounts To Access Buy Now, Pay Later Loans''.

Introduced Mar 18, 2026

Latest action (May 13, 2026) Motion to proceed to consideration of measure rejected in Senate by Voice Vote. (consideration: CR S2272)

Referred to
Banking, Housing, and Urban Affairs Committee
Policy area
Finance and Financial Sector
Issues
Economy & Taxes

Summary

This joint resolution provides for congressional disapproval of a Consumer Financial Protection Bureau rule that withdrew a regulation about "Buy Now, Pay Later" loans accessed through digital accounts. The original regulation was issued in 2024 under Truth in Lending rules (Regulation Z). The CFPB withdrew this regulation in 2025, but this joint resolution, if passed by Congress, would disapprove that withdrawal and reinstate the original rule. The resolution follows the Congressional Review Act process, which allows Congress to overturn agency rules. If passed, the original CFPB regulation would take effect and remain in effect.

AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.

Sponsor (1)

Actions (5)
  1. May 13, 2026 Motion to proceed to consideration of measure rejected in Senate by Voice Vote. (consideration: CR S2272) · senate
  2. Apr 27, 2026 Placed on Senate Legislative Calendar under General Orders. Calendar No. 390. · senate
  3. Apr 27, 2026 Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c). · senate
  4. Mar 18, 2026 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. · senate
  5. Mar 18, 2026 Introduced in Senate

Similar bills (6)

Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.

  • SJRES 149 — 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 "Truth in Lending (Regulation Z); Consumer Protections for Home Sales Financed Under Contracts for Deed". · Introduced May 13, 2026 · Cong. 119 86%
  • SJRES 156 — 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 "Truth in Lending (Regulation Z); Consumer Credit Offered to Borrowers in Advance of Expected Receipt of Compensation for Work". · Introduced May 13, 2026 · Cong. 119 86%
  • SJRES 126 — 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 Debt Collection Practices Act (Regulation F); Time-Barred Debt". · Introduced May 13, 2026 · Cong. 119 83%
  • SJRES 146 — 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 "Application of Regulation Z's Ability-To-Repay Rule to Certain Situations Involving Successors-In-Interest". · Introduced Mar 25, 2026 · Cong. 119 81%
  • HJRES 162 — 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 "Truth in Lending (Regulation Z); Consumer Protections for Home Sales Financed Under Contracts for Deed". · Introduced Apr 30, 2026 · Cong. 119 79%
  • SJRES 130 — 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 withdrawal of the rule relating to "Consumer Financial Protection Circular 2024-05: Improper Overdraft Opt-In Practices". · Introduced May 13, 2026 · Cong. 119 79%

Full text

IN THE SENATE OF THE UNITED STATES

March 18, 2026

Mr. Reed introduced the following joint resolution; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs

April 27, 2026

Committee discharged, by petition, pursuant to 5 U.S.C. 802(c), and placed on the calendar

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 “Truth in Lending (Regulation Z); Use of Digital User Accounts To Access Buy Now, Pay Later Loans”.

Resolved by the Senate and House of Representatives of the United States of America in Congress assembled, That Congress disapproves the rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to “Truth in Lending (Regulation Z); Use of Digital User Accounts To Access Buy Now, Pay Later Loans, 89 Fed. Reg. 47068 (May 31, 2024)” (90 Fed. Reg. 20084 (May 12, 2025)), and such rule shall have no force or effect.

Calendar No. 390

119th CONGRESS

2d Session

S. J. RES. 134

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 “Truth in Lending (Regulation Z); Use of Digital User Accounts To Access Buy Now, Pay Later Loans”.

April 27, 2026

Committee discharged, by petition, pursuant to 5 U.S.C. 802(c), and placed on the calendar

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