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SJRES 156
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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); Consumer Credit Offered to Borrowers in Advance of Expected Receipt of Compensation for Work".

S. J. RES. 156 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 Mar 26, 2026

Latest action (May 13, 2026) Motion to proceed to consideration of measure rejected in Senate by Voice Vote. (consideration: CR S2270)

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

Summary

This joint resolution disapproves, under the Congressional Review Act, a rule by the Bureau of Consumer Financial Protection that withdrew an earlier consumer protection rule regulating payday loans and similar credit products offered to borrowers in advance of expected receipt of compensation for work. If passed, the disapproval would invalidate the withdrawal rule, effectively restoring and keeping in force the original consumer protection regulation that limited such lending practices. The resolution uses a congressional fast-track process under federal law that allows Congress to block agency rules without the typical lengthy legislative procedures.

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 S2270) · senate
  2. Apr 27, 2026 Placed on Senate Legislative Calendar under General Orders. Calendar No. 400. · 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 26, 2026 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. · senate
  5. Mar 26, 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 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 88%
  • SJRES 140 — 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; Name-Only Matching Procedures". · Introduced May 13, 2026 · Cong. 119 86%
  • SJRES 127 — 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; File Disclosure". · Introduced May 13, 2026 · Cong. 119 86%
  • SJRES 129 — 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 "The Fair Credit Reporting Act's Limited Preemption of State Laws". · Introduced May 13, 2026 · Cong. 119 86%
  • SJRES 134 — 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". · Introduced May 13, 2026 · Cong. 119 86%
  • SJRES 154 — 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". · Introduced May 13, 2026 · Cong. 119 85%

Full text

IN THE SENATE OF THE UNITED STATES

March 26, 2026

Mr. Merkley 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); Consumer Credit Offered to Borrowers in Advance of Expected Receipt of Compensation for Work”.

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); Consumer Credit Offered to Borrowers in Advance of Expected Receipt of Compensation for Work (90 Fed. Reg. 3622 (January 15, 2025))” (90 Fed. Reg. 20084 (May 12, 2025)), and such rule shall have no force or effect.

Calendar No. 400

119th CONGRESS

2d Session

S. J. RES. 156

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”.

April 27, 2026

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

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