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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 "Bulletin 2012-04: Lending discrimination (April 18, 2012)".
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 ``Bulletin 2012-04: Lending discrimination (April 18, 2012)''.
Summary
This joint resolution would disapprove of a rule issued by the Bureau of Consumer Financial Protection that withdrew an agency bulletin on lending discrimination originally issued in 2012. If passed, the resolution would nullify the withdrawal rule, meaning the 2012 lending discrimination guidance would remain in effect. The resolution uses the congressional disapproval process established under federal law, which allows Congress to overturn agency rules through this expedited procedure. The withdrawn bulletin in question is "Bulletin 2012-04: Lending discrimination," which provided guidance to financial institutions on compliance with lending discrimination laws.
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)
- Sen. Welch, Peter [D-VT] (D-VT)
Money behind the sponsor
Top reported contributors to Peter Welch’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- NULL $8,600
- THE OLD MOUNTAIN COMPANY, INC. $3,300
- WEST FRONT STRATEGIES $2,500
- UCAR $2,300
- MINILEC SERVICE $2,000
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Peter Welch → · Outside spending →
Actions (2)
- Mar 26, 2026 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. · senate
- 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.
Full text
IN THE SENATE OF THE UNITED STATES
March 26, 2026
Mr. Welch introduced the following joint resolution; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs
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 “Bulletin 2012-04: Lending discrimination (April 18, 2012)”.
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 “Bulletin 2012-04: Lending discrimination (April 18, 2012)” (90 Fed. Reg. 20084 (May 12, 2025)), and such rule shall have no force or effect. <all>
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