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119-hjres-181119th CongressWALLET

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 2022-07: Reasonable Investigation of Consumer Reporting Disputes".

Sponsored By: Representative Garcia, Sylvia R. [D-TX-29]

Introduced

Summary

Preserve Consumer Financial Protection Circular 2022-07. This joint resolution would disapprove the Bureau of Consumer Financial Protection rule that would withdraw Circular 2022-07 and thereby keep the Circular's standards for reasonable investigation of consumer reporting disputes in place.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Keep CFPB dispute investigation rules

This resolution would disapprove the CFPB rule that sought to withdraw Consumer Financial Protection Circular 2022-07. It would state that the withdrawal rule published at 90 Fed. Reg. 20084 (May 12, 2025) has no force or effect. If enacted, Circular 2022-07 (87 Fed. Reg. 71507 (Nov. 23, 2022)) would remain in place. Consumers who dispute credit reports would keep the Circular's investigation standards, and reporting agencies and furnishers would remain subject to those standards.

Sponsors & CoSponsors

Sponsor

Garcia, Sylvia R. [D-TX-29]

TX • D

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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