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119-hjres-183119th 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 2023-01: Unlawful Negative Option Marketing Practices".

Sponsored By: Representative Bynum, Janelle S. [D-OR-5]

Introduced

Summary

Nullifies the CFPB rule withdrawing Consumer Financial Protection Circular 2023-01: Unlawful Negative Option Marketing Practices. This bill would render that specific withdrawal rule without force or effect.

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Bill Overview

Analyzed Economic Effects

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

Keep CFPB negative‑option guidance

If enacted, this bill would disapprove the CFPB rule that withdrew Consumer Financial Protection Circular 2023-01. The bill cites the withdrawal notice at 90 Fed. Reg. 20086 (May 12, 2025). It would make that withdrawal have no force or effect. That would keep Circular 2023-01 in place and preserve CFPB guidance limiting unlawful negative-option marketing. Consumers would keep those protections, and businesses using negative-option models would still be subject to the guidance. The change would take effect upon enactment.

Sponsors & CoSponsors

Sponsor

Bynum, Janelle S. [D-OR-5]

OR • D

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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