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119-sjres-126119th CongressWALLET

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".

Sponsored By: Senator Kim, Andy [D-NJ]

In Committee

Summary

Keeps Regulation F protections for time‑barred debt. This resolution would nullify the Bureau of Consumer Financial Protection's rule that withdrew the Fair Debt Collection Practices Act (Regulation F) provisions on time‑barred debt and would leave the current Regulation F framework for time‑barred debt in place.

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Bill Overview

Analyzed Economic Effects

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

Keep protections for old debts

If enacted, this resolution would block the CFPB rule that withdrew the Regulation F time-barred debt rule (88 Fed. Reg. 26475, May 1, 2023; withdrawal published at 90 Fed. Reg. 20084, May 12, 2025). It would declare that the specified withdrawal has no force or effect. That would preserve the current Regulation F limits on how debt collectors may contact or try to collect very old (time-barred) debts. The change would take effect upon enactment.

Sponsors & CoSponsors

Sponsor

Kim, Andy [D-NJ]

NJ • D

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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