119-sjres-132119th 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 "Examinations for Risks to Active-Duty Servicemembers and Their Covered Dependents".

Sponsored By: Senator Reed, Jack [D-RI]

In Committee

Summary

Preserves CFPB protections for active-duty servicemembers and their covered dependents. This joint resolution would nullify the Bureau of Consumer Financial Protection's rule that withdrew the 'Examinations for Risks to Active-Duty Servicemembers and Their Covered Dependents' rule, keeping the prior CFPB protections in place.

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Bill Overview

Analyzed Economic Effects

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

Keep Consumer Financial Protection exams for servicemembers

If enacted, this resolution would disapprove a CFPB rule that withdrew exams for risks to active-duty servicemembers and their covered dependents. That disapproval would render the withdrawal rule without force or effect and preserve the earlier CFPB exam authority. The disapproved rule references 86 Fed. Reg. 32723 (June 23, 2021) and 90 Fed. Reg. 20084 (May 12, 2025). This resolution would not create new funding or change benefit programs.

Sponsors & CoSponsors

Sponsor

Reed, Jack [D-RI]

RI • D

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 48 • No: 52

senate vote • 5/13/2026

On the Motion to Proceed S.J.Res. 132

Yes: 48 • No: 52

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