PRIA Logo™
119-sjres-144119th 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 "Fair Credit Reporting Act; Preemption of State Laws".

Sponsored By: Senator Whitehouse, Sheldon [D-RI]

Introduced

Summary

This resolution would nullify the CFPB rule on preemption under the Fair Credit Reporting Act. That action would make the CFPB rule have no force or effect.

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

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

Let states enforce credit laws

If enacted, this joint resolution would disapprove a CFPB rule. The rule is titled "Fair Credit Reporting Act; Preemption of State Laws" (90 Fed. Reg. 48710 (May 12, 2025)). The resolution would make that rule have no force or effect. States would then be able to enforce or adopt their own consumer protection or credit reporting laws. That could strengthen protections for consumers in some states. It could also create different rules for banks and lenders across states and raise compliance costs.

Sponsors & CoSponsors

Sponsor

Whitehouse, Sheldon [D-RI]

RI • D

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation