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119-sjres-174119th 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 "Bulletin 2022-04: Mitigating Harm From Repossession of Automobiles".

Sponsored By: Senator Warren, Elizabeth [D-MA]

Introduced

Summary

This resolution would disapprove the Consumer Financial Protection Bureau rule that withdraws Bulletin 2022-04. That keeps the CFPB’s “Mitigating Harm From Repossession of Automobiles” bulletin in effect.

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Bill Overview

Analyzed Economic Effects

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

Keeps consumer bureau auto repossession guidance

This bill would disapprove the Bureau of Consumer Financial Protection rule that withdraws Bulletin 2022-04. If enacted, the withdrawal published at 90 Fed. Reg. 20084 (May 12, 2025) would have no force or effect. As a result, Bulletin 2022-04 (87 Fed. Reg. 11951, March 3, 2022) would remain in effect upon enactment. This would mainly help people with auto loans who face repossession and would affect how lenders and repossession companies act.

Sponsors & CoSponsors

Sponsor

Warren, Elizabeth [D-MA]

MA • D

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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