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 "The Fair Credit Reporting Act's Limited Preemption of State Laws".
Sponsored By: Representative Waters, Maxine [D-CA-43]
Introduced
Summary
Preserve the Fair Credit Reporting Act's limited preemption by disapproving the CFPB rule that withdrew it. This bill would nullify the CFPB rule that withdrew the earlier Fair Credit Reporting Act limited preemption rule and keep the prior state-law preemption treatment in place.
Your PRIA Score
Personalized for You
How does this bill affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this bill and every other piece of legislation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Keep 2022 credit-reporting rule
This resolution would disapprove the CFPB rule filed at 90 Fed. Reg. 20084 (May 12, 2025). If enacted, that disapproval would make the CFPB withdrawal have no force or effect. That would preserve the CFPB's earlier rule filed at 87 Fed. Reg. 41042 (July 11, 2022) on the Fair Credit Reporting Act's limited preemption of state laws. Consumers, state enforcers, creditors, and reporting agencies would keep the regulatory status quo. The resolution would not change funding, taxes, or create new programs.
Sponsors & CoSponsors
Sponsor
Waters, Maxine [D-CA-43]
CA • D
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov