Providing for congressional disapproval under chapter 8 of title...
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".
This bill, HJR170, seeks to reject a rule from the Bureau of Consumer Financial Protection Bureau (CFPB) regarding the withdrawal of a rule on the Fair Credit Reporting Act's limited preemption of state laws. This means the CFPB had proposed to change or remove a rule that affects how federal and state laws interact in credit reporting. The bill was introduced and immediately referred to the House Committee on Financial Services for further review.
The bill would mainly affect financial institutions, consumer protection agencies, and possibly consumers by influencing how state laws can regulate credit reporting practices. If passed, it could strengthen state laws in this area.
As of April 30, 2026, the bill has been introduced in the House and referred to the Committee on Financial Services. There have been no further actions taken yet, and the committee will need to review and possibly vote on whether to advance the bill to the full House for debate and a vote.
