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 "Consumer Financial Protection Circular 2022-04: Insufficient Data Protection or Security for Sensitive Consumer Information".
This bill, HJR179, proposes to allow Congress to disapprove a rule by the Bureau of Consumer Financial Protection. The rule in question concerns the withdrawal of "Consumer Financial Protection Circular 2022-04: Insufficient Data Protection or Security for Sensitive Consumer Information". This means the rule that deals with the insufficient protection and security of sensitive consumer information would be rescinded.
If passed, this bill would affect anyone who has sensitive consumer information managed by financial institutions. By disapproving the rule, it would potentially require these institutions to strengthen their data protection and security measures to safeguard sensitive consumer data. This could lead to better protection against data breaches and identity theft.
As of May 7, 2026, the bill has been introduced and referred to the House Committee on Financial Services. This means it is currently being reviewed and discussed by the committee. Key actions so far include the bill's introduction and its referral to the relevant committee for further consideration.
