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 "Statement of Policy Regarding Prohibition on Abusive Acts or Practices".
This bill, HJR180, seeks to disapprove a rule proposed by the Bureau of Consumer Financial Protection. The rule in question concerns the withdrawal of a policy statement about prohibiting abusive acts or practices. The bill aims to give Congress the power to reject this rule under a specific section of the U.S. Code.
The bill would affect anyone who deals with consumer financial services, as it involves regulations designed to protect consumers from unfair practices. If passed, it could influence how financial institutions are held accountable for abusive actions.
The bill was introduced and referred to the House Committee on Financial Services on May 11, 2026. This means it is currently under review by the committee, which will determine its next steps in the legislative process.
