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 "Bulletin 2023-01: Unfair Billing and Collection Practices After Bankruptcy Discharges of Certain Student Loan Debts".
This bill, HJR182, aims to overturn a rule proposed by the Bureau of Consumer Financial Protection that addresses unfair billing and collection practices for certain student loan debts after bankruptcy discharges. The rule, known as "Bulletin 2023-01," would be withdrawn if the bill passes. This means that the current protections against unfair practices might be removed, affecting people who have discharged certain student loans through bankruptcy.
The bill would impact individuals who have gone through bankruptcy to discharge their student loans, potentially leaving them more vulnerable to unfair billing and collection practices. It would not directly affect those who have not gone through this process, but it could set a precedent for future rules affecting student loan practices.
The bill was introduced on May 12, 2026, and referred to the House Committee on Financial Services for further consideration. It is currently in the initial stages of the legislative process, and no further action has been taken yet.
