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 2023-01: Unlawful Negative Option Marketing Practices".
This bill, HJR183, aims to allow Congress to disapprove a rule from the Bureau of Consumer Financial Protection. The rule in question is about withdrawing regulations on "Unlawful Negative Option Marketing Practices," which were outlined in "Consumer Financial Protection Circular 2023-01." This means the bill seeks to give Congress the power to reject this specific rule if it feels the regulation isn't appropriate.
If passed, this bill would affect consumers who are subject to marketing practices regulated by the Bureau of Consumer Financial Protection, as well as businesses that must comply with these regulations. It could impact how consumers are marketed to and how companies operate in this area. However, the specific effects would depend on the details of the rule and how it is implemented.
The bill was introduced on May 12, 2026, and is currently in its initial stage of being referred to the House Committee on Financial Services. This means it has not yet been debated or voted on in the House. Janelle Bynum, a Democrat, is the primary sponsor of the bill.
