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SJRES 131 Advanced toward a vote

Declares void the Consumer Financial Protection Bureau's 2025 withdrawal of its 2024 guidance on deceptive advertising about how fast or how cheaply money sent abroad can be transferred.

Official title: A joint resolution 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 2024-02: Deceptive Marketing Practices About the Speed or Cost of Sending a Remittance Transfer".

Next stop Senate floor: awaiting a vote
Timeline each lane is a chamber; dates pull from congress.gov actions
Senate
Introduced 18-MAR-2026
Referred 18-MAR-2026
On the calendar 27-APR-2026
Key points
  • States that the Bureau's withdrawal of Consumer Financial Protection Circular 2024-02, published at 90 Fed. Reg. 20084 (May 12, 2025), has no force or effect.
  • Circular 2024-02 addresses deceptive marketing practices about the speed or cost of sending a remittance transfer.
  • Uses the Congressional Review Act procedure in chapter 8 of title 5, United States Code, to disapprove a federal agency rule.
AI-generated from the Placed on Calendar Senate text of 27-APR-2026 · verify · report an error
Official CRS summary

No CRS summary yet. CRS writes one for most bills, often months after they move.

CRS is the Library of Congress's nonpartisan research office. Check on congress.gov
Committee referrals (1) Policy area

Finance and Financial Sector

Sponsor Ruben Gallego (D-AZ) Cosponsors · 0

No cosponsors.