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SJRES 149 Advanced toward a vote

Overturns the Consumer Financial Protection Bureau's 2025 withdrawal of its 2024 rule on home sales financed under contracts for deed, declaring that withdrawal to have no force or effect.

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 "Truth in Lending (Regulation Z); Consumer Protections for Home Sales Financed Under Contracts for Deed".

Next stop Senate floor: awaiting a vote
Timeline each lane is a chamber; dates pull from congress.gov actions
Senate
Introduced 26-MAR-2026
Referred 26-MAR-2026
On the calendar 27-APR-2026
Key points
  • Disapproves the Bureau's withdrawal, published May 12, 2025 (90 Fed. Reg. 20084), of its rule published August 23, 2024 (89 Fed. Reg. 68086) under Regulation Z (Truth in Lending).
  • Declares that the withdrawal "shall have no force or effect."
  • Is a joint resolution under the Congressional Review Act, 5 U.S.C. chapter 8.
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 Charles E. Schumer (D-NY) Cosponsors · 0

No cosponsors.