SJRES 156 Advanced toward a vote

Overturns the Consumer Financial Protection Bureau's withdrawal of its rule on consumer credit offered to borrowers before they receive compensation for work, 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 Credit Offered to Borrowers in Advance of Expected Receipt of Compensation for Work".

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 of its Truth in Lending (Regulation Z) rule on consumer credit offered in advance of expected receipt of compensation for work
Declares the withdrawal to have no force or effect
Uses the congressional disapproval procedure in chapter 8 of title 5, United States Code, which applies to federal agency rules
Refers to the original rule at 90 Fed. Reg. 3622 (January 15, 2025) and the withdrawal at 90 Fed. Reg. 20084 (May 12, 2025)

AI-generated from the Placed on Calendar Senate text of 27-APR-2026 · verify · report an error

Official CRS summary

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Committee referrals (1)

Banking, Housing, and Urban Affairs Committee (Senate)

Policy area

Finance and Financial Sector

Sponsor Jeff Merkley (D-OR) Cosponsors · 0

No cosponsors.

congress.gov page Placed on Calendar Senate (27-APR-2026) Introduced in Senate (26-MAR-2026)