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".

#156 | SJRES Congress #119

Subjects:

Last Action: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (3/26/2026)

Bill Text Source: Congress.gov

Summary and Impacts
Original Text
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S.J. Res. 156 Introduced in Senate (IS)]

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119th CONGRESS
  2d Session
S. J. RES. 156

  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''.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 26, 2026

 Mr. Merkley introduced the following joint resolution; which was read 
  twice and referred to the Committee on Banking, Housing, and Urban 
                                Affairs

_______________________________________________________________________

                            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''.

    Resolved by the Senate and House of Representatives of the United 
States of America in Congress assembled, That Congress disapproves 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 (90 Fed. Reg. 3622 (January 
15, 2025))'' (90 Fed. Reg. 20084 (May 12, 2025)), and such rule shall 
have no force or effect.
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