Referred to the House Committee on Financial Services.
This resolution uses the Congressional Review Act to overturn a recent action by the Consumer Financial Protection Bureau. It specifically disapproves the CFPB rule that would have withdrawn an earlier CFPB circular about deceptive remittance marketing. If enacted, the withdrawal rule would be nullified and the original circular would remain in effect. The Act also stops the agency from issuing a substantially similar rule again unless Congress passes new legislation allowing it.
The CFPB rule that would withdraw "Consumer Financial Protection Circular 2024-02: Deceptive Marketing Practices About the Speed or Cost of Sending a Remittance Transfer."
Bureau of Consumer Financial Protection (CFPB)
Under the Congressional Review Act this disapproval is considered under expedited procedures and cannot be filibustered in the Senate, so it needs only a simple majority there; it must still be passed by both chambers and presented to the President for signature to take effect.
This joint resolution disapproves a Bureau of Consumer Financial Protection (CFPB) rule that would withdraw Consumer Financial Protection Circular 2024–02, which addresses deceptive marketing about the speed or cost of remittance transfers.
If enacted, the resolution would nullify the CFPB’s withdrawal rule (90 Fed.
Reg. 20084 (May 12, 2025)), leaving Circular 2024–02 (89 Fed.
Narrow, low‑cost measure increases odds in the originating chamber but faces significant Senate procedural and political obstacles and potential executive veto.
Relative to its intended legislative type, this bill is a narrowly focused Congressional Review Act disapproval resolution that is clear and legally precise about what is being disapproved and the immediate legal effect.
Consumer protection versus regulatory burden and business flexibility
These are examples from the analysis, not a ranked list of the most-affected groups.
Consumer protection versus regulatory burden and business flexibility
Likely supportive because the resolution preserves a consumer-protection circular targeting deceptive remittance marketing.
Views this as preventing an industry-friendly rollback of guidance that helps vulnerable consumers.
Cautiously favorable but pragmatic.
Supports consumer-protection goals while concerned about process, costs, and use of the Congressional Review Act to micromanage agency rulemaking.
Likely opposed.
Sees the resolution as preserving an unnecessarily prescriptive CFPB circular, reducing business flexibility, and expanding regulatory burdens through congressional intervention.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Narrow, low‑cost measure increases odds in the originating chamber but faces significant Senate procedural and political obstacles and potential executive veto.
The bill has not accumulated any surfaced votes yet.
Consumer protection versus regulatory burden and business flexibility
Narrow, low‑cost measure increases odds in the originating chamber but faces significant Senate procedural and political obstacles and pote…
Relative to its intended legislative type, this bill is a narrowly focused Congressional Review Act disapproval resolution that is clear and legally precise about what is being disapproved and the immediate legal effect.
Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.