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 "Bulletin 2012-04: Lending discrimination (April 18, 2012)".
- Bill Number
- H.J.Res. 161
- Origin Chamber
- House
- Congress
- 119th Congress, Session 2
- Policy Area
- Finance and Financial Sector
- Status
- Introduced
- Latest Action
- 2026-04-30: Referred to the House Committee on Financial Services.
- Last Updated
- 2026-05-15T19:01:54Z
AI-Generated Summary
Purpose This joint resolution disapproves a specific rule issued by the Bureau of Consumer Financial Protection. It uses the Congressional Review Act process to prevent the rule from taking effect.
Key Provisions
- Congress disapproves the Bureau of Consumer Financial Protection rule that withdraws the earlier guidance titled “Bulletin 2012-04: Lending discrimination (April 18, 2012).”
- The disapproved rule was published in the Federal Register on May 12, 2025, at 90 Fed. Reg. 20084.
- The resolution states that the rule shall have no force or effect.
Significant Changes to Existing Law The resolution applies the fast-track disapproval mechanism in chapter 8 of title 5, United States Code, to nullify an agency action. This keeps the 2012 bulletin in place by blocking its withdrawal.
Potential Impacts
- The Bureau of Consumer Financial Protection cannot enforce the withdrawal of the 2012 guidance.
- Lenders and financial institutions would continue to operate under the standards described in the original bulletin.
- Consumers may see continued application of the lending discrimination policies referenced in the 2012 document.
Main Stakeholders Affected
- The Bureau of Consumer Financial Protection, whose rule is overturned.
- Financial institutions and lenders subject to the retained guidance.
- Consumers who may be protected by the lending discrimination standards in the 2012 bulletin.
- Congress, which exercises its oversight authority under the Congressional Review Act.
Notable Legal, Constitutional, or Political Implications The resolution represents a direct congressional override of an agency rulemaking through the Congressional Review Act. It does not amend statutes but uses an existing statutory process to restore the status of the 2012 bulletin.
This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.
Sponsor
Recent Actions
- 2026-04-30: Referred to the House Committee on Financial Services.
- 2026-04-30: Introduced in House
- 2026-04-30: Introduced in House
Bill Versions
- 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 "Bulletin 2012–04: Lending discrimination (April 18, 2012)". — issued 2026-04-30 — PDF (2 pages)