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 "Application of Regulation Z's Ability-To-Repay Rule to Certain Situations Involving Successors-In-Interest".

Cleo Fields

Democrat · LA · Representative

Source: Congress.gov · FEC

No cosponsors on record. Bills can pass without cosponsors — this often means the sponsor introduced the bill alone, either because it's a messaging bill, a chairman's mark, or simply early in the legislative cycle.

Referred to the House Committee on Financial Services.

2026-04-30

Source: Congress.gov

Congress would reject a recent decision by the Consumer Financial Protection Bureau to withdraw protections that required lenders to verify borrowers could actually afford their loans before approving them. This would restore rules that applied to situations where someone takes over another person's mortgage or loan obligation. The change would reinstate lending standards that protect consumers from being approved for loans they cannot repay.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.J. Res. 163 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. J. RES. 163 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 ``Application of Regulation Z's Ability-To-Repay Rule to Certain Situations Involving Successors-In-Interest''. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES April 30, 2026 Mr. Fields submitted the following joint resolution; which was referred to the Committee on Financial Services _______________________________________________________________________ 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 ``Application of Regulation Z's Ability-To-Repay Rule to Certain Situations Involving Successors-In-Interest''. 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 ``Application of Regulation Z's Ability-To-Repay Rule to Certain Situations Involving Successors- In-Interest (79 Fed. Reg. 41631 (July 17, 2014))'' (90 Fed. Reg. 20084 (May 12, 2025)), and such rule shall have no force or effect. <all>

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