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 "Consumer Financial Protection Circular 2022-04: Insufficient Data Protection or Security for Sensitive Consumer Information".

Referred to the House Committee on Financial Services.

2026-05-07

Congress would reject a decision by the Consumer Financial Protection Bureau to withdraw its 2022 guidance requiring companies to better protect sensitive customer financial information like Social Security numbers and bank account details. If passed, this would force the agency to keep the data security requirements in place rather than allowing them to be removed. The measure affects banks, credit card companies, and other financial firms that handle consumer personal information.