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 Protections for Home Sales Financed Under Contracts for Deed".

Charles E. Schumer

Democrat · NY · Senator

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.

Motion to proceed to consideration of measure rejected in Senate by Voice Vote. (consideration: CR S2267)

2026-05-13

Source: Congress.gov

Congress is considering blocking a decision by the Consumer Financial Protection Bureau to withdraw protections for people buying homes through contracts for deed, which are alternative financing arrangements that often lack the safeguards of traditional mortgages. If approved, this resolution would force the agency to keep the consumer protections in place, preventing lenders from removing rules designed to protect buyers in these transactions. The measure affects home buyers, particularly lower-income consumers who may use contracts for deed as an alternative to traditional bank financing.

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] [S.J. Res. 149 Placed on Calendar Senate (PCS)] <DOC> Calendar No. 396 119th CONGRESS 2d Session S. J. RES. 149 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 Protections for Home Sales Financed Under Contracts for Deed''. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES March 26, 2026 Mr. Schumer introduced the following joint resolution; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs April 27, 2026 Committee discharged, by petition, pursuant to 5 U.S.C. 802(c), and placed on the calendar _______________________________________________________________________ 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 Protections for Home Sales Financed Under Contracts for Deed''. 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 Protections for Home Sales Financed Under Contracts for Deed (89 Fed. Reg. 68086 (August 23, 2024))'' (90 Fed. Reg. 20084 (May 12, 2025)), and such rule shall have no force or effect. Calendar No. 396 119th CONGRESS 2d Session S. J. RES. 149 _______________________________________________________________________ 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 Protections for Home Sales Financed Under Contracts for Deed''. _______________________________________________________________________ April 27, 2026 Committee discharged, by petition, pursuant to 5 U.S.C. 802(c), and placed on the calendar

• S4781A bill to expand the mission of the Export-Import Bank of the United States and focus on building export-related domestic critical industries that produce goods and services that support employment in the United States and strengthen global competitiveness, and for other purposes.
  Referred to Committee · 2026-06-15
• S4124A bill to prohibit funds made available to the Department of Justice from being used to make a personal payment to the President in connection with a claim that is subject to the Federal Tort Claims Act, whether in the form of a settlement or any other payment from the Judgment Fund for the personal benefit of the President.
  Introduced · 2026-03-18
• S4007Family Grocery and Farmer Relief Act
  Referred to Committee · 2026-03-05
• S3911A bill to designate the Pride flag as an authorized flag eligible for display at units of the National Park System, to express the sense of the Senate that the Pride flag should be on display at the Stonewall National Monument in the State of New York, and for other purposes.
  Referred to Committee · 2026-02-25