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 "Procedures for Supervisory Designation Proceedings".
Sponsor

Full profile: /officials/W000817
Source: Congress.gov · FEC
Cosponsors (0)
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Latest Action
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Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2026-04-13
Source: Congress.gov
Committee Activity
Currently in
- Senate Committee on Banking, Housing, and Urban AffairsReferred To · 2026-04-13
Previously
- Banking, Housing, and Urban Affairs CommitteeReferred To · 2026-04-13
Plain-English Summary
Congress is considering blocking a decision by the Consumer Financial Protection Bureau to withdraw its rules about how it designates certain financial companies for special supervision. If approved, this resolution would reverse the agency's move and keep the original oversight procedures in place, affecting how the federal government monitors large financial institutions.
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.
Subjects
Full Bill Text
Verbatim text published on Congress.gov via GovInfo. Use Cmd+F / Ctrl+F to search within this excerpt.
[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S.J. Res. 178 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. J. RES. 178 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 ``Procedures for Supervisory Designation Proceedings''. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES April 13, 2026 Ms. Warren introduced the following joint resolution; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ 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 ``Procedures for Supervisory Designation Proceedings''. 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 ``Procedures for Supervisory Designation Proceedings'' (90 Fed. Reg. 46036 (September 25, 2025)), and such rule shall have no force or effect. <all>
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