HJRES163Referred to Committee

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".

Share:
Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-04-30
Introduced
0
Cosponsors
HJRES
ⓘ
Type

Sponsor

Cleo Fields
Cleo Fields
Democrat · LA · Representative
Votes with party: 98.3% (633 recorded votes)

Full profile: /officials/F000110

Source: Congress.gov · FEC

Cosponsors (0)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

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.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Referred to the House Committee on Financial Services.

2026-04-30

Source: Congress.gov

Committee Activity

Currently in

Previously

Plain-English Summary

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.

Subjects

Finance and Financial Sector

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] [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>
Open clean-text viewRead on Congress.gov →

Related legislation

Bills by the same sponsor or covering overlapping subjects.