HJRES173Referred 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 "Consumer Financial Protection Circular 2023-02: Reopening Deposit Accounts That Consumers Previously Closed".

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-05-04
Introduced
0
Cosponsors
HJRES
ⓘ
Type

Sponsor

Gregory W. Meeks
Gregory W. Meeks
Democrat · NY · Representative
Votes with party: 98.3% (581 recorded votes)

Full profile: /officials/M001137

Source: Congress.gov · FEC

Cosponsors (0)

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Referred to the House Committee on Financial Services.

2026-05-04

Source: Congress.gov

Committee Activity

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Plain-English Summary

Congress would reject a Consumer Financial Protection Bureau rule that would have made it easier for banks to reopen deposit accounts that customers had previously closed. The rule aimed to clarify when and how banks could restart dormant accounts without explicit customer permission, but this measure would block that policy from taking effect. Banks and consumer advocates have disagreed about whether reopening old accounts helps or harms customers.

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. 173 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. J. RES. 173 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 2023-02: Reopening Deposit Accounts That Consumers Previously Closed''. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES May 4, 2026 Mr. Meeks 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 ``Consumer Financial Protection Circular 2023-02: Reopening Deposit Accounts That Consumers Previously Closed''. 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 ``Consumer Financial Protection Circular 2023-02: Reopening Deposit Accounts That Consumers Previously Closed (88 Fed. Reg. 33545 (May 24, 2023))'' (90 Fed. Reg. 20084 (May 12, 2025)), and such rule shall have no force or effect. <all>
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