Floor SpeechNeutral2026-05-13

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 "FAIR CREDIT REPORTING ACT...

Foreign Policy

Context

On 2026-05-13, Senator Sheldon Whitehouse (D-RI) delivered a floor speech titled "PROVIDING FOR CONGRESSIONAL DISAPPROVAL UNDER CHAPTER 8 OF TITLE 5, UNITED STATES CODE, OF THE RULE SUBMITTED BY THE BUR" in the Senate.

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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 "FAIR CREDIT REPORTING ACT...

Congressional Record, Volume 172 Issue 81 (Wednesday, May 13, 2026) [Congressional Record Volume 172, Number 81 (Wednesday, May 13, 2026)] [Senate] [Pages S2268-S2269] From the Congressional Record Online through the Government Publishing Office [ www.gpo.gov ] 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 ``FAIR CREDIT REPORTING ACT; PREEMPTION OF STATE LAWS''--Motion to Proceed Mr. WHITEHOUSE. Mr. President, I move to proceed to Calendar No. 399, S.J. Res. 155. The PRESIDING OFFICER. The clerk will report. The senior assistant legislative clerk read as follows: Motion to proceed to Calendar No. 399, S.J. Res. 155, 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 ``Fair Credit Reporting Act; Preemption of State Laws''. Mr. WHITEHOUSE. Mr. President, as the Trump administration has walked back from protecting American consumers to help all of its creepy billionaires who it loves so much, States have had to step up into the breach and enact commonsense protections for regular consumers. That includes 15 States, like my State of Rhode Island, helping to make sure medical debt does not send consumers, American families, into a financial tailspin, blocking their access to credit. While the Fair Credit Reporting Act continues to provide some key protections for consumers, this rule is particularly concerning at a time the administration has sidelined the CFPB at every turn. Rhode Island consumers have filed almost 13,000 complaints about credit reporting with the CFPB in the past year. We need its help again. We need vigorous, empowered State enforcement more than ever as well. [[Page S2269]] I yield back. Vote on Motion to Proceed The PRESIDING OFFICER. The question is on agreeing to the motion. In the opinion of the Chair, the noes have it. The motion was rejected. The PRESIDING OFFICER. The Senator from New Jersey. ____________________

Referenced legislation: SJRES155, SJRES155

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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 "FAIR CREDIT REPORTING ACT... Congressional Record, Volume 172 Issue 81 (Wednesday, May 13, 2026) [Congressional Record Volume 172, Number 81 (Wednesday, May 13, 2026)] [Senate] [Pages S2268-S2269] From the Congressional Record Online through the Government Publishing Office [ www.gpo.gov ] 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 ``FAIR CREDIT REPORTING ACT; PREEMPTION OF STATE LAWS''--Motion to Proceed Mr. WHITEHOUSE. Mr. President, I move to proceed to Calendar No. 399, S.J. Res. 155. The PRESIDING OFFICER. The clerk will report. The senior assistant legislative clerk read as follows: Motion to proceed to Calendar No. 399, S.J. Res. 155, 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 ``Fair Credit Reporting Act; Preemption of State Laws''. Mr. WHITEHOUSE. Mr. President, as the Trump administration has walked back from protecting American consumers to help all of its creepy billionaires who it loves so much, States have had to step up into the breach and enact commonsense protections for regular consumers. That includes 15 States, like my State of Rhode Island, helping to make sure medical debt does not send consumers, American families, into a financial tailspin, blocking their access to credit. While the Fair Credit Reporting Act continues to provide some key protections for consumers, this rule is particularly concerning at a time the administration has sidelined the CFPB at every turn. Rhode Island consumers have filed almost 13,000 complaints about credit reporting with the CFPB in the past year. We need its help again. We need vigorous, empowered State enforcement more than ever as well. [[Page S2269]] I yield back. Vote on Motion to Proceed The PRESIDING OFFICER. The question is on agreeing to the motion. In the opinion of the Chair, the noes have it. The motion was rejected. The PRESIDING OFFICER. The Senator from New Jersey. ____________________ Referenced legislation: SJRES155, SJRES155