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 THE WITHDRAWAL OF THE RULE...

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Context

On 2026-05-13, Senator Raphael G. Warnock (D-GA) 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 THE WITHDRAWAL OF THE RULE...

Congressional Record, Volume 172 Issue 81 (Wednesday, May 13, 2026) [Congressional Record Volume 172, Number 81 (Wednesday, May 13, 2026)] [Senate] [Pages S2267-S2268] 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 THE WITHDRAWAL OF THE RULE RELATING TO ``FAIR CREDIT REPORTING; NAME-ONLY MATCHING PROCEDURES''--Motion to Proceed Mr. WARNOCK. I move to proceed to Calendar No. 392, S.J. Res. 140. The PRESIDING OFFICER. The clerk will report. The senior assistant legislative clerk read as follows: Motion to proceed to Calendar No. 392, S.J. Res. 140, 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 ``Fair Credit Reporting; Name-Only Matching Procedures''. Mr. WARNOCK. Mr. President, I rise today in support of my resolution to restore CFPB guidance that prevented mistaken identity on credit reports, which can destroy someone's credit through no fault of their own. Credit and background reports are incredibly important to the lives of Americans. The difference between good credit and bad credit can decide whether someone gets a house, an apartment, or a job. It determines how much money they will spend in order to afford a house. These reports may include criminal records or eviction records, so they need to be accurate. If they are inaccurate because of lazy name-matching practices, they can result in you being denied a job or apartment based on the wrong person's criminal or eviction record--a case of mistaken identity. And by the time you figure out what went wrong and jump through all the hoops to fix the problem, it is often too late for that job or apartment. The CFPB, under the previous administration, tried to fix this problem by saying companies need more than just someone's name to identify someone, but the Trump administration has torn up this guidance and made the lives of ordinary folks harder--harder to get a job, harder to find an apartment. I don't get it. I encourage my colleagues to vote yes on my resolution to restore this simple guidance to stop credit report mistaken identity by companies and debt collectors. I yield the floor. Vote on Motion to Proceed The PRESIDING OFFICER. The question is on agreeing to the motion to proceed. In the opinion of the Chair, the noes have it. The motion is rejected. The motion was rejected. The PRESIDING OFFICER. The Senator from Connecticut. [[Page S2268]] ____________________

Referenced legislation: SJRES140, SJRES140

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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 THE WITHDRAWAL OF THE RULE... Congressional Record, Volume 172 Issue 81 (Wednesday, May 13, 2026) [Congressional Record Volume 172, Number 81 (Wednesday, May 13, 2026)] [Senate] [Pages S2267-S2268] 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 THE WITHDRAWAL OF THE RULE RELATING TO ``FAIR CREDIT REPORTING; NAME-ONLY MATCHING PROCEDURES''--Motion to Proceed Mr. WARNOCK. I move to proceed to Calendar No. 392, S.J. Res. 140. The PRESIDING OFFICER. The clerk will report. The senior assistant legislative clerk read as follows: Motion to proceed to Calendar No. 392, S.J. Res. 140, 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 ``Fair Credit Reporting; Name-Only Matching Procedures''. Mr. WARNOCK. Mr. President, I rise today in support of my resolution to restore CFPB guidance that prevented mistaken identity on credit reports, which can destroy someone's credit through no fault of their own. Credit and background reports are incredibly important to the lives of Americans. The difference between good credit and bad credit can decide whether someone gets a house, an apartment, or a job. It determines how much money they will spend in order to afford a house. These reports may include criminal records or eviction records, so they need to be accurate. If they are inaccurate because of lazy name-matching practices, they can result in you being denied a job or apartment based on the wrong person's criminal or eviction record--a case of mistaken identity. And by the time you figure out what went wrong and jump through all the hoops to fix the problem, it is often too late for that job or apartment. The CFPB, under the previous administration, tried to fix this problem by saying companies need more than just someone's name to identify someone, but the Trump administration has torn up this guidance and made the lives of ordinary folks harder--harder to get a job, harder to find an apartment. I don't get it. I encourage my colleagues to vote yes on my resolution to restore this simple guidance to stop credit report mistaken identity by companies and debt collectors. I yield the floor. Vote on Motion to Proceed The PRESIDING OFFICER. The question is on agreeing to the motion to proceed. In the opinion of the Chair, the noes have it. The motion is rejected. The motion was rejected. The PRESIDING OFFICER. The Senator from Connecticut. [[Page S2268]] ____________________ Referenced legislation: SJRES140, SJRES140