Question 1

What does HJR164 do?

Accepted Answer

This joint resolution exercises Congress's authority under the Congressional Review Act to disapprove a regulatory action taken by the Bureau of Consumer Financial Protection. Specifically, the resolution targets the Bureau's withdrawal of a rule concerning Equal Credit Opportunity (Regulation B) that addressed revocations or unfavorable changes to the terms of existing credit arrangements. The Bureau initially published the underlying rule on May 18, 2022, establishing protections for consumers against adverse modifications to their credit terms. Subsequently, on May 12, 2025, the Bureau published a withdrawal of this rule, effectively eliminating these protections. This joint resolution seeks to nullify that withdrawal action, thereby preserving the original consumer protections established in the 2022 rule. The resolution represents a congressional intervention to maintain regulatory safeguards that the Bureau sought to eliminate, reflecting a policy disagreement between the legislative and executive branches regarding the appropriate level of consumer financial protection in credit arrangements.

Question 2

Who sponsored HJR164?

Accepted Answer

Cleo Fields

Question 3

What is the status of HJR164?

Accepted Answer

Introduced as of April 30, 2026.

H.J.Res.164