Question 1

What does SJR154 do?

Accepted Answer

This joint resolution exercises congressional authority under the Congressional Review Act to disapprove a specific regulatory action taken by the Bureau of Consumer Financial Protection. The resolution targets the CFPB's withdrawal of a rule concerning Equal Credit Opportunity (Regulation B), specifically provisions addressing revocations or unfavorable changes to the terms of existing credit arrangements. By invoking the Congressional Review Act mechanism, Congress seeks to nullify the CFPB's decision to withdraw consumer protections that previously governed how creditors could modify or terminate existing credit relationships. The resolution represents a legislative intervention into financial regulatory policy, asserting congressional prerogative to preserve consumer protections that the agency sought to eliminate. The underlying Regulation B implements the Equal Credit Opportunity Act, which prohibits discrimination in credit transactions based on protected characteristics including race, color, religion, national origin, sex, marital status, age, and receipt of public assistance. The specific rule at issue addressed creditor practices regarding adverse changes to existing credit arrangements, establishing standards that creditors must follow when revoking credit or imposing unfavorable modifications to existing credit terms.

Question 2

Who sponsored SJR154?

Accepted Answer

Cory Booker

Question 3

What is the status of SJR154?

Accepted Answer

Introduced as of March 26, 2026.

S.J.Res.154