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S.J.Res.156

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 "Truth in Lending (Regulation Z); Consumer Credit Offered to Borrowers in Advance of Expected Receipt of Compensation for Work".

Introduced·3/26/26

Congress disapproves a rule by the Bureau of Consumer Financial Protection on consumer credit offered before expected compensation receipt.

Federal SJR156 is a joint resolution disapproving a rule by the Bureau of Consumer Financial Protection. The rule in question concerns the withdrawal of regulations under "Truth in Lending (Regulation Z)" regarding consumer credit offered to borrowers before they receive expected compensation for work. The resolution nullifies the rule, ensuring it has no legal effect.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
In committee
Next
Committee decision

Sponsors

D
1
0
Democratic CaucusRepublican Caucus

History

May 13

Senate

Motion to proceed to consideration of measure rejected in Senate by Voice Vote. (consideration: CR S2270)

Apr 27

Senate

Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).

Apr 27

Senate

Placed on Senate Legislative Calendar under General Orders. Calendar No. 400.