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 “Application of Regulation Z’s Ability-To-Repay Rule to Certain Situations Involving Successors-In-Interest”.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S.J. Res. 146 Introduced in Senate (IS)]

119th CONGRESS 2d Session S. J. RES. 146

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 "Application of Regulation Z's Ability-To-Repay Rule to Certain Situations Involving Successors-In-Interest".

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IN THE SENATE OF THE UNITED STATES

March 25, 2026

Mr. Schiff introduced the following joint resolution; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs

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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 "Application of Regulation Z's Ability-To-Repay Rule to Certain Situations Involving Successors-In-Interest".

Resolved by the Senate and House of Representatives of the United States of America in Congress assembled, That Congress disapproves the rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to "Application of Regulation Z's Ability-To-Repay Rule to Certain Situations Involving Successors- In-Interest (79 Fed. Reg. 41631 (July 17, 2014))" (90 Fed. Reg. 20084 (May 12, 2025)), and such rule shall have no force or effect.