H.R. 8777In committeeJobs & the economy
Bill seeks to restore 20-plus CFPB consumer protection rules scrapped in May
Data as of July 11, 2026
This bill would restore more than 20 consumer financial protection rules that the CFPB withdrew in May 2025.45-second read · 4 questions answered below
Decoded
What does this do?
This bill would cancel the CFPB's May 2025 decision to withdraw more than 20 of its own rules and guidelines. Those rules covered topics like medical debt collection, overdraft fees, lending discrimination, data security, credit reporting, and protections for military servicemembers. Restoring them would put all those rules back in effect as if they had never been removed.
Who does it affect?
Everyday people who use bank accounts, credit cards, loans, or credit reports would be directly affected. Active-duty military members and their families are also among those covered by the rules this bill would restore.
Why does it matter?
If the bill passes, the withdrawn CFPB rules would be legally in force again, and financial institutions would be required to follow them. If it does not pass, those rules remain withdrawn and the consumer protections they provided stay absent.
Where does it stand?
- Introduced
- House committee — You are here
- House vote
- Senate
- President's desk
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the President.
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Official title
GUIDANCE Act of 2026
- Introduced:
- May 13, 2026
- Latest action:
- May 13, 2026
Referred to the House Committee on Financial Services.
Read the official bill on Congress.govMake the call
Three steps: where you stand, your script, the call.