Senate bill seeks to restore CFPB military lending oversight
Placed on the calendarS.J.Res. 132Latest action
Sponsor: Jack Reed · Senator · RI
AIDecoded by AI · checked against the recordRead the official text
Official title: 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 "Examinations for Risks to Active-Duty Servicemembers and Their Covered Dependents".
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
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Congress is voting to restore a federal rule that required financial companies serving military families to undergo special oversight examinations.
40-second read · 4 questions answered below
What does this do?
This resolution would cancel a May 2025 decision by the Consumer Financial Protection Bureau to drop a rule requiring special examinations of financial companies that serve military communities. If the resolution passes, the original 2021 rule would be restored and the CFPB's cancellation would have no legal effect.
Who does it affect?
Active-duty military servicemembers and their covered dependents would again have federal oversight protecting them from unfair treatment by lenders. Financial institutions that serve the military community could again be subject to targeted CFPB examinations.
Why does it matter?
If the resolution passes, the CFPB would be required to resume conducting those special examinations. If it does not pass, the 2021 rule remains canceled and those examinations would not take place.
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Where does it stand?
- IntroducedMar 18, 2026
- Senate committee
- Senate voteYou are here · Apr 27, 2026
- House
- The president's desk
Right now: it was placed on the , and the official record shows no floor action on it since. If the House changes it, it goes back to the Senate before reaching the president.
Latest action: — Placed on Senate Legislative Calendar under General Orders. Calendar No. 388.
Recorded votes
Roll-call votes recorded since January 3, 2025.
Senate · · Roll call 121
As recorded
- Question
- On the S.J.Res. 132
- Result:
- Motion to Proceed Rejected
- 48
- Nay
- 52
- 0
- 0
Republicans 1 yes, 52 no · Democrats 45 yes · Independents 2 yes
Official recordHow members voted
The official record lists how each member voted.Official record