Senate bill targets CFPB's scrapped credit report rule
Placed on the calendarS.J.Res. 145Latest action
Sponsor: Ron Wyden · Senator · OR
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 "Fair Credit Reporting; Permissible Purposes for Furnishing, Using, and Obtaining Consumer Reports".
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
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Congress is voting on whether to block the CFPB from canceling a 2022 rule about who can access your credit report.
40-second read · 4 questions answered below
What does this do?
This resolution would cancel the CFPB's May 2025 decision to withdraw a rule it had proposed in 2022. That 2022 rule was meant to set clearer limits on who can access, share, or use information from a person's credit report and why. If this resolution passes, the CFPB's withdrawal of that rule would have no legal effect.
Who does it affect?
This affects everyday Americans who have credit reports. It also affects lenders, employers, landlords, and other businesses that request or use credit information.
Why does it matter?
The question of what counts as a legitimate reason to access someone's credit file would remain an open regulatory matter. The rules around credit report access would not be considered settled.
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Where does it stand?
- IntroducedMar 25, 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. 394.