119th Congress Finance and Financial Sector
S.J.Res. 128: Disapproval of Bureau of Consumer Financial Protection relating to the withdrawal of the rule rule: Consumer Financial Protection Circular 2024-03: Unlawful and Unenforceable Contract Terms and Conditions
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 "Consumer Financial Protection Circular 2024-03: Unlawful and Unenforceable Contract Terms and Conditions".
Reported
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This joint resolution reinstates the Consumer Financial Protection Bureau’s (CFPB’s) guidance on unlawful and unenforceable contract terms published in a June 2024 circular. The circular states that consumer financial service providers that include unlawful or unenforceable terms in contracts with consumers (such as a contract that contains an unlawful waiver of the consumer’s right to sue) may be in violation of the Consumer Financial Protection Act's ban on deceptive acts or practices.
The CFPB withdrew this circular on May 12, 2025. This joint resolution disapproves of the rule that withdraws this circular.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Who scored on this bill
- 1Catherine Cortez Masto SponsorIntroduced, discharged2 events+24
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- S.J.Res. 129: Disapproval of Bureau of Consumer Financial Protection relating to the withdrawal of the rule rule: The Fair Credit Reporting Act's Limited Preemption of State Laws
History
- Introduced in the Senate by Catherine Cortez Masto.
Show the full action history (5 actions)
- Motion to proceed to consideration of measure rejected in Senate by Voice Vote. (consideration: CR S2270-2271)
- Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).
- Placed on Senate Legislative Calendar under General Orders. Calendar No. 384.
- Introduced in Senate
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.