119th Congress
S.J.Res. 128
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".
- Introduced
- In committee
- Passed Senate
- Passed House
- To President
- Became law
- Sponsor
- Catherine Cortez Masto(D-NV)
- Introduced
- Mar 17, 2026
- Policy area
- Finance and Financial Sector
- Committees
- Senate Committee on Banking, Housing, and Urban Affairs
- Official text
- Placed on Calendar Senate · Congress.gov page
Cosponsors (0)
No cosponsors.
Summary
Summary by the Congressional Research Service· describes the “Introduced in Senate” version
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.
Roll-call votes
No recorded votes on this bill.
Actions
- May 13, 2026 · Senate
Motion to proceed to consideration of measure rejected in Senate by Voice Vote. (consideration: CR S2270-2271) - Apr 27, 2026 · Senate
Placed on Senate Legislative Calendar under General Orders. Calendar No. 384. - Apr 27, 2026 · Senate
Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c). - Mar 17, 2026 · Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. - Mar 17, 2026
Introduced in Senate