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SJRES 166

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 "Equal Credit Opportunity (Regulation B); Discrimination on the Bases of Sexual Orientation and Gender Identity".

119th Congress Introduced by Elizabeth Warren

If enacted, it nullifies the CFPB rule prohibiting credit discrimination based on sexual orientation and gender identity.

Introduced in Senate
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Bill Summary · SJRES 166

Summary of SJRES 166 (Senate) — 119th Congress

What the bill does

Senate Joint Resolution 166 provides for congressional disapproval, under the procedures of the Congressional Review Act (CRA) as amended by Chapter 8 of title 5, United States Code, of a Bureau of Consumer Financial Protection (CFPB) rule. Specifically, it targets the CFPB rule titled “Equal Credit Opportunity (Regulation B); Discrimination on the Bases of Sexual Orientation and Gender Identity,” and would withdraw that rule from effect.

In practical terms, if enacted, the resolution would nullify the CFPB rule about prohibited discrimination in credit transactions on the bases of sexual orientation and gender identity, effectively overturning the CFPB’s regulatory action.

Purpose and intent

  • To overturn or disapprove a CFPB rule related to Equal Credit Opportunity, specifically the prohibition on discrimination in credit based on sexual orientation and gender identity.
  • To remove, rather than modify, the CFPB rule and restore the status quo ante prior to the rule’s issuance.

Key provisions and changes

  • Declares disapproval under the Congressional Review Act for the specified CFPB rule.
  • Requires the rule to have no force or effect as if it were not issued, effectively overturning it.
  • Uses the CRA process to expedite disapproval through Congress, circumventing typical federal rulemaking procedures for amendments or replacements.

Who/what would be affected

  • The primary regulatory entity affected is the Bureau of Consumer Financial Protection (CFPB).
  • Financial institutions and creditors subject to Regulation B (Equal Credit Opportunity Rule) would be relieved of the corresponding requirements prohibiting discrimination on the basis of sexual orientation and gender identity that would have been established by the rule.
  • Consumers seeking credit protections related to sexual orientation and gender identity would be impacted, as the explicit prohibition under Regulation B would not apply under the disapproved rule.

Procedural and timeline aspects

  • Introduced in the Senate and read twice on 2026-04-13.
  • Referred to the Committee on Banking, Housing, and Urban Affairs the same day.
  • Co-sponsor: Senator Elizabeth Warren.
  • As a CRA disapproval resolution, passage in both chambers is required for effective repeal, followed by presidential assent to take full effect.

Practical impact and considerations

  • If enacted, the disapproval would remove the specific nondiscrimination standard for credit decisions based on sexual orientation and gender identity that was to be implemented by the CFPB rule.
  • It would likely shift the regulatory landscape back to prior rules or leave potential gaps in protection against credit discrimination based on LGBTQ+ status, depending on other applicable statutes and regulations.
  • The resolution represents a procedural pathway for Congress to nullify an agency rule, rather than to replace it with an alternative rule.

Note: This summary reflects the bill’s stated mechanism to disapprove a CFPB rule under the CRA and the targeted rule’s topic. For full practical effects, consider how other civil rights and credit-discrimination protections interact with existing law.

Compiled from official sources — confirm details with the bill’s official record.

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