WeVote
Log In

Bill

Bill

SJRES 174

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 "Bulletin 2022-04: Mitigating Harm From Repossession of Automobiles".

119th Congress Introduced by Elizabeth Warren

Prohibits the CFPB withdrawal of Bulletin 2022-04 on auto repossession, reinstating the original guidance and ensuring the withdrawal has no legal effect.

Introduced in Senate
0
WeVote Research Nonpartisan
Bill Summary · SJRES 174

Summary of SJRES 174 (119th Congress)

Purpose

  • A joint resolution that uses the congressional disapproval process under the Congressional Review Act (chapter 8 of title 5, United States Code) to disapprove a rule submitted by the Bureau of Consumer Financial Protection (CFPB).
  • The disapproved rule concerns the withdrawal of a prior CFPB bulletin titled “Bulletin 2022-04: Mitigating Harm From Repossession of Automobiles.”

What the bill would do

  • Declares that Congress disapproves the CFPB rule described as the withdrawal of the Bulletin 2022-04.
  • Specifically states that the rule (as published: 87 Fed. Reg. 11951 on March 3, 2022; with the withdrawal published in 90 Fed. Reg. 20084 on May 12, 2025) shall have no force or effect.

Key provisions and changes

  • The central provision is to nullify the CFPB’s withdrawal rule using the congressional disapproval mechanism.
  • If enacted, the disapproval means the CFPB’s withdrawal of Bulletin 2022-04 would be reversed, and the withdrawal would not take effect.
  • The text identifies the rule by its citations:
    • Withdrawal of Bulletin 2022-04: Mitigating Harm From Repossession of Automobiles
    • Federal Register references: 87 Fed. Reg. 11951 (March 3, 2022); 90 Fed. Reg. 20084 (May 12, 2025)

Who or what would be affected

  • The CFPB rulemaking record related to the withdrawal of Bulletin 2022-04 would be affected.
  • Practically, if the joint resolution becomes law, the previously withdrawn guidance or rule would no longer be considered withdrawn; the policy or guidance as originally published by the CFPB (Bulletin 2022-04) would remain in effect or be available as guidance, depending on how the CFPB interprets the reinstatement.
  • Affects federal regulatory text and potentially the enforcement or treatment of auto repossession practices as they relate to risk mitigation and consumer protections outlined in the bulletin.

Procedural/timeline aspects

  • Introduced in the Senate on April 13, 2026 (Senator Elizabeth Warren as primary sponsor; co-sponsor listed).
  • Sent to the Senate Committee on Banking, Housing, and Urban Affairs for consideration.
  • Under the Congressional Review Act, if passed by both chambers and signed by the President (or veto overridden), the disapproval would invalidate the CFPB withdrawal rule.
  • The bill explicitly references the withdrawal rule’s publication in the Federal Register and designates its lack of force or effect if disapproval is enacted.

Notes

  • This summary focuses on the substantive content: purpose, provisions, affected policies, and procedural steps.
  • The bill uses standard CRA disapproval language to nullify a specific CFPB regulatory action (the withdrawal of Bulletin 2022-04). It does not, by itself, create new requirements but reverses a CFPB administrative action.

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

Sign in to ask a question.