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SJRES 176

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 "Disclosure of Consumer Complaint Narrative Data".

119th Congress Introduced by Elizabeth Warren

The bill would disapprove the CFPB’s 2025 withdrawal and restore the 2015 rule, keeping public access to consumer complaint narrative data.

Introduced in Senate
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Bill Summary · SJRES 176

Summary: SJRES 176 (119th Congress, 2nd Session)

What the bill is

  • Joint resolution introduced in the Senate by Senator Elizabeth Warren on April 13, 2026.
  • Purpose: Use the Congressional disapproval process under the Congressional Review Act (CRA) to block a Bureau of Consumer Financial Protection (CFPB) rule.
  • The bill is titled: “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 ‘Disclosure of Consumer Complaint Narrative Data’.”

Main purpose and intent

  • To disapprove and nullify a CFPB rule that withdrew a prior rule concerning the disclosure of consumer complaint narrative data.
  • If enacted, the rule in question (the withdrawal of the prior disclosure rule) would have no force or effect.

Key provisions and changes

  • Disapproval under the CRA: The joint resolution would provide congressional disapproval of the CFPB rule that withdraws the earlier rule about disclosure of consumer complaint narrative data.
  • Specific rule addressed: The resolution cites two Federal Register entries:
    • The 2015 rule: “Disclosure of Consumer Complaint Narrative Data” (80 Fed. Reg. 15572, March 24, 2015).
    • The 2025 withdrawal rule: (90 Fed. Reg. 20084, May 12, 2025) withdrawing the 2015 rule.
  • Effect of passage: The disapproval resolution would render the 2025 withdrawal rule null and void, reinstating or preserving the effect of the 2015 rule to the extent consistent with the disapproval (i.e., the CFPB would be prohibited from taking action to withdraw the 2015 rule as specified).

Who or what would be affected

  • The CFPB rulemaking authority and its disclosure of consumer complaint narrative data.
  • Stakeholders who rely on or are affected by the availability of consumer complaint data disclosures, including:
    • Consumers seeking transparency on complaint narratives.
    • Financial institutions and covered entities subject to CFPB data collection and reporting.
    • Policymakers and researchers who use narrative data to assess consumer financial markets and enforcement actions.

Procedural and timeline aspects

  • Status: Introduced in the Senate and referred to the Committee on Banking, Housing, and Urban Affairs (same day: April 13, 2026).
  • Legislative vehicle: Joint resolution under the CRA to disapprove a rule.
  • CRA process: If the joint resolution passes both chambers and is enacted, it would negate the CFPB rule’s withdrawal and restore the status of the 2015 disclosure rule, with no further action needed by the CFPB to implement it.

Practical implications

  • The bill reflects congressional intent to maintain or restore public access to specific CFPB consumer complaint narrative data that the agency sought to withhold through its 2025 withdrawal rule.
  • It demonstrates legislative oversight over CFPB data transparency initiatives and their impact on consumer protection information.

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

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