Bills · SJRES 145
IN COMMITTEE· 119TH CONGRESS
Senate Joint Res.SJRES 145Consumer Financial Protection BureauConsumer credit
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 "Fair Credit Reporting; Permissible Purposes for Furnishing, Using, and Obtaining Consumer Reports".
This bill prevents the government from canceling existing rules that protect the privacy of your credit report, keeping strict limits on who can access your financial data.AI-written
INTRO MAR 25· LAST ACTION MAY 13
PASSAGE CHANCESLONG SHOT
10%
READING
2MIN
COSPONSORS
0
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
tl;dr
AI-writtenStops the CFPB from rolling back privacy rules, ensuring that credit bureaus cannot share your financial history with companies that don't have a specific, legal reason to see it.
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenYour credit report contains some of your most sensitive personal information, including your debt levels, payment history, and home address. If the rules for who can see this data are loosened, it could lead to more unwanted solicitations, a higher risk of identity theft, or companies using your financial history in ways you never intended.
This bill matters because it represents a tug-of-war over consumer privacy. If it becomes law, the stricter privacy protections stay; if it fails, the government agency is allowed to roll back those protections, potentially making your personal financial data more accessible to various businesses and third parties.
KEY PROVISIONS
3AI-extractedPROVISION 01
Invalidates the CFPB rule from May 12, 2025
This stops the agency from successfully canceling previous consumer privacy protections.
PROVISION 02
Reinstates the 2022 'Permissible Purposes' standards
It ensures that companies must have a specific, individual reason to access a person's credit report.
PROVISION 03
Invokes the Congressional Review Act
This prevents the CFPB from ever issuing a 'substantially similar' rule in the future without a new law from Congress.
SPONSORSHIP
1 + 0
D· Oregon
YRS IN OFFICE
45
BILLS LED
95
ACTION TIMELINE
7 EVENTSMAY 13
Motion to proceed to consideration of measure rejected in Senate by Voice Vote. (consideration: CR S2266-2267)
APR 27
Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).
APR 27
Placed on Senate Legislative Calendar under General Orders. Calendar No. 394.
MAR 25
Introduced in Senate
BILL INFO
TypeSenate Joint Resolution
NumberSJRES 145
Congress119th
StatusIn Committee
IntroducedMar 25, 2026
Last actionMay 13, 2026
READER REACTIONS
OVERALL SENTIMENT
No reactions yet. Be the first to weigh in.
Discussion
Loading comments...
IN COMMITTEE· 119TH CONGRESS · BANKING, HOUSING, AND URBAN AFFAIRS COMMITTEE · INTRODUCED MAR 25, 2026
Senate Joint Res.SJRES 145Consumer Financial Protection BureauConsumer credit
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 "Fair Credit Reporting; Permissible Purposes for Furnishing, Using, and Obtaining Consumer Reports".
This bill prevents the government from canceling existing rules that protect the privacy of your credit report, keeping strict limits on who can access your financial data.AI-written
INTRODUCED MAR 25, 2026· LAST ACTION MAY 13, 2026
PASSAGE CHANCES
10%
