Bills · SJRES 151
IN COMMITTEE· 119TH CONGRESS
Senate Joint Res.SJRES 151Finance and Financial Sector
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 2023-01: Unfair Billing and Collection Practices After Bankruptcy Discharges of Certain Student Loan Debts".
This resolution prevents the consumer watchdog agency from withdrawing rules that protect student loan borrowers from being billed for debt that was legally canceled in court.AI-written
INTRO MAR 26· LAST ACTION MAR 26
PASSAGE CHANCESLONG SHOT
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1MIN
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READER REACTIONS0 TOTAL
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- Introduced only
tl;dr
AI-writtenBlocks the CFPB from canceling its own consumer protections, forcing the agency to keep cracking down on student loan companies that try to collect on debts wiped out in bankruptcy.
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenStudent loans are notoriously difficult to get rid of in bankruptcy, but for many private loans, it is possible. When a borrower wins their bankruptcy case, they expect a fresh start. If the CFPB is allowed to withdraw its guidance, it sends a signal to the loan industry that the government might not punish them for continuing to demand payment on debts that no longer exist.
By passing this resolution, Congress ensures that the CFPB continues to treat the collection of discharged student debt as an illegal and unfair practice. This maintains a layer of protection for vulnerable people who are trying to rebuild their lives after financial hardship, preventing them from being harassed into paying money they are not legally obligated to pay.
KEY PROVISIONS
3AI-extractedPROVISION 01
Disapproves of the CFPB's decision to withdraw the 2023 bulletin on student loan bankruptcy discharges.
This is the primary mechanism to stop the agency from removing consumer protections.
PROVISION 02
Declares that the CFPB's withdrawal rule shall have 'no force or effect.'
This legally voids the agency's action and prevents it from being implemented.
PROVISION 03
Effectively reinstates the 'Bulletin 2023-01' guidelines regarding unfair billing practices.
It ensures the original rules protecting borrowers remain the standard for the industry.
SPONSORSHIP
1 + 0
D· Hawaii
YRS IN OFFICE
19
BILLS LED
62
ACTION TIMELINE
2 EVENTSMAR 26
Introduced in Senate
MAR 26
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
BILL INFO
TypeSenate Joint Resolution
NumberSJRES 151
Congress119th
StatusIn Committee
IntroducedMar 26, 2026
Last actionMar 26, 2026
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IN COMMITTEE· 119TH CONGRESS · BANKING, HOUSING, AND URBAN AFFAIRS COMMITTEE · INTRODUCED MAR 26, 2026
Senate Joint Res.SJRES 151Finance and Financial Sector
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 2023-01: Unfair Billing and Collection Practices After Bankruptcy Discharges of Certain Student Loan Debts".
This resolution prevents the consumer watchdog agency from withdrawing rules that protect student loan borrowers from being billed for debt that was legally canceled in court.AI-written
INTRODUCED MAR 26, 2026· LAST ACTION MAR 26, 2026
PASSAGE CHANCES
10%
READING
