Bills · SJRES 177
IN COMMITTEE· 119TH CONGRESS
Senate Joint Res.SJRES 177Finance 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 "Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders; Rescission".
This resolution stops the government from canceling a public database that tracks payday lenders and other financial companies that have been caught breaking consumer protection laws.AI-written
INTRO APR 13· LAST ACTION APR 13
PASSAGE CHANCESLONG SHOT
10%
READING
1MIN
COSPONSORS
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READER REACTIONS0 TOTAL
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- Introduced only
tl;dr
AI-writtenReinstates a public database of 'bad actor' financial companies like payday lenders and debt collectors by blocking a government rule that tried to delete the registry.
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenCurrently, if a financial company is caught cheating customers, they might be under a court order to stop, but it can be hard for a regular person to find that information. The registry was designed to bring transparency to the 'non-bank' sector, which is often less regulated than traditional banks. If this bill doesn't pass, the registry will be deleted, making it harder for consumers to know if a lender has a history of fraud or predatory behavior.
This matters because it's a battle over corporate accountability. Keeping the registry makes it easier for state attorneys general to track repeat offenders across state lines and ensures that companies that have already been caught breaking the law are under closer public and regulatory scrutiny.
KEY PROVISIONS
3AI-extractedPROVISION 01
Disapproves of the CFPB rule that canceled the nonbank registry.
This is the core action that stops the government from getting rid of the database of law-breaking companies.
PROVISION 02
Invokes the Congressional Review Act (CRA) to nullify the agency's action.
Using the CRA means the agency is also banned from making a 'substantially similar' rule in the future without a new law from Congress.
PROVISION 03
Reinstates the 'Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders'.
It restores the requirement for companies with a history of legal violations to report themselves to the federal government.
SPONSORSHIP
1 + 0
D· Massachusetts
YRS IN OFFICE
13
BILLS LED
85
ACTION TIMELINE
2 EVENTSAPR 13
Introduced in Senate
APR 13
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
BILL INFO
TypeSenate Joint Resolution
NumberSJRES 177
Congress119th
StatusIn Committee
IntroducedApr 13, 2026
Last actionApr 13, 2026
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IN COMMITTEE· 119TH CONGRESS · BANKING, HOUSING, AND URBAN AFFAIRS COMMITTEE · INTRODUCED APR 13, 2026
Senate Joint Res.SJRES 177Finance 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 "Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders; Rescission".
This resolution stops the government from canceling a public database that tracks payday lenders and other financial companies that have been caught breaking consumer protection laws.AI-written
INTRODUCED APR 13, 2026· LAST ACTION APR 13, 2026
PASSAGE CHANCES
10%
READING
1 min
