Referred to the House Committee on Financial Services.
This joint resolution uses the Congressional Review Act to disapprove a Bureau of Consumer Financial Protection (CFPB) rule that withdrew Bulletin 2022‑06, which addressed unfair returned deposited item (RDI) fee assessment practices.
If enacted, the resolution nullifies the CFPB's withdrawal so the November 7, 2022 Bulletin would remain in effect and the withdrawal would have no force or effect.
Narrow administrative action increases prospects, but partisan division over agency oversight and need for majorities reduce likelihood.
Relative to its intended legislative type (a Congressional Review Act disapproval resolving to remove a specific agency rule), this bill is straightforward and adequately constructed: it identifies the specific rule by Federal Register citation and declares the rule void. It omits contextual explanation, fiscal statements, and provisions addressing ancillary effects, but those omissions are typical for this type of short disapproval resolution.
Consumer protection emphasis versus regulatory burden on banks
Consumer protection emphasis versus regulatory burden on banks
Likely strongly supportive: the resolution preserves CFPB guidance meant to curb unfair bank fee practices.
Supporters would view this as protecting low‑income depositors and strengthening consumer enforcement.
Pragmatic cautious support: preserves consumer guidance but raises questions about costs, legal clarity, and administrative process.
Would weigh consumer benefits against compliance burdens and prefer empirical review.
Likely opposed: views the resolution as preserving burdensome federal guidance that expands CFPB reach.
Prefers withdrawal to reduce regulatory costs and preserve market flexibility.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Narrow administrative action increases prospects, but partisan division over agency oversight and need for majorities reduce likelihood.
The bill has not accumulated any surfaced votes yet.
Consumer protection emphasis versus regulatory burden on banks
Narrow administrative action increases prospects, but partisan division over agency oversight and need for majorities reduce likelihood.
Relative to its intended legislative type (a Congressional Review Act disapproval resolving to remove a specific agency rule), this bill is straightforward and adequately constructed: it identifies the specific rule by…
Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.