Senate
May 13, 2026A 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 "Truth in Lending (Regulation Z); Consumer Protections for Home Sales Financed Under Contracts for Deed".
Summary
AI Generated
What the bill does: This bill uses a special Congress rule to block the Consumer Financial Protection Bureau (CFPB) from canceling protections for people buying homes through 'contracts for deed.' These are deals where the seller loans the money for the home instead of a bank. The protections make sure buyers get clear info and fair terms, like regular...
Bill Progress
Committee is reviewing, marking up, or holding hearings on the bill
Introduced(3/26/26)
Committee
Passed
House
Passed
Senate
President
Law
Sponsor
CS
Mr. Schumer
Senate (D) New York
Topics
Issues
Latest Action
Motion to proceed to consideration of measure rejected in Senate by Voice Vote. (consideration: CR S2267)
May 13, 2026
View Bill on Congress.gov