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 Credit Offered to Borrowers in Advance of Expected Receipt of Compensation for Work".
Summary
AI Generated
What the bill does: This bill uses a special rule to stop the Consumer Financial Protection Bureau (CFPB) from canceling a rule. That rule says companies giving workers early access to their paychecks must follow strict lending laws, like clear info on costs and risks. Key impacts: Who benefits: Workers who get paycheck...
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
JM
Mr. Merkley
Senate (D) Oregon
Topics
Issues
Latest Action
Motion to proceed to consideration of measure rejected in Senate by Voice Vote. (consideration: CR S2270)
May 13, 2026
View Bill on Congress.gov