Senate
May 13, 2026

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 "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...

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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