Bill Foster (D-IL)
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 "Fair Credit Reporting; Name-Only Matching Procedures".
A Democratic resolution with no cosponsors
Last activity — Referred to the House Committee on Financial Services.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
This joint resolution aims to express congressional disapproval of a specific rule submitted by the Bureau of Consumer Financial Protection. The rule in question involves the withdrawal of a previous rule regarding "Fair Credit Reporting; Name-Only Matching Procedures." If passed, the resolution states that the rule shall have no force or effect. This action is being taken under chapter 8 of title 5, United States Code.
Yes· 3 of 9
- Scored +5
Does this give people more protection from unfair business practices?
The resolution prevents the withdrawal of name-only matching procedures, which helps maintain existing consumer protections under the Fair Credit Reporting Act.
- Scored +3
Would households on low incomes be better off under this?
Maintaining name-only matching procedures can help protect consumers from credit errors that disproportionately affect those monitoring their financial standing.
- Scored +3
Would middle-income households be better off under this?
The preservation of these credit reporting standards provides stability for consumer financial data.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
- Prevention of Rule Withdrawal: By disapproving the rule that sought to withdraw the "Fair Credit Reporting; Name-Only Matching Procedures" rule, this resolution could keep the original procedures in place. (Text of the Resolution)
Potential Negative Impacts for People
- No Negative Impacts Identified: The provided text does not contain information regarding potential negative consequences or burdens for individuals or groups.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would Black Americans be better off under this? — Ensuring consistent credit reporting procedures can help mitigate systemic errors in credit history. Would Asian Americans be better off under this? — Maintaining credit reporting rules provides a consistent standard for all consumers. Would Hispanic Americans be better off under this? — Preventing the withdrawal of matching procedures helps maintain data accuracy in credit reporting. Would households on low incomes be better off under this? — Maintaining name-only matching procedures can help protect consumers from credit errors that disproportionately affect those monitoring their financial standing. Would middle-income households be better off under this? — The preservation of these credit reporting standards provides stability for consumer financial data. Would white Americans be better off under this? — Consistent consumer protection standards benefit the broader credit-using population. Would people in cities be better off under this? — Maintaining standard credit reporting procedures helps ensure financial data accuracy for diverse populations.
- Economy And Finance
- Does this give people more protection from unfair business practices? — The resolution prevents the withdrawal of name-only matching procedures, which helps maintain existing consumer protections under the Fair Credit Reporting Act.
- Governance And Ideology
- Does this make what the government does easier for the public to see? — The resolution represents the use of congressional oversight to check administrative rule-making actions.
- 5/7/2026
- Referred to the House Committee on Financial Services.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.