Stephen Lynch (D-MA)
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; File Disclosure".
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 seeks 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; File Disclosure''. If passed, this resolution would ensure that the Bureau's rule has no force or effect.
Yes· 3 of 5
- Scored +5
Does this give people more protection from unfair business practices?
The resolution prevents the withdrawal of a rule regarding credit file disclosures, thereby maintaining existing consumer protections regarding credit reporting.
- Scored +3
Would households on low incomes be better off under this?
Maintaining credit disclosure requirements helps protect low-income consumers by ensuring they receive accurate information about their credit files.
- Scored +3
Would middle-income households be better off under this?
The preservation of credit reporting rules protects middle-income households from potential decreases in disclosure accuracy.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
- Preventing the withdrawal of the previous rule: By disapproving the new rule, Congress is acting to ensure the previous rule relating to ``Fair Credit Reporting; File Disclosure'' is not withdrawn. This would maintain the existing standard established in 89 Fed. Reg. 4167 (January 23, 2024).
Potential Negative Impacts for People
- No specific negative impacts are detailed in the text: The provided text does not list any specific negative consequences or burdens that would result from the passage of this resolution.
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 households on low incomes be better off under this? — Maintaining credit disclosure requirements helps protect low-income consumers by ensuring they receive accurate information about their credit files. Would middle-income households be better off under this? — The preservation of credit reporting rules protects middle-income households from potential decreases in disclosure accuracy. Would people in cities be better off under this? — Consistent credit reporting transparency benefits urban populations who rely heavily on formal credit systems.
- Economy And Finance
- Does this give people more protection from unfair business practices? — The resolution prevents the withdrawal of a rule regarding credit file disclosures, thereby maintaining existing consumer protections regarding credit reporting.
- Governance And Ideology
- Does this make what the government does easier for the public to see? — By blocking the withdrawal of a consumer disclosure rule, the resolution ensures continued transparency in how credit files are disclosed to consumers.
- 5/13/2026
- 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.