Sheldon Whitehouse (D-RI)
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 "Consumer Financial Protection Circular 2023-02: Reopening Deposit Accounts That Consumers Previously Closed".
A Democratic resolution with no cosponsors
Last activity — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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 provide congressional disapproval of a rule submitted by the Bureau of Consumer Financial Protection. The rule in question relates to the withdrawal of a previous rule regarding "Consumer Financial Protection Circular 2023-02: Reopening Deposit Accounts That Consumers Previously Closed." If passed, this resolution would ensure that the rule has no force or effect.
Yes· 3 of 5
- Scored +5
Does this give people more protection from unfair business practices?
By disapproving the withdrawal of the circular, the bill maintains guidance intended to protect consumers' ability to reopen previously closed deposit accounts.
- Scored +3
Would households on low incomes be better off under this?
Protecting the ability to reopen deposit accounts provides greater financial stability and access for low-income consumers.
- Scored +3
Would middle-income households be better off under this?
Ensuring access to reopened deposit accounts benefits middle-income households' financial management.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
- The resolution seeks to prevent the withdrawal of the rule regarding "Consumer Financial Protection Circular 2023-02: Reopening Deposit Accounts That Consumers Previously Closed" (S.J. Res. 143).
Potential Negative Impacts for People
- There are no specific negative impacts or burdens for individuals or groups of people described within the provided text.
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? — Protecting the ability to reopen deposit accounts provides greater financial stability and access for low-income consumers. Would middle-income households be better off under this? — Ensuring access to reopened deposit accounts benefits middle-income households' financial management. Would people in cities be better off under this? — Maintaining consumer protections regarding deposit accounts can assist residents in urban areas with volatile banking needs.
- Economy And Finance
- Does this give people more protection from unfair business practices? — By disapproving the withdrawal of the circular, the bill maintains guidance intended to protect consumers' ability to reopen previously closed deposit accounts.
- Governance And Ideology
- Does this make what the government does easier for the public to see? — The resolution utilizes congressional oversight to challenge an agency's decision to withdraw regulatory guidance.
- 3/25/2026
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Introduced in Senate
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.