Charles Schumer (D-NY)
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 Protections for Home Sales Financed Under Contracts for Deed".
A Democratic resolution with no cosponsors
Last activity — Motion to proceed to consideration of measure rejected in Senate by Voice Vote. (consideration: CR S2267)
Introduced, nothing more yet
Formally proposed, and not yet handed to a committee.
Nearly every bill is sent to a committee within days. Introduction alone is not a sign of support, of momentum, or of any likelihood of passing — any member may introduce any bill.
Its path through Congress
- Introduced
What this bill would do
This joint resolution aims to express congressional disapproval of a rule submitted by the Bureau of Consumer Financial Protection. The rule in question involves the withdrawal of a rule regarding "Truth in Lending (Regulation Z); Consumer Protections for Home Sales Financed Under Contracts for Deed." If this resolution passes, the rule submitted by the Bureau shall have no force or effect.
Yes· 3 of 6
- Scored +5
Does this give people more protection from unfair business practices?
The resolution prevents the withdrawal of consumer protections for home sales financed under contracts for deed.
- Scored +4
Would households on low incomes be better off under this?
The resolution preserves consumer protections that are highly relevant to individuals using contract-for-deed financing.
- Scored +3
Does this make housing cost less?
Maintaining protections for contract-for-deed home sales can help stabilize housing costs for buyers.
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 Bureau's rule, this resolution prevents the withdrawal of the rule relating to "Truth in Lending (Regulation Z); Consumer Protections for Home Sales Financed Under Contracts for Deed" (S. J. RES. 149).
Potential Negative Impacts for People
- No specific negative impacts are identified in 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? — The resolution preserves consumer protections that are highly relevant to individuals using contract-for-deed financing. Would people in cities be better off under this? — The preservation of consumer protections can benefit renters and buyers in urban housing markets.
- Economy And Finance
- Does this give people more protection from unfair business practices? — The resolution prevents the withdrawal of consumer protections for home sales financed under contracts for deed.
- Social Issues And Justice
- Does this make housing cost less? — Maintaining protections for contract-for-deed home sales can help stabilize housing costs for buyers. Is this likely to lift people out of poverty? — Protecting consumers in contract-for-deed arrangements helps prevent predatory financial loss for low-income households.
- Governance And Ideology
- Does this give the federal government more power? — The resolution uses congressional authority to overturn a Bureau of Consumer Financial Protection rule.
- 5/13/2026
- Motion to proceed to consideration of measure rejected in Senate by Voice Vote. (consideration: CR S2267)
- 4/27/2026
- Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).
- Placed on Senate Legislative Calendar under General Orders. Calendar No. 396.
- 3/26/2026
- 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.