Jeff Merkley (D-OR)
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".
A Democratic resolution with no cosponsors
Last activity — Motion to proceed to consideration of measure rejected in Senate by Voice Vote. (consideration: CR S2270)
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 seeks to express congressional disapproval of a rule submitted by the Bureau of Consumer Financial Protection. The rule in question relates to the withdrawal of a rule regarding "Truth in Lending (Regulation Z); Consumer Credit Offered to Borrowers in Advance of Expected Receipt of Compensation for Work." If passed, the resolution dictates that the Bureau's rule shall have 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 consumer credit disclosure rules under Regulation Z, thereby maintaining protections for borrowers.
- Scored +4
Would households on low incomes be better off under this?
Maintaining Truth in Lending disclosures helps protect lower-income workers who rely on advances of pay from predatory credit terms.
- Scored +3
Would middle-income households be better off under this?
The resolution preserves consumer protections for credit offered in advance of compensation.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
- Maintaining Previous Regulations: By disapproving the Bureau's rule to withdraw previous regulations, this resolution could ensure that the original "Truth in Lending (Regulation Z); Consumer Credit Offered to Borrowers in Advance of $\dots$ Work" standards remain in place.
Potential Negative Impacts for People
- No Negative Impacts Identified: The provided text does not explicitly state any negative consequences or burdens that would result from 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 Truth in Lending disclosures helps protect lower-income workers who rely on advances of pay from predatory credit terms. Would middle-income households be better off under this? — The resolution preserves consumer protections for credit offered in advance of compensation. Would union members be better off under this? — The resolution preserves consumer credit protections that may affect workers receiving pay advances.
- Economy And Finance
- Does this give people more protection from unfair business practices? — The resolution prevents the withdrawal of consumer credit disclosure rules under Regulation Z, thereby maintaining protections for borrowers.
- Governance And Ideology
- Does this make what the government does easier for the public to see? — The resolution uses the congressional disapproval process to oversee and overturn agency actions regarding consumer credit rules.
- 5/13/2026
- Motion to proceed to consideration of measure rejected in Senate by Voice Vote. (consideration: CR S2270)
- 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. 400.
- 3/26/2026
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Introduced in Senate