Peter Welch (D-VT)
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 "Bulletin 2012-04: Lending discrimination (April 18, 2012)".
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 express congressional disapproval of a rule submitted by the Bureau of Consumer Financial Protection. The rule in question involves the withdrawal of a previous rule regarding "Bulletin 2012-04: Lending discrimination (April 18, 2012)." If passed, this resolution would ensure that the rule submitted by the Bureau has no force or effect. The resolution was introduced by Mr. Welch in the Senate.
Yes· 3 of 7
- Scored +5
Does this give people more protection from unfair business practices?
The resolution maintains existing guidance on lending discrimination by preventing its withdrawal.
- Scored +3
Would households on low incomes be better off under this?
Maintaining lending discrimination protections helps safeguard low-income individuals from discriminatory credit practices.
- Scored +3
Would Black Americans be better off under this?
The bill preserves guidance intended to prevent lending discrimination that often disproportionately affects Black Americans.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
- Maintenance of existing lending discrimination guidance: By disapproving the withdrawal, the resolution prevents the Bureau of Consumer Financial Protection from removing the rule relating to "Bulletin 2012-04: Lending discrimination (April 18, 2012)" (S.J. Res. 157). This would keep the original rule in place rather than allowing it to be withdrawn.
Potential Negative Impacts for People
- No specific negative impacts are detailed in the text provided.
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? — The bill preserves guidance intended to prevent lending discrimination that often disproportionately affects Black Americans. Would Hispanic Americans be better off under this? — Maintaining lending discrimination guidance helps protect Hispanic Americans from discriminatory credit practices. Would households on low incomes be better off under this? — Maintaining lending discrimination protections helps safeguard low-income individuals from discriminatory credit practices. Would people in cities be better off under this? — Protecting against lending discrimination helps maintain equitable access to credit in diverse urban populations.
- Economy And Finance
- Does this give people more protection from unfair business practices? — The resolution maintains existing guidance on lending discrimination by preventing its withdrawal.
- Social Issues And Justice
- Does this narrow racial gaps in how people are treated? — By preventing the withdrawal of lending discrimination guidance, the bill helps maintain protections against racial disparities in lending.
- Governance And Ideology
- Does this make what the government does easier for the public to see? — The resolution serves as a legislative check on the Bureau of Consumer Financial Protection's regulatory actions.
- 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.