March 26, 2026
Mr. Merkley introduced the following joint resolution; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs
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
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That Congress disapproves 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 (90 Fed. Reg. 3622 (January 15, 2025))
(90 Fed. Reg. 20084 (May 12, 2025)), and such rule shall have no force or effect.