US Federal House Bill HJR170

US Federal 2025-2026 Regular Session

• Introduced: 4/30/26
• Refer: 4/30/26

Caption

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 "The Fair Credit Reporting Act's Limited Preemption of State Laws".

Impact

If passed, HJR170 would effectively nullify the CFPB's decision to withdraw the specific rule, thereby enabling states to maintain their authority to enact laws that supplement federal regulations regarding credit reporting. This has implications for how consumer protection is approached on both federal and state levels, ultimately ensuring that states can continue to provide robust protections for their residents against potential abuses or deficiencies in the federal system. It reinforces the idea that state laws can co-exist and provide additional safeguards in areas such as consumer rights and financial transactions.

Summary

HJR170 is a joint resolution aimed at disapproving a rule from the Bureau of Consumer Financial Protection (CFPB) concerning the Fair Credit Reporting Act. Specifically, the resolution addresses the CFPB's attempt to withdraw a rule that pertains to the limited preemption of state laws related to credit reporting. This reflects a legislative initiative to retain the applicability of state laws that provide additional consumer protections beyond what federal law stipulates. As such, HJR170 represents a significant move to assert Congressional oversight over regulatory actions taken by the CFPB.

Contention

The resolution may spark debate about the balance of power between state and federal regulations. Proponents argue that it is vital to protect consumers at a state level and support local governance to create laws that reflect the unique needs of their communities. Conversely, opponents may raise concerns about the effectiveness of a patchwork regulatory landscape, advocating for uniformity to streamline compliance for businesses operating across state lines. This contention points to a broader discussion regarding the role of agencies like the CFPB in overseeing financial practices while allowing states to retain their legislative competencies.