Congress·In Committee·H.J.Res. 170

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".

Credit Reporting: Blocking Federal Rule on State Laws

Apr 30·View on Congress.gov·Read full text

Part of: Sen. Cortez Masto introduced S.J.Res. 129 to block a CFPB rule that limits state

Next up: A house committee

This bill is currently in the House Committee on Financial Services where it has been since April 29, 2026. The House committee must review the bill before it can move forward, but no action has taken place since its introduction. A companion bill in the Senate, S.J. Res. 129, is also not moving forward.

Companion bill: Sen. Cortez Masto Introduces Resolution to Protect State-Level Credit Reporting Laws →

Legislative Progress

House

Senate

President

Law

Unlikely to pass

This is a challenge to an agency rule. These measures usually only succeed when the party in charge of Congress is different from the one that led the agency and the White House.

Key Points

This resolution aims to cancel a specific rule made by the Bureau of Consumer Financial Protection. If this measure passes, the agency's rule would be completely erased and have no legal power.
The rule in question deals with the Fair Credit Reporting Act. It specifically focuses on when federal law takes priority over state laws regarding how credit information is handled and reported.
This policy affects how much power states have to create their own consumer protection laws. If the federal rule is blocked, it could change the balance between national standards and local rules that protect people from credit report errors.
This action is part of a larger debate over whether there should be one single set of rules for the whole country or if states should be allowed to pass stricter laws to protect their residents from financial harm.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.

Milestones

2 milestones2 actions

Apr 30, 2026House

Referred to the House Committee on Financial Services.

Apr 30, 2026

Introduced in House

The bill was officially filed and given a number. It now enters the legislative queue.

No votes or news coverage recorded for this bill yet.

Source Information

Document Type

Congressional Bill

Official Title

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".

Bill NumberHJRES 170

Congress119th Congress

ChamberHouse of Representatives

Latest ActionReferred to the House Committee on Financial Services.

Data Sources

Congress.gov

Official legislative information

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Analysis generated by AI. Always verify with official sources.