Congress·In Committee·H.J.Res. 173

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 "Consumer Financial Protection Circular 2023-02: Reopening Deposit Accounts That Consumers Previously Closed".

Banking: Preventing Banks from Reopening Closed Accounts

2 months ago·View on Congress.gov·Read full text

This bill is currently in the early stages of the legislative process after being introduced in the House. It has been sent to the House Committee on Financial Services for review. There are no upcoming votes scheduled at this time.

Legislative Progress

House

Senate

President

Law

Unlikely to pass

Resolutions to overturn agency rules face a difficult path in a divided Congress and usually require the support of the sitting president to succeed.

Key Points

Rep. Meeks introduced a resolution to stop the Consumer Financial Protection Bureau from getting rid of a consumer safety rule. The rule in question helps prevent banks from reopening accounts that customers have already closed.
If the resolution passes, it would restore protections that stop banks from bringing zombie accounts back to life. Banks sometimes do this to process a late payment, which can lead to the customer being charged surprise overdraft or service fees.
This move affects millions of Americans who use bank accounts. It aims to ensure that when a person closes an account, it stays closed unless they specifically ask to open it again.
This action uses the Congressional Review Act, a tool that lets Congress strike down rules made by federal agencies. For this to become law, it must pass both the House and Senate and be signed by the president.

Impact Analysis

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Milestones

2 milestones2 actions

May 4, 2026House

Referred to the House Committee on Financial Services.

May 4, 2026

Introduced in House

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

Votes

No votes have been recorded for this legislation yet.

News

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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 "Consumer Financial Protection Circular 2023-02: Reopening Deposit Accounts That Consumers Previously Closed".

Bill NumberHJRES 173

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.