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Congress·In Committee·S.J.Res. 126

Debt Collection: Blocking Changes to Rules on Old Debts

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 "Fair Debt Collection Practices Act (Regulation F); Time-Barred Debt".

7 days ago·View on Congress.gov

Legislative Progress

Senate
House
President
Law

Key Points

  • This resolution aims to stop the Consumer Financial Protection Bureau (CFPB) from canceling rules that protect people from being sued over very old debts. These are known as "time-barred" debts because they have passed the legal time limit for a collector to take someone to court.
  • If passed, the CFPB's recent decision to withdraw these protections would be reversed. This would keep rules in place that prevent debt collectors from using aggressive tactics or misleading people into paying debts they can no longer be legally sued for.
  • This is important because many consumers do not realize that making a small payment on an old debt can sometimes "restart the clock," giving collectors a new chance to take them to court. The rules being defended help ensure people are informed about their rights regarding expired debts.
  • This action uses the Congressional Review Act, which allows Congress to cancel a federal agency's decision. If this resolution becomes law, the CFPB would be blocked from trying to remove these specific consumer protections again in the future.

Milestones

2 milestones2 actions
Mar 17, 2026Senate

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Mar 17, 2026

Introduced in Senate

Source Information

Document Type

Congressional Bill

Official Title

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 "Fair Debt Collection Practices Act (Regulation F); Time-Barred Debt".

Bill NumberSJRES 126
Congress119th Congress
ChamberSenate
Latest ActionRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsor

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