A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the National Credit Union Administration relating to "Withdrawal of Fee Reporting Requirements".
This bill is currently in the early stages of the legislative process and has been sent to the Senate Committee on Banking, Housing, and Urban Affairs for review. No further actions are scheduled at this time, and the bill is not currently moving forward. There is no companion bill listed for this resolution.
Legislative Progress
Senate
House
President
Law
Key Points
This resolution aims to cancel a decision made by the National Credit Union Administration (NCUA). That decision allowed credit unions to stop telling the government about the various fees they charge their members, such as overdraft or late fees.
If passed, credit unions would be required to go back to reporting these fees. This affects millions of Americans who use credit unions, as it makes it easier for the government to track how much people are being charged for basic banking services.
Supporters like Warren argue that without these reports, it is harder to spot 'junk fees' or unfair pricing. They believe transparency helps keep costs down for consumers and allows regulators to see if certain groups are being treated unfairly.
This action uses a special law called the Congressional Review Act. If both the House and Senate pass this and it becomes law, the agency's rule is wiped out, and they are forbidden from making a similar rule in the future without permission from Congress.
Milestones
2 milestones2 actions
Mar 24, 2026Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 24, 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 National Credit Union Administration relating to "Withdrawal of Fee Reporting Requirements".
Bill NumberSJRES 142
Congress119th Congress
ChamberSenate
Latest ActionRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.
