Sen. Whitehouse Moves to Block Federal Rule Limiting State Credit Reporting Laws
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 "Fair Credit Reporting Act; Preemption of State Laws".
This bill is currently in the early stages of the legislative process. It has been sent to the Senate Committee on Banking, Housing, and Urban Affairs for review. No further actions are scheduled at this time.
Legislative Progress
Key Points
- Sen. Whitehouse introduced a Congressional Review Act resolution to cancel a rule issued by the Consumer Financial Protection Bureau (CFPB) about when federal credit reporting law overrides state laws. The rule was published in May 2025.
From policy text
“Congress disapproves the rule submitted by the Bureau of Consumer Financial Protection relating to ``Fair Credit Reporting Act; Preemption of State Laws'' (90 Fed. Reg. 48710 (May 12, 2025)), and such rule shall have no force or effect.”
View in full text - If passed, the CFPB's preemption rule would be wiped out entirely and would have no legal authority. Under the Congressional Review Act, the agency would also be blocked from issuing a substantially similar rule in the future without new authorization from Congress.
- This fight is about whether states can pass their own credit reporting protections that go beyond federal law. The CFPB rule clarified when federal rules take priority over state laws, and canceling it could open the door for states to enforce stronger consumer protections around credit scores and credit report accuracy.
- The resolution was referred to the Senate Committee on Banking, Housing, and Urban Affairs. It faces an uphill path in the current Congress, but it signals a push to preserve state-level consumer protections in credit reporting.
From policy text
“read twice and referred to the Committee on Banking, Housing, and Urban Affairs”
View in full text
Impact Analysis
Personal Impact
Milestones
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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 "Fair Credit Reporting Act; Preemption of State Laws".
Data Sources
Sponsor
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