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S.J.Res. 128 Senate Finance and Financial Sector

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 "Consumer Financial Protection Circular 2024-03: Unlawful and Unenforceable Contract Terms and Conditions".

Introduced
Mar 17, 2026
Sponsor
Sen. Cortez Masto, Catherine (D-NV)
View on Congress.gov

STAGE 5 OF 8 — SENATE FLOOR

Currently in the Senate. Last action: motion to proceed to consideration of measure rejected in senate by voice vote. (consideration: cr s2270-2271) on May 13, 2026.

  1. Senate Introduced in Senate Mar 17, 2026
  2. Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Mar 17, 2026
  3. Senate Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c). Apr 27, 2026
  4. Senate Placed on Senate Legislative Calendar under General Orders. Calendar No. 384. Apr 27, 2026
  5. Senate Motion to proceed to consideration of measure rejected in Senate by Voice Vote. (consideration: CR S2270-2271) May 13, 2026

Subjects

Administrative law and regulatory proceduresCongressional oversightConsumer Financial Protection BureauConsumer affairsContracts and agency

Committees

  • Banking, Housing, and Urban Affairs Committee
    • Discharged From , Apr 27, 2026
    • Referred To , Mar 17, 2026

Summary

This joint resolution reinstates the Consumer Financial Protection Bureau’s (CFPB’s) guidance on unlawful and unenforceable contract terms published in a June 2024 circular. The circular states that consumer financial service providers that include unlawful or unenforceable terms in contracts with consumers (such as a contract that contains an unlawful waiver of the consumer’s right to sue) may be in violation of the Consumer Financial Protection Act's ban on deceptive acts or practices.The CFPB withdrew this circular on May 12, 2025. This joint resolution disapproves of the rule that withdraws this circular.

Summary as of: Introduced in Senate

Bill Text

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Related Bills

  • 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 2024-03: Unlawful and Unenforceable Contract Terms and Conditions". (Identical bill)

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