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 "Application of Regulation Z's Ability-To-Repay Rule to Certain Situations Involving Successors-In-Interest".
Bill Summary
Repeals a consumer protection rule that required lenders to ensure certain borrowers, specifically successors-in-interest, can afford loan payments. Overturns a decision to withdraw this rule.
Sponsored By
Bill Journey
- Apr 30, 2026
- Apr 30, 2026You Are Here
The committee will review the bill, debate amendments, and vote on whether to advance it to the full chamber.
- TBD
The full chamber debates the bill, may amend it, and votes on whether to pass it.
- TBD
If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.
- TBD
If passed by both chambers, the bill goes to the President to sign into law or veto.
Why It Matters
This bill affects successors-in-interest, such as heirs or estate administrators, who take over loan payments, and lenders who would no longer have to assess their ability to repay. It also impacts consumers who may face increased risk of unaffordable loans.
Impact Areas
Support & Opposition
- Democratic1
Documents
1
Full text opens on congress.gov, the official source.
Bill Details
- Economy
- Climate
- Retail
Summary and impact analysis written by Judy (KnowGov's enrichment AI). Bill metadata, status, sponsor, and any floor votes from Prism. Sections marked “Sample” are placeholders not yet connected to live data.