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 2022-04: Insufficient Data Protection or Security for Sensitive Consumer Information".
Bill Summary
Repeals a rule that allowed companies to avoid penalties for not protecting sensitive consumer information, requiring them to follow stronger data security standards. Requires the Bureau of Consumer Financial Protection to reinstate the original rule.
Sponsored By
Bill Journey
- May 7, 2026
- May 7, 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 companies that handle sensitive consumer information, requiring them to strengthen their data protection and security measures. It also impacts consumers whose personal and financial information is protected by these regulations, potentially reducing their risk of identity theft and financial fraud.
Impact Areas
Support & Opposition
- Democratic1
Documents
1
Full text opens on congress.gov, the official source.
Bill Details
- Economy
- 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.