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BillSJRES 140 · 119

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 "Fair Credit Reporting; Name-Only Matching Procedures".

Introduced
Mar 19, 2026
Cosponsors
0
Traction
0
Last Action
May 13, 2026

Bill Summary

Repeals a rule from the Bureau of Consumer Financial Protection that had withdrawn certain 'name-only matching procedures' for fair credit reporting. This essentially reinstates the withdrawn procedures.

Sponsored By

Raphael G. Warnock
Democrat · Georgia · Senate

Bill Journey

  1. Mar 19, 2026
  4. May 13, 2026You Are Here

    The full chamber debates the bill, may amend it, and votes on whether to pass it.

  5. TBD

    If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.

  6. TBD

    If passed by both chambers, the bill goes to the President to sign into law or veto.

Why It Matters

This bill affects consumers and financial institutions by potentially changing how credit reports are matched and verified, and it could impact the accuracy of credit reports for individuals with common names. Financial institutions may need to adjust their credit reporting procedures if the rule is repealed.

Impact Areas

Sample
Addresses Supply
Targets an underlying shortage driving costs.
Supports Families
Aimed at easing pressure on working households.
Long-term Impact
Effects compound across multiple budget cycles.
Expands Access
Lowers barriers for first-time participants.

Support & Opposition

Sponsor & cosponsor support by party
1backer
  • Democratic1
Cross-party cosponsors0 · 0%

Documents

1

Full text opens on congress.gov, the official source.

Bill Details

Bill TypeSenate Bill · Federal
Primary TopicMoney & Economy
CommitteeSenate Committee (sample)Sample
IntroducedMar 19, 2026
Last UpdatedMay 13, 2026
Latest ActionMotion to proceed to consideration of measure rejected in Senate by Voice Vote. (consideration: CR S2267)
Subjects
  • 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.