SJRES 134 · 119th CongressIn Committeecongress.gov ↗
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 "Truth in Lending (Regulation Z); Use of Digital User Accounts to Access Buy Now, Pay Later Loans".
What this bill does
AI plain-language summaryThis joint resolution would express Congress's disapproval of an action taken by the Bureau of Consumer Financial Protection (also known as the CFPB) related to withdrawing a rule about "buy now, pay later" loans and how they are handled under truth-in-lending regulations involving digital user accounts. If passed, it would effectively block the bureau's decision to withdraw that rule. No official summary is available for this bill.
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