March 25, 2026
Mr. Schiff introduced the following joint resolution; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs
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
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That Congress disapproves 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 (79 Fed. Reg. 41631 (July 17, 2014))
(90 Fed. Reg. 20084 (May 12, 2025)), and such rule shall have no force or effect.