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Read. Follow. Verify.S.J. Res. 131: Congressional Disapproval of CFPB Rule on Remittance Marketing
Last action · May 13, 2026: Motion to proceed to consideration of measure rejected in Senate by Voice Vote. (consideration: CR S2269-2270)Sponsor: Ruben Gallego
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What This Bill Would Do
This resolution seeks to overturn a recent action by the Bureau of Consumer Financial Protection (CFPB) that withdrew a previous circular regarding deceptive marketing practices for s. If passed, the CFPB's withdrawal of the circular would be nullified, effectively reinstating the original guidance on how companies must disclose the speed and cost of sending money abroad.
This resolution determines whether the CFPB can maintain its withdrawal of guidance that previously restricted how financial companies market the speed and cost of international money transfers, directly impacting the transparency requirements for remittance service providers.
Who It Would Affect
Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.
Remittance service providers
These companies must comply with CFPB marketing guidance regarding the disclosure of transfer speeds and costs.
Bureau of Consumer Financial Protection
The agency's regulatory action is being challenged and potentially nullified by Congress.
Key Facts
- S.J. Res. 131 formally disapproves of the CFPB rule regarding the withdrawal of 'Consumer Financial Protection Circular 2024-02'.
- If enacted, the CFPB's withdrawal of the circular will have no force or effect.
- The rule being challenged was published in the Federal Register at 90 Fed. Reg. 20084 on May 12, 2025.
- The original circular being discussed, 'Consumer Financial Protection Circular 2024-02', was published at 89 Fed. Reg. 27357 on April 17, 2024.
Show all 6 facts
- The resolution was introduced in the Senate on March 18, 2026.
- The resolution is currently referred to the Senate Committee on Banking, Housing, and Urban Affairs.
Frequently Asked Questions
What does this resolution actually do?
What is a remittance transfer?
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News Coverage
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Votes, people, money & the original sourceWhere This Stands
Currently on floor. The next step in the legislative lifecycle is Passed.
Procedural history
5 actions- May 13, 2026SenateMotion to proceed to consideration of measure rejected in Senate by Voice Vote. (consideration: CR S2269-2270)
- Apr 27, 2026SenatePlaced on Senate Legislative Calendar under General Orders. Calendar No. 387.
- Apr 27, 2026SenateSenate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).
- Mar 18, 2026SenateCommitteeRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Mar 18, 2026SenateIntroducedIntroduced in Senate
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Regulatory Reversal
The resolution highlights a cycle of regulatory action where the CFPB withdrew guidance, and Congress is now attempting to force the reinstatement of that guidance.
Connected Entities
Sources
www.congress.gov
Analysis Score
0–100- Significance20Lowered because this bill did not pass (its text scored 60)
- Controversy50Intensity of disagreement among stakeholders
- Entertainment10Compellingness for a non-policy-wonk reader
- Buzz20Current news / social attention level
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