POLISCOPE
Back to feed
FEDERALcongressional record

Senate Vote on Consumer Financial Protection Bureau Rule

Original title: 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...

May 13, 2026

Track this bill to get notified when it advances a stage. One tap to stop, anytime.

The Frame

What this does

The Senate's rejection of this motion means that the current CFPB rule regarding 'contracts for deed' remains in effect, maintaining existing federal oversight standards for these specific home financing arrangements.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Homebuyers using contracts for deed

These individuals are subject to the terms of their financing agreements, which are governed by the CFPB rules discussed.

Consumer Financial Protection Bureau

The agency's regulatory actions regarding mortgage lending are the subject of the congressional disapproval resolution.

What changed

Last recorded activity May 13, 2026.

What's next

Next step not available in the current record.

Summary

The Senate voted on a to S.J. Res. 149, a resolution intended to overturn a decision by the Consumer Financial Protection Bureau (CFPB) regarding 'contracts for deed' in home sales. The motion to proceed was rejected by the Senate.

Key Facts

  • The Senate voted on a motion to proceed to S.J. Res. 149.
  • The motion to proceed was rejected by the Senate.
  • S.J. Res. 149 sought to disapprove a rule submitted by the CFPB regarding the withdrawal of protections for 'contracts for deed' home sales.
  • Contracts for deed are described as home financing arrangements where the buyer assumes ownership obligations like taxes and repairs but does not receive the deed until the final payment is made.
  • Senator Schumer stated that approximately 200,000 New Yorkers are currently involved in contract for deed arrangements.

Frequently Asked Questions

What is a 'contract for deed'?
It is a home financing arrangement where the buyer takes on the obligations of homeownership, such as taxes and repairs, but does not receive the legal deed to the property until the full purchase price is paid.
Did the Senate pass the resolution to overturn the CFPB rule?
No. The Senate rejected the to the resolution, meaning the resolution did not move forward for a vote.

Why It Matters

The Senate's rejection of this motion means that the current CFPB rule regarding 'contracts for deed' remains in effect, maintaining existing federal oversight standards for these specific home financing arrangements.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Lobbying Activity

60 Plus Association

2026

TAXATION/INTERNAL REVENUE CODEENVIRONMENT/SUPERFUNDCOPYRIGHT/PATENT/TRADEMARKHEALTH ISSUES

Signed a coalition letter opposing any efforts to raise the corporate tax rate above the 21% level set in the 2017 Tax Cuts and Jobs Act (TCJA). Signed a coalition in support of the Family Business Legacy Act, H.R. 6329. This legislation creates parity in the tax code between the estate and gift taxes by allowing an estate tax deduction for contributions to 501(c)(4), (c)(5), and (c)(6) organizations. Signed a coalition letter urging opposition to proposals that would raise taxes on carried interest investment income.The letter is urging Congress to reject the misnamed Carried Interest Fairness Act, legislation recently reintroduced by Senators Tammy Baldwin, Elizabeth Warren, Bernie Sanders, and other progressive members of Congress. This legislation that would increase the tax rate on carried interest investment by 70%, from 23.8% to 40.8%. Signed a coalition letter in support of H.R.574 - ALIGN Act and highlight the 100% bonus depreciation provision's importance as the tax cut reauthorization efforts continue. Signed a coalition to support of repealing IRA's green new deal subsidies in reconciliation to pay for tax cuts. Signed a coalition letter regarding digital services taxes (DST) in an effort to stop Canadas imposition of a discriminatory digital services tax (DST) on U.S. firms and your efforts to include restrictions on the imposition of DSTs and other unfair digital policies in recently announced trade agreements-providing a model for future trade negotiations. Signed a coalition letter urging the President to index capital gains for inflation.

ILLINOIS ASSOCIATION OF SCHOOL BOARDS

$30,000

ENVIRONMENTAL LAW AND POLICY CENTER

Sponsors

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

CFPB Rule Oversight

The document highlights an ongoing legislative effort to use the Congressional Review Act to challenge specific CFPB regulatory withdrawals.

Connected Entities

organizationConsumer Financial Protection BureauThe federal agency whose rule regarding 'contracts for deed' is the subject of tMap →
personDonald TrumpReferenced by Senator Schumer regarding administration policy toward the CFPB.Map →
personChuck SchumerSenate Majority Leader who moved to proceed to the resolution.Map →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100
  • Significance65
    How much this matters to a regular citizen
  • Controversy75
    Intensity of disagreement among stakeholders
  • Entertainment20
    Compellingness for a non-policy-wonk reader
  • Buzz30
    Current news / social attention level

Publisher tools

Share or embed this record

POLISCOPE publisher tools

Share or embed this record