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 "Consumer Financial Protection Circular 2024-02: Deceptive Marketing Practices About the Speed or Cost of Sending a Remittance Transfer".
Unanimous approval: Congress holds authority under Article I to enact joint resolutions disapproving executive agency actions on remittance transfers, as they fall within the commerce power and necessary and proper clause, maintaining separ
Remittance Consumer Protection Enforcement Act
Honors Democratic priorities of strong consumer protections for immigrant and low-income remittance users against financial deception; honors Republican priorities of codifying rules into statute for clarity, limiting agency discretion, adding strict oversight, and sunset to cont…
Path: ~240 House votes: 190 D consumer advocates + 50 R fiscal hawks; ~65 Senate votes: 47 D + 18 R from commerce oversight caucus.
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