Row 01 c/o HJRES/119/173
· ▲ 31 days
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“Real” · Article I
CONSTITUTIONAL
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 2023-02: Reopening Deposit Accounts That Consumers Previously Closed".
Sponsor:
Gregory W. Meeks, NY-05, D
Framers’ confidence: 0.75
Congress holds authority under Article I to enact joint resolutions disapproving executive agency actions within enumerated powers like commerce regulation, preserving separation of powers (Hamilton, Madison, Marshall).
“AI Consensus” · Bipartisan Draft
Would Pass
Consumer Closed Account Protection Act
Democratic priorities: Codifies CFPB consumer protections against predatory account reopenings that lead to fees and debt; Republican priorities: Sunsets agency overreach, adds GAO oversight, limits scope to commerce, and preserves state authority per federalism.
Funding: Offset from CFPB annual appropriatio
Not to exceed $3 million annually
Sunset 6y
Oversight: GAO, with annual report
3 citations
Path: ~250 House votes: 180 R federalists checking CFPB + 70 D consumer advocates; ~62 Senate votes: 48 R oversight caucus + 14 D moderates.
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