A joint resolution 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 2024-03: Unlawful and Unenforceable Contract Terms and Conditions".

5/27/2026, 2:28 PM

Summary of Bill SJRES 128

This joint resolution introduced in the 119th Congress as S.J. Res. 128 aims to provide for congressional disapproval of a rule submitted by the Bureau of Consumer Financial Protection regarding the withdrawal of the rule concerning "Consumer Financial Protection Circular 2024-03: Unlawful and Unenforceable Contract Terms and Conditions."

Congressional Summary of SJRES 128

This joint resolution reinstates the Consumer Financial Protection Bureau’s (CFPB’s) guidance on unlawful and unenforceable contract terms published in a June 2024 circular. The circular states that consumer financial service providers that include unlawful or unenforceable terms in contracts with consumers (such as a contract that contains an unlawful waiver of the consumer’s right to sue) may be in violation of the Consumer Financial Protection Act's ban on deceptive acts or practices.

The CFPB withdrew this circular on May 12, 2025. This joint resolution disapproves of the rule that withdraws this circular.

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Current Status of Bill SJRES 128

Bill SJRES 128 is currently in the status of Bill Introduced since March 17, 2026. Bill SJRES 128 was introduced during Congress 119 and was introduced to the Senate on March 17, 2026. Bill SJRES 128's most recent activity was Motion to proceed to consideration of measure rejected in Senate by Voice Vote. (consideration: CR S2270-2271) as of May 13, 2026

Bipartisan Support of Bill SJRES 128

Total Number of Sponsors

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Unaffiliated Sponsors

Total Number of Cosponsors

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Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill SJRES 128

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill SJRES 128

A joint resolution 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 2024-03: Unlawful and Unenforceable Contract Terms and Conditions".

Comments

Ana Zhu

948

10 days ago

So, like, I was reading about this whole thing with the SJRES Bill 128 and how it's all about disapproving this rule from the Bureau of Consumer Financial Protection. It's like, they're trying to withdraw this rule about "Consumer Financial Protection Circular 2024-03" and I'm just wondering, like, who really benefits from this? I mean, how does this affect regular folks like me? #confused 🤔