S.J.Res. 144 — 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 "Fair Credit Reporting Act; Preemption of State Laws".

S.J.Res. 144 — 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 "Fair Credit Reporting Act; Preemption of State Laws". | JustPolicyThe main purpose of this legislative text is to allow Congress to disapprove a specific rule put forth by the Bureau of Consumer Financial Protection (BCFP). This rule relates to the Fair Credit Reporting Act and addresses how state laws interact with federal regulations regarding credit reporting. The key provision of this resolution is that it formally states Congress's disapproval of the BCFP rule, which is intended to preempt certain state laws concerning credit reporting. By disapproving this rule, Congress is asserting that the rule should not be enforced and will have no legal effect.