S.J.Res. 175 — 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 2022-02: Deceptive Representations Involving the FDIC's Name or Logo or Deposit Insurance".

S.J.Res. 175 — 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 2022-02: Deceptive Representations Involving the FDIC's Name or Logo or Deposit Insurance". | JustPolicyThe main purpose of this legislative text is to express Congress's disapproval of a decision made by the Bureau of Consumer Financial Protection (BCFP) to withdraw a specific consumer protection rule. This rule, known as "Consumer Financial Protection Circular 2022-02," was designed to prevent deceptive practices involving the use of the Federal Deposit Insurance Corporation's (FDIC) name, logo, or deposit insurance in a misleading way. The key provision of this resolution is that it formally disapproves the BCFP's action to withdraw the aforementioned rule.