S.J.Res. 177 — 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 "Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders; Rescission".

S.J.Res. 177 — 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 "Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders; Rescission". | JustPolicyThe main purpose of this legislative text is to allow Congress to disapprove a specific rule issued by the Bureau of Consumer Financial Protection (BCFP). This rule pertains to the registry of nonbank covered persons, which includes certain financial entities that are not banks but still provide financial services. The resolution aims to rescind the BCFP's decision to withdraw this registry, effectively reinstating the previous requirement for these entities to be listed. Key provisions of this resolution include the formal disapproval of the BCFP's rule that rescinded the registry.