SJRES 149 United States Senate · 119th Congress

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 "Truth in Lending (Regulation Z); Consumer Protections for Home Sales Financed Under Contracts for Deed".

This joint resolution seeks to disapprove a Bureau of Consumer Financial Protection rule that would remove consumer protections for home sales financed under contracts for deed. If enacted, the bill would prevent the withdrawal of the existing Truth in Lending regulations that currently apply to these types of home financing arrangements. The measure directly affects the Bureau of Consumer Financial Protection and homeowners who rely on contracts for deed as a way to purchase property. By blocking the rule change, Congress would maintain the current regulatory framework governing these consumer financial transactions.
Bill status in committee 1 of 4 stages cleared
Introduction
Mar 2026
Committee Review
Floor Vote
President
Introduced Mar 26, 2026 Last action May 13, 2026
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Full legislative history

Actions timeline

Total actions
5
Key actions
1
Committee
2
Apr 27, 2026
Upper · Passed
Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).
upper
Mar 26, 2026
Committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
upper
Mar 26, 2026
Introduced
Introduced in Senate
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Charles E. Schumer
Charles E. Schumer
DDemocratic
NY
n/a