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 prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act.

Bill: 115-hjres-62
Sponsor: full_name: Rep. Graves, Tom [R-GA-14]
Introduced: 2017-02-03
Policy area: Finance and Financial Sector
Subjects: Administrative law and regulatory procedures

Bank accounts, deposits, capital

Congressional oversight

Consumer Financial Protection Bureau

Consumer credit
Latest action: action_date: 2017-02-03
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2017-02-03
action_desc: Introduced in House
text: <p>This joint resolution nullifies the rule finalized by the Consumer Financial Protection Bureau on November 22, 2016, relating to prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act. The rule establishes various consumer protections with respect to prepaid accounts.</p>

tv_txt: IA 115th CONGRESS 1st Session H. J. RES. 62 IN THE HOUSE OF REPRESENTATIVES February 3, 2017 Mr. Graves of Georgia (for himself, Mr. Loudermilk , and Mr. Huizenga ) submitted the following joint resolution; which was referred to the Committee on Financial Services 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 prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act.

That Congress disapproves the rule submitted by the Bureau of Consumer Financial Protection relating to prepaid accounts under the Electronic Fund Transfer Act ( 15 U.S.C. 1693 et seq.) and the Truth in Lending Act ( 15 U.S.C. 1601 et seq.) (81 Fed. Reg. 83934 (November 22, 2016)), and such rule shall have no force or effect.