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

Bill: 115-sjres-19
Sponsor: full_name: Sen. Perdue, David [R-GA]
Introduced: 2017-02-01
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: 2017-03-30
text: Placed on Senate Legislative Calendar under General Orders. Calendar No. 28.

Summaries:
action_date: 2017-02-01
action_desc: Introduced in Senate
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: IIA 115th CONGRESS 1st Session S. J. RES. 19 IN THE SENATE OF THE UNITED STATES February 1, 2017 Mr. Perdue (for himself, Mr. Cotton , Mr. Isakson , Mr. Johnson , Mr. Lankford , Mr. Lee , and Mr. Rounds ) introduced the following joint resolution; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs 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.

tv_txt: IIA Calendar No. 28 115th CONGRESS 1st Session S. J. RES. 19 IN THE SENATE OF THE UNITED STATES February 1, 2017 Mr. Perdue (for himself, Mr. Cotton , Mr. Isakson , Mr. Johnson , Mr. Lankford , Mr. Lee , Mr. Rounds , Mr. Enzi , Mr. Kennedy , Mr. Flake , Mr. McCain , and Mr. Cruz ) introduced the following joint resolution; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs March 30, 2017 Committee discharged, by petition, pursuant to 5 U.S.C. 802(c) , and placed on the calendar 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.

March 30, 2017 Committee discharged, by petition, pursuant to 5 U.S.C. 802(c) , and placed on the calendar