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 2023-02: Reopening Deposit Accounts That Consumers Previously Closed".
Sponsored by Meeks, Gregory W. (Democrat-NY-5) · House · Introduced May 4, 2026
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Plain-English Summary (AI-assisted)
This bill would use a congressional disapproval process to block the Consumer Financial Protection Bureau (CFPB) from withdrawing guidance it issued in 2023 about reopening bank deposit accounts that customers had previously closed. Essentially, Congress would be preventing the CFPB from reversing its own rule on this topic.
Legislative Status Timeline
Introduced
May 4, 2026
In Committee
May 4, 2026
Passed House
Pending
Passed Senate
Pending
Presidential Action
Pending
Sponsor
Meeks, Gregory W.
Independent · NY-5
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