Official Summaries

This joint resolution nullifies the final rule issued by the Consumer Financial Protection Bureau titled Prohibition on Creditors and Consumer Reporting Agencies Concerning Medical Information (Regulation V) and published on January 14, 2025. This rule prohibits the inclusion of medical debt on credit reports and prohibits creditors from considering medical debt when making credit eligibility determinations. 

Current Full Text

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S.J. Res. 36 Introduced in Senate (IS)]

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119th CONGRESS
  1st Session
S. J. RES. 36

  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 ``Prohibition on Creditors and 
Consumer Reporting Agencies Concerning Medical Information (Regulation 
                                 V)''.


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                   IN THE SENATE OF THE UNITED STATES

               March 11 (legislative day, March 10), 2025

Mr. Rounds (for himself, Mr. Scott of South Carolina, Mr. Hagerty, Mr. 
Crapo, and Ms. Lummis) 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 ``Prohibition on Creditors and 
Consumer Reporting Agencies Concerning Medical Information (Regulation 
                                 V)''.

    Resolved by the Senate and House of Representatives of the United 
States of America in Congress assembled, That Congress disapproves the 
rule submitted by the Bureau of Consumer Financial Protection relating 
to ``Prohibition on Creditors and Consumer Reporting Agencies 
Concerning Medical Information (Regulation V)'' (90 Fed. Reg. 3276 
(January 14, 2025)), and such rule shall have no force or effect.
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