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 "Fair Credit Reporting; Permissible Purposes for Furnishing, Using, and Obtaining Consumer Reports".

This joint resolution would use the Congressional Review Act to disapprove of the Consumer Financial Protection Bureau's decision to withdraw a 2022 advisory opinion on fair credit reporting. That advisory opinion provided guidance on permissible purposes for furnishing consumer reports under the Fair Credit Reporting Act. If enacted, this resolution would reinstate the 2022 guidance, which addressed the circumstances under which credit reporting agencies and other entities may obtain and use consumer reports. The resolution is currently in committee and has not yet been voted on by the full Senate. As a joint resolution under the Congressional Review Act, if passed by both chambers and signed by the President, it would have the force of law and would reverse the CFPB's withdrawal action.