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 "Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders; Rescission".

This joint resolution proposes to use the Congressional Review Act to formally disapprove of a rule issued by the Bureau of Consumer Financial Protection (CFPB). The rule in question relates to the establishment or rescission of a registry for nonbank covered persons—such as payday lenders, mortgage companies, or debt collectors—who are subject to specific agency or court orders. By filing this resolution, Congress aims to prevent the rule from having any legal force or effect.

If enacted, the resolution would effectively cancel the CFPB's regulatory action and prevent the agency from issuing a substantially similar rule in the future without new authorization from Congress. For everyday citizens, this could impact how information regarding the legal compliance and history of nonbank financial institutions is tracked and made available to the public or regulators. Because this is a joint resolution, it would require approval by both the House and Senate and the signature of the President to become law.