What is the current status of SJRES 156?

SJRES 156 is currently: In Senate.

Who sponsored SJRES 156?

SJRES 156 was sponsored by Jeff Merkley (D), Sen.

IntroducedMarch 26, 2026

In Senate5 months ago

Intro

Senate

House

Pres

The House voted against taking this up.

It stays where it is unless leadership tries again.

Finance and Financial SectorAdministrative law and regulatory proceduresCongressional oversightConsumer Financial Protection BureauConsumer credit

Why This Matters

This resolution nullifies a rule that defined certain earned wage products as not involving credit, allowing them to be treated as credit again.

If you use earned wage access products, this resolution could lead to higher fees and stricter repayment terms.

Who this affects

workers · earned wage access users

What does this resolution do?

1This resolution removes the Consumer Financial Protection Bureau's advisory opinion that defined certain earned wage products as not being credit.
2By disapproving this rule, companies can again classify these products as credit under federal law.
3This change may lead to increased fees and interest rates for consumers using earned wage products.
4Borrowers may face stricter terms and conditions when accessing these financial products.
5The resolution could impact how companies market and provide earned wage access to workers.

Last changed 5 months ago · checked hourly