What is the current status of SJRES 131?

SJRES 131 is currently: In Senate.

Who sponsored SJRES 131?

SJRES 131 was sponsored by Ruben Gallego (D), Sen.

Restores Warning Against Misleading Money Transfer Ads

IntroducedMarch 18, 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 affairsFraud offenses and financial crimes

Why This Matters

This resolution cancels the Consumer Financial Protection Bureau's decision to withdraw its 2024 guidance on deceptive money transfer ads, putting that guidance back in effect. The guidance warns companies that send money abroad that misleading claims about how fast or cheap their transfers are can break federal law.

If you send money to family in another country, companies advertising 'free' or 'instant' transfers would again be officially warned that hidden exchange-rate markups or slow delivery can count as deception.

Who this affects

Immigrants sending money home · International money transfer companies · Banks and payment apps

What does this resolution do?

1The 2024 guidance says calling a transfer 'free' can be deceptive if the company profits through a marked-up exchange rate, and calling it 'no fee' is deceptive if fees are charged.
2It also warns that calling transfers 'instant' or 'fast' can be deceptive when transfers actually take longer to arrive.
3The guidance does not create new law; it explains how the existing federal ban on deceptive practices applies to money transfer companies.
4Under the Congressional Review Act, the Consumer Financial Protection Bureau could not later withdraw the guidance again in substantially the same way unless Congress authorizes it.

Read full document

Last changed today · checked hourly

Restores Warning Against Misleading Money Transfer Ads

IntroducedMarch 18, 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 affairsFraud offenses and financial crimes

Why This Matters

Who this affects

Immigrants sending money home · International money transfer companies · Banks and payment apps

What does this resolution do?

1The 2024 guidance says calling a transfer 'free' can be deceptive if the company profits through a marked-up exchange rate, and calling it 'no fee' is deceptive if fees are charged.
2It also warns that calling transfers 'instant' or 'fast' can be deceptive when transfers actually take longer to arrive.
3The guidance does not create new law; it explains how the existing federal ban on deceptive practices applies to money transfer companies.
4Under the Congressional Review Act, the Consumer Financial Protection Bureau could not later withdraw the guidance again in substantially the same way unless Congress authorizes it.

Read full document

Last changed today · checked hourly