What is the current status of SJRES 126?

SJRES 126 is currently: In Senate.

Who sponsored SJRES 126?

SJRES 126 was sponsored by Andy Kim (D), Sen.

Restores Guidance on Foreclosure Threats Over Expired Debts

IntroducedMarch 17, 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 creditDebt collection

Why This Matters

This resolution cancels the Consumer Financial Protection Bureau's 2025 withdrawal of its guidance on old debts. That restores the bureau's guidance that the federal ban on suing, or threatening to sue, over debts past the legal time limit also covers foreclosure on old mortgages.

If a collector contacts you about an old debt, such as a long-forgotten second mortgage, federal guidance would again say that threatening to foreclose after your state's deadline may violate federal debt collection law.

Who this affects

People with old unpaid debts · Homeowners with old second mortgages · Debt collectors

What does this resolution do?

1The 2023 Consumer Financial Protection Bureau guidance said this ban covers threats to foreclose on a home over a time-barred mortgage debt.
2Passing this resolution cancels the bureau's May 2025 decision to withdraw that guidance, so the 2023 guidance would be back in effect.
3Under the Congressional Review Act, the bureau could not withdraw the guidance again in substantially the same form without new approval from Congress.

Read full document

Last changed today · checked hourly

Restores Guidance on Foreclosure Threats Over Expired Debts

IntroducedMarch 17, 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 creditDebt collection

Why This Matters

Who this affects

People with old unpaid debts · Homeowners with old second mortgages · Debt collectors

What does this resolution do?

1The 2023 Consumer Financial Protection Bureau guidance said this ban covers threats to foreclose on a home over a time-barred mortgage debt.
2Passing this resolution cancels the bureau's May 2025 decision to withdraw that guidance, so the 2023 guidance would be back in effect.
3Under the Congressional Review Act, the bureau could not withdraw the guidance again in substantially the same form without new approval from Congress.

Read full document

Last changed today · checked hourly