What is the current status of SJRES 127?

SJRES 127 is currently: In Senate.

Who sponsored SJRES 127?

SJRES 127 was sponsored by Andy Kim (D), Sen.

IntroducedMarch 17, 2026

In Senate4 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 requires consumer reporting agencies to follow strict accuracy standards when preparing credit reports.

If you rely on credit reports, this resolution removes protections that ensure your credit information is accurate and up-to-date.

Who this affects

consumers · credit report users

What does this resolution do?

1This resolution stops the enforcement of rules that ensure consumer reporting agencies provide accurate credit information.
2Without these standards, agencies may report incorrect or outdated information, negatively impacting consumers' credit scores.
3The disapproval allows consumer reporting agencies to use less rigorous procedures when preparing credit reports.
4Consumers may face increased difficulty in obtaining loans or credit due to inaccuracies in their reports.
5This resolution affects anyone who relies on credit reports for loans, employment, or housing applications.

Last changed 4 months ago · checked hourly