What is the current status of SJRES 132?

SJRES 132 is currently: In Senate.

Who sponsored SJRES 132?

SJRES 132 was sponsored by Jack Reed (D), Sen.

Restores Military Lending Checks on Lenders

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 BureauMilitary personnel and dependents

Why This Matters

This resolution reverses the Consumer Financial Protection Bureau's 2025 decision to drop its guidance on checking lenders for Military Lending Act violations. If enacted, it brings back the 2021 guidance saying the Bureau can examine banks and lenders for practices that break the military lending protections.

If you or your spouse serve on active duty, Consumer Financial Protection Bureau examiners could again check whether your lender follows military lending protections, such as the 36% rate cap.

Who this affects

Active-duty servicemembers · Military families · Payday and consumer lenders · Banks the Bureau supervises

What does this resolution do?

1Cancels the Consumer Financial Protection Bureau's May 2025 withdrawal of its 2021 guidance on examining lenders for Military Lending Act violations.
2Restores the Bureau's stated position that its examiners can check supervised lenders for illegal loans to active-duty troops and their families.
3The Military Lending Act already caps most consumer loans to active-duty servicemembers at a 36% annual rate; this resolution does not change that cap.
4Blocks the Bureau from issuing a substantially similar withdrawal later unless Congress passes a new law allowing it.
5Takes effect only if both the House and Senate pass it and the President signs it or Congress overrides a veto.

Read full document

Last changed today · checked hourly

Restores Military Lending Checks on Lenders

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 BureauMilitary personnel and dependents

Why This Matters

If you or your spouse serve on active duty, Consumer Financial Protection Bureau examiners could again check whether your lender follows military lending protections, such as the 36% rate cap.

Who this affects

Active-duty servicemembers · Military families · Payday and consumer lenders · Banks the Bureau supervises

What does this resolution do?

1Cancels the Consumer Financial Protection Bureau's May 2025 withdrawal of its 2021 guidance on examining lenders for Military Lending Act violations.
2Restores the Bureau's stated position that its examiners can check supervised lenders for illegal loans to active-duty troops and their families.
3The Military Lending Act already caps most consumer loans to active-duty servicemembers at a 36% annual rate; this resolution does not change that cap.
4Blocks the Bureau from issuing a substantially similar withdrawal later unless Congress passes a new law allowing it.
5Takes effect only if both the House and Senate pass it and the President signs it or Congress overrides a veto.

Read full document

Last changed today · checked hourly