What is the current status of SJRES 154?

SJRES 154 is currently: In Senate.

Who sponsored SJRES 154?

SJRES 154 was sponsored by Cory Booker (D), Sen.

Restores Credit Discrimination Protections for Current Borrowers

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 proceduresConsumer Financial Protection BureauConsumer creditSex, gender, sexual orientation discrimination

Why This Matters

This resolution undoes the Consumer Financial Protection Bureau's decision to drop its 2022 guidance on credit discrimination. That guidance says lenders cannot discriminate against borrowers who already have credit, so the resolution brings it back.

If a lender cuts your credit limit or closes your account, federal guidance would again say this can't be based on your race, sex, or age, and that you are owed an explanation.

Who this affects

Credit card holders · Current loan borrowers · Banks and lenders

What does this resolution do?

1Cancels the Consumer Financial Protection Bureau's withdrawal of its May 2022 guidance, putting that guidance back in effect for lenders.
2The restored guidance says the Equal Credit Opportunity Act covers people who already have loans or credit cards, not just people applying for new credit.
3Under it, lenders may not use race, sex, age, religion, national origin, or marital status when closing accounts, cutting credit limits, or worsening loan terms.
4Lenders would again be expected to give existing customers the reasons, or tell them how to get them, when they revoke credit or make terms worse.
5The Consumer Financial Protection Bureau could not issue a substantially similar withdrawal later unless Congress authorizes it.

Read full document

Last changed today · checked hourly

Restores Credit Discrimination Protections for Current Borrowers

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 proceduresConsumer Financial Protection BureauConsumer creditSex, gender, sexual orientation discrimination

Why This Matters

If a lender cuts your credit limit or closes your account, federal guidance would again say this can't be based on your race, sex, or age, and that you are owed an explanation.

Who this affects

Credit card holders · Current loan borrowers · Banks and lenders

What does this resolution do?

1Cancels the Consumer Financial Protection Bureau's withdrawal of its May 2022 guidance, putting that guidance back in effect for lenders.
2The restored guidance says the Equal Credit Opportunity Act covers people who already have loans or credit cards, not just people applying for new credit.
3Under it, lenders may not use race, sex, age, religion, national origin, or marital status when closing accounts, cutting credit limits, or worsening loan terms.
4Lenders would again be expected to give existing customers the reasons, or tell them how to get them, when they revoke credit or make terms worse.
5The Consumer Financial Protection Bureau could not issue a substantially similar withdrawal later unless Congress authorizes it.

Read full document

Last changed today · checked hourly