Congress moves to restore LGBTQ+ lending protections stripped by CFPB
S.J.Res. 166 — A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to "Equal Credit Opportunity (Regulation B); Discrimination on the Bases of Sexual Orientation and Gender Identity". · Filed by Elizabeth Warren (D-MA) · Introduced Apr 13, 2026 · Referred to committee
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What it does
This resolution blocks a CFPB rule that withdrew protections against credit discrimination based on sexual orientation and gender identity. By disapproving the withdrawal, Congress would restore the anti-discrimination rule, ensuring lenders cannot deny credit or charge higher rates based on sexual orientation or gender identity.
Why we flagged it
The bill uses the Congressional Review Act (CRA) disapproval mechanism to restore a consumer-protection rule that was withdrawn. Its core function is to reinstate anti-discrimination safeguards in lending, not to create new policy.
What the text implies
- If passed, this resolution would override a prior CFPB action, demonstrating congressional willingness to use CRA to reverse agency deregulation — a signal that may embolden future CRA disapprovals of other withdrawn rules.
- The resolution's success depends on Senate passage and presidential signature (or veto override), making it a test of political will on LGBTQ+ economic rights in a divided Congress.
Who it affects
Restoring the anti-discrimination rule protects LGBTQ+ borrowers from being denied credit or charged higher rates based on sexual orientation or gender identity. This expands access to fair lending and strengthens consumer protections for a historically vulnerable group.