By using the Congressional Review Act (CRA), lawmakers are taking another approach to overturning the Biden-era Consumer Financial Protection Bureau (CFPB) rule prohibiting medical debt from being included on consumer credit reporting. The resolutions, S.J. Res. 36 in the senate and H.J. Res. 74 in the House, were introduced by Sen. Mike Rounds (R-S.D) and Rep. Ralph Norman (R-S.C.), would nullify the rule before it takes effect.
The Congressional Review Act allows Congress to overturn recent federal rules with a simple majority vote in both chambers and the president’s signature. This is happening in addition to a pause to the rule’s implementation until June 15 by a federal judge in Texas, unless Congress or the Courts overturn it first.
The CFPB finalized the rule in January 2025 and it aims to remove medical debt from credit reports, impacting millions of Americans. The rule takes away the use of factoring medical debt into lending decisions.
Lawmakers have until May 7 to use the Congressional Review Act’s fast-track process to repeal the rule. The CFPB’s medical debt rule would be permanently voided if Congress votes to overturn it and President Trump signs the resolution, but if the repeal fails, the rule would take effect following the court-imposed delay unless further legal action halts it.
Americollect will continue to follow the Congressional Review Act as well as any legal action against the CFPB rule.
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