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 "Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders".

HJRES 201 is a joint resolution that would disapprove a rule issued by the Bureau of Consumer Financial Protection (CFPB) requiring nonbank financial companies to register with the CFPB if they are subject to certain agency or court orders. The rule, published in the Federal Register on July 8, 2024, aimed to create a registry for such entities. If enacted, this resolution would make the rule unenforceable, preventing nonbank companies from having to comply with the registration requirement. The bill directly affects nonbank financial institutions that would have been obligated to register under the disapproved rule.