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 "Fair Credit Reporting; Permissible Purposes for Furnishing, Using, and Obtaining Consumer Reports".

This bill proposes to reject a specific rule issued by the Bureau of Consumer Financial Protection that would have removed previous restrictions on how consumer reports are used. If passed, the measure would prevent the bureau from withdrawing the older regulations that limit permissible purposes for furnishing, using, and obtaining consumer reports. The primary effect is to maintain the existing legal framework governing fair credit reporting rather than allowing the new changes to take effect. This action directly impacts financial institutions and other entities that rely on consumer credit data for their operations.