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 "The Fair Credit Reporting Act's Limited Preemption of State Laws".

This bill proposes to reject a specific rule issued by the Bureau of Consumer Financial Protection regarding the Fair Credit Reporting Act. The rejected rule would have allowed states to enforce their own laws on credit reporting, which the bill argues limits state authority. By disapproving the rule, the legislation aims to prevent it from taking legal effect. This action directly impacts how credit reporting regulations are applied across different states.