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 "Consumer Financial Protection Circular 2022-04: Insufficient Data Protection or Security for Sensitive Consumer Information".

This joint resolution seeks to formally disapprove a rule from the Bureau of Consumer Financial Protection that would have removed an earlier regulation about data security. The bill directly affects financial institutions by aiming to keep in place the 2022 requirement for stronger protection of sensitive consumer information. If passed, the rule attempting to withdraw the data security standards would have no legal effect, meaning the original data protection rules would remain active.