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Disapproval of Nonbank Financial Company Registry

This document is a Congressional proposal to block a new rule that would require certain nonbank financial companies to register with the consumer protection agency. If Congress approves this, the rule will not take effect, meaning these companies will not have to disclose information about certain court and agency orders. For citizens, this means that access to information about these companies' legal issues may be limited.
Key points
Congress seeks to disapprove a rule establishing a registry for nonbank financial companies subject to certain agency and court orders.
If approved, these companies will not be required to disclose information about their legal issues, potentially impacting financial market transparency.
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Status:
Expired
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Additional Information
Print number: 118_HJRES_201
Sponsor: Rep. Ogles, Andrew [R-TN-5]
Process start date: 2024-08-30
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

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".

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HJRES_201.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-08-30.

What are the main provisions?

Key points include:

  • Congress seeks to disapprove a rule establishing a registry for nonbank financial companies subject to certain agency and court orders.
  • If approved, these companies will not be required to disclose information about their legal issues, potentially impacting financial market transparency.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Ogles, Andrew [R-TN-5].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Courts and Law Economy