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Restoring protections against deceptive marketing for international money transfers

This resolution stops the removal of rules that protect consumers from misleading ads about the speed and cost of sending money abroad. It ensures that financial companies remain accountable for providing honest information to their customers.
Key points
Prevents companies from lying about how fast international transfers arrive.
Ensures transparency regarding the actual costs of sending money overseas.
Maintains consumer protections against deceptive marketing practices in the remittance industry.
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Status:
Introduced
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Additional Information
Print number: 119_SJRES_131
Sponsor: Sen. Gallego, Ruben [D-AZ]
Process start date: 2026-03-18
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-flash-latest
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

A joint resolution 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 2024-02: Deceptive Marketing Practices About the Speed or Cost of Sending a Remittance Transfer".

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_SJRES_131.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2026-03-18.

What are the main provisions?

Key points include:

  • Prevents companies from lying about how fast international transfers arrive.
  • Ensures transparency regarding the actual costs of sending money overseas.
  • Maintains consumer protections against deceptive marketing practices in the remittance industry.
What is the specific legal status?

The current status is Introduced.

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 Sen. Gallego, Ruben [D-AZ].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-03-21.

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

Economy Courts and Law