H.J.Res. 171 is a joint resolution that seeks to disapprove a rule from the Bureau of Consumer Financial Protection (CFPB) regarding the withdrawal of a previous rule titled 'Bulletin 2022-06: Unfair Return.' This resolution is part of the congressional process to challenge or overturn regulations set by federal agencies.
Supporters of H.J.Res. 171 argue that reinstating the original rule is crucial for protecting consumers from unfair financial practices. They emphasize the importance of maintaining regulatory oversight to ensure fair treatment in financial transactions.
Critics of H.J.Res. 171 contend that disapproving the CFPB's withdrawal of the rule could hinder financial innovation and create unnecessary regulatory burdens on businesses. They argue that the original rule may not effectively address consumer protection and could lead to unintended consequences in the financial market.
The bill H.J.Res. 171 is related to the Bureau of Consumer Financial Protection, and there is no direct overlap between the bill's subject matter and the sponsor's top donor industries, which are Health Professionals and Retired individuals. The sponsor, Nikema Williams, received $120,000,000 from Health Professionals and $37,500,000 from Retired individuals. However, there is lobbying activity in the bill's policy area from various organizations, the highest being from Hogan Lovells, LLP OBO Zhongji Innolight Co., Ltd. with $350,000. Despite this, none of these organizations are directly linked to the sponsor's top donors. Therefore, the risk of a conflict of interest is low.
Organizations that lobbied on issues related to this bill's policy area.
| Client | Lobbying Firm | Amount |
|---|---|---|
| HOGAN LOVELLS, LLP OBO ZHONGJI INNOLIGHT CO., LTD. | MO STRATEGIES, INC. | $350,000 |
| RADIANCE TECHNOLOGIES, INC. | VENN STRATEGIES | $60,000 |
| MOLNLYCKE HEALTH CARE US, LLC | MOLNLYCKE HEALTH CARE US, LLC | $30,000 |
| CLARK STREET ASSOCIATES ON BEHALF OF MARVELL TECHNOLOGY, INC. | HOLLAND & KNIGHT LLP | $30,000 |
| IMPERIAL HEALTH | MCWILLIAMS GOVERNMENTAL AFFAIRS CONSULTANTS | $20,000 |
| WILLIAMS & LAKE, LLC | MCWILLIAMS GOVERNMENTAL AFFAIRS CONSULTANTS | $20,000 |
| KICKAPOO TRADITIONAL TRIBE OF TEXAS | MCWILLIAMS GOVERNMENTAL AFFAIRS CONSULTANTS | $20,000 |
| CITY OF KOTZEBUE, ALASKA | HOLLAND & HART LLP | $10,000 |
| SPACE GOVERNANCE INSTITUTE, INC. | SPACE GOVERNANCE INSTITUTE, INC. | undisclosed |
| MCKEES ROCKS COMMUNITY DEVELOPMENT CORPORATION | CRANMER CONSULTANTS | undisclosed |
| LYTEN, INC. | JHS CONSULTING, INC | undisclosed |
| SOCIETY OF INTERVENTIONAL RADIOLOGY | SOCIETY OF INTERVENTIONAL RADIOLOGY | undisclosed |
| PRESERVATION ACTION | PRESERVATION ACTION | undisclosed |
| GOLD PR LTD. (ON BEHALF OF OJSC "BAKAI BANK") | THROUGHLINE GLOBAL ADVISORS | undisclosed |
| WORKIVA INC. | LSN PARTNERS, LLC | undisclosed |
Source: Senate Lobbying Disclosure Act (LDA) filings, 2026
Top industries funding Nikema Williams, ranked by total contributions.
Source: OpenSecrets.org (Center for Responsive Politics)
