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Congressional Daily Record
This section captures a floor statement or debate entry. It mentions legislation such as 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 "Examinations for Risks to Active-Duty Servicemembers and Their Covered Dependents"., members such as John F. Reed.
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May 13, 2026
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Download official Senate Record PDFReturn to issue contextPROVIDING FOR CONGRESSIONAL DISAPPROVAL UNDER CHAPTER 8 OF TITLE 5,
FINANCIAL PROTECTION RELATING TO THE WITHDRAWAL OF THE RULE RELATING TO
“EXAMINATIONS FOR RISKS TO ACTIVE-DUTY SERVICEMEMBERS AND THEIR
COVERED DEPENDENTS”—Motion to Proceed
The PRESIDING OFFICER. The clerk will report the motion.
The bill clerk read as follows:
Motion to proceed to Calendar No. 388, S.J. Res. 132,
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 “Examinations for Risks
to Active-Duty Servicemembers and Their Covered Dependents”.
The PRESIDING OFFICER. There will be 2 minutes for debate.
Mr. REED. Madam President, it is not enough that President Trump has injected chaos and inflation into the economy with his illegal tariffs, unauthorized war, and his so-called Big Beautiful Bill. He is also stripping protections for average Americans against being defrauded and scammed out of their money.
Director of Consumer Financial Protection Bureau or the CFPB, Trump is dismantling the Military Lending Act or MLA. He has fired the CFPB staff responsible for enforcing this law, dismissing active cases against lenders for defrauding and scamming the troops, and refusing to supervise financial companies to make sure they comply with the Military Lending Act.
consent. I strongly support this law because as a former military officer, I have seen how servicemembers have had their lives and careers ruined by predatory lending.
fashion—completely bipartisan—by giving the CFPB powerful supervision and enforcement authority.
Since then, the CFPB has returned $360 million to servicemembers and veterans. They have won major cases for violations of the MLA, and as result, corrected the behavior of many predatory lenders.
But Mr. Vought is unilaterally defanging this Agency—taking it apart. Besides removing staff, he has issued guidance stripping the Agency of its authority to supervise nonbank lenders for compliance with the MLA.
Who are these nonbank lenders? These are the payday lenders who set up shop outside military bases and target young servicemembers with loans
Mr. Vought wants to give these lenders free rein to go after servicemembers to take away their well-earned compensation, and in many cases—I have seen it personally—to put them in a financial spiral that pushes them out of the service and into a very, very difficult and challenging life.
strong bipartisan vote to rescind Mr. Vought's guidance and protect our servicemembers.
have to get the support they need, and frankly, they don't get it.
It is an easy choice: the troops or Russell Vought's attempt to
suppress these troops who are serving us.
And I would urge passage of this proposal.
I ask for the yeas and nays.
Vote on Motion to Proceed
The PRESIDING OFFICER. Is there a sufficient second?
There appears to be a sufficient second.
The question is on agreeing to the motion to proceed.
The clerk will call the roll.
The bill clerk called the roll.
The result was announced—yeas 48, nays 52, as follows:
Rollcall Vote No. 121 Leg.
YEAS—48
Alsobrooks
Baldwin
Bennet
Blumenthal
Blunt Rochester
Booker
Cantwell
Collins
Coons
Cortez Masto
Duckworth
Durbin
Fetterman
Gallego
Gillibrand
Hassan
Heinrich
Hickenlooper
Hirono
Kaine
Kelly
Kim
King
Klobuchar
Lujan
Markey
Merkley
Murphy
Murray
Ossoff
Padilla
Peters
Reed
Rosen
Sanders
Schatz
Schiff
Schumer
Shaheen
Slotkin
Smith
Van Hollen
Warner
Warnock
Warren
Welch
Whitehouse
Wyden
NAYS—52
Armstrong
Banks
Barrasso
Blackburn
Boozman
Britt
Budd
Capito
Cassidy
Cornyn
Cotton
Cramer
Crapo
Cruz
Curtis
Daines
Ernst
Fischer
Graham
Grassley
Hagerty
Hawley
Hoeven
Husted
Hyde-Smith
Johnson
Justice
Kennedy
Lankford
Lee
Lummis
Marshall
McConnell
McCormick
Moody
Moran
Moreno
Murkowski
Paul
Ricketts
Risch
Rounds
Schmitt
Scott (FL)
Scott (SC)
Sheehy
Sullivan
Thune
Tillis
Tuberville
Wicker
Young
The motion was rejected.
The PRESIDING OFFICER (Mr. Schmitt). The Senator from Georgia.