119-hjres59

HJRES
✓ Complete Data

Disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".

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Introduced:
Feb 13, 2025
Policy Area:
Finance and Financial Sector

Bill Statistics

8
Actions
17
Cosponsors
1
Summaries
7
Subjects
2
Text Versions
Yes
Full Text

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Latest Action

Mar 21, 2025
Placed on the Union Calendar, Calendar No. 16.

Summaries (1)

Introduced in House - Feb 13, 2025 00
<p>This joint resolution nullifies the final rule issued by the Consumer Financial Protection Bureau titled <em>Overdraft Lending: Very Large Financial Institutions</em> and published on December 30, 2024. The rule revises provisions regarding charges for insufficient funds in a customer’s bank account (i.e., overdrafts) at very large financial institutions. Under&nbsp;the rule, these institutions must (1) cap overdraft charges at $5; (2) with justification, cap charges at a higher amount; or (3) handle overdrafts as credit and comply with applicable Truth in Lending Act disclosure requirements.</p>

Actions (8)

Placed on the Union Calendar, Calendar No. 16.
Type: Calendars | Source: House floor actions | Code: H12410
Mar 21, 2025
Reported by the Committee on Financial Services. H. Rept. 119-26.
Type: Committee | Source: House floor actions | Code: H12200
Mar 21, 2025
Reported by the Committee on Financial Services. H. Rept. 119-26.
Type: Committee | Source: Library of Congress | Code: 5000
Mar 21, 2025
Ordered to be Reported by the Yeas and Nays: 30 - 19.
Type: Committee | Source: House committee actions | Code: H19000
Mar 5, 2025
Committee Consideration and Mark-up Session Held
Type: Committee | Source: House committee actions | Code: H15001
Mar 5, 2025
Referred to the House Committee on Financial Services.
Type: IntroReferral | Source: House floor actions | Code: H11100
Feb 13, 2025
Introduced in House
Type: IntroReferral | Source: Library of Congress | Code: Intro-H
Feb 13, 2025
Introduced in House
Type: IntroReferral | Source: Library of Congress | Code: 1000
Feb 13, 2025

Subjects (7)

Administrative law and regulatory procedures Bank accounts, deposits, capital Banking and financial institutions regulation Congressional oversight Consumer Financial Protection Bureau Finance and Financial Sector (Policy Area) User charges and fees

Cosponsors (17)

Rep. Johnson, Dusty [R-SD-At Large]
(R-SD)
Mar 14, 2025
Rep. Ezell, Mike [R-MS-4]
(R-MS)
Feb 21, 2025
Rep. Loudermilk, Barry [R-GA-11]
(R-GA)
Feb 21, 2025
Rep. Williams, Roger [R-TX-25]
(R-TX)
Feb 13, 2025
Rep. Barr, Andy [R-KY-6]
(R-KY)
Feb 13, 2025
Rep. Wagner, Ann [R-MO-2]
(R-MO)
Feb 13, 2025
Rep. Timmons, William R. [R-SC-4]
(R-SC)
Feb 13, 2025
Rep. Salazar, Maria Elvira [R-FL-27]
(R-FL)
Feb 13, 2025
Rep. Ogles, Andrew [R-TN-5]
(R-TN)
Feb 13, 2025
Rep. Norman, Ralph [R-SC-5]
(R-SC)
Feb 13, 2025
Rep. Moore, Tim [R-NC-14]
(R-NC)
Feb 13, 2025
Rep. Meuser, Daniel [R-PA-9]
(R-PA)
Feb 13, 2025
Rep. Haridopolos, Mike [R-FL-8]
(R-FL)
Feb 13, 2025
Rep. Huizenga, Bill [R-MI-4]
(R-MI)
Feb 13, 2025
Rep. Grothman, Glenn [R-WI-6]
(R-WI)
Feb 13, 2025
Rep. Downing, Troy [R-MT-2]
(R-MT)
Feb 13, 2025
Rep. Donalds, Byron [R-FL-19]
(R-FL)
Feb 13, 2025

Text Versions (2)

Reported in House

Mar 21, 2025
PDF ↗ XML ↗

Introduced in House

Feb 13, 2025
PDF ↗ XML ↗

Full Bill Text

Length: 2,222 characters Version: Reported in House Version Date: Mar 21, 2025 Last Updated: Nov 15, 2025 2:21 AM
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.J. Res. 59 Reported in House

(RH) ]

<DOC>

Union Calendar No. 16
119th CONGRESS
1st Session
H. J. RES. 59

[Report No. 119-26]

Disapproving the rule submitted by the Bureau of Consumer Financial
Protection relating to ``Overdraft Lending: Very Large Financial
Institutions''.

_______________________________________________________________________

IN THE HOUSE OF REPRESENTATIVES

February 13, 2025

Mr. Hill of Arkansas (for himself, Mr. Meuser, Mr. Ogles, Mrs. Wagner,
Mr. Huizenga, Mr. Timmons, Mr. Moore of North Carolina, Mr.
Haridopolos, Mr. Barr, Mr. Williams of Texas, Mr. Donalds, Ms. Salazar,
Mr. Downing, Mr. Norman, and Mr. Grothman) submitted the following
joint resolution; which was referred to the Committee on Financial
Services

March 21, 2025

Additional sponsors: Mr. Ezell, Mr. Loudermilk, and Mr. Johnson of
South Dakota

March 21, 2025

Committed to the Committee of the Whole House on the State of the Union
and ordered to be printed

_______________________________________________________________________

JOINT RESOLUTION

Disapproving the rule submitted by the Bureau of Consumer Financial
Protection relating to ``Overdraft Lending: Very Large Financial
Institutions''.

Resolved by the Senate and House of Representatives of the United
States of America in Congress assembled, That Congress disapproves the
final rule submitted by the Bureau of Consumer Financial Protection
relating to ``Overdraft Lending: Very Large Financial Institutions''
(89 Fed. Reg. 106768 (December 30, 2024)), and such rule shall have no
force or effect.
Union Calendar No. 16

119th CONGRESS

1st Session

H. J. RES. 59

[Report No. 119-26]

_______________________________________________________________________

JOINT RESOLUTION

Disapproving the rule submitted by the Bureau of Consumer Financial
Protection relating to ``Overdraft Lending: Very Large Financial
Institutions''.

_______________________________________________________________________

March 21, 2025

Committed to the Committee of the Whole House on the State of the Union
and ordered to be printed
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