119-sjres18

SJRES
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A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".

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Sponsor:
Sen. Scott, Tim [R-SC]
(R-SC)
Introduced:
Feb 13, 2025
Policy Area:
Finance and Financial Sector

Bill Statistics

30
Actions
16
Cosponsors
2
Summaries
7
Subjects
5
Text Versions
Yes
Full Text

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Latest Action

May 9, 2025
Became Public Law No: 119-10.

Summaries (2)

Public Law - May 9, 2025 49
<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>
Introduced in Senate - 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 (20 of 30)

Became Public Law No: 119-10.
Type: BecameLaw | Source: Library of Congress | Code: 36000
May 9, 2025
Signed by President.
Type: President | Source: Library of Congress | Code: E30000
May 9, 2025
Signed by President.
Type: BecameLaw | Source: Library of Congress | Code: 36000
May 9, 2025
Became Public Law No: 119-10.
Type: President | Source: Library of Congress | Code: E40000
May 9, 2025
Presented to President.
Type: Floor | Source: House floor actions | Code: E20000
May 5, 2025
Presented to President.
Type: President | Source: Library of Congress | Code: 28000
May 5, 2025
Motion to reconsider laid on the table Agreed to without objection.
Type: Floor | Source: House floor actions | Code: H38310
Apr 9, 2025
4:26 PM
On passage Passed by the Yeas and Nays: 217 - 211 (Roll no. 96). (text: CR H1519: 1)
Type: Floor | Source: House floor actions | Code: H37100
Apr 9, 2025
4:26 PM
Passed/agreed to in House: On passage Passed by the Yeas and Nays: 217 - 211 (Roll no. 96). (text: CR H1519: 1)
Type: Floor | Source: Library of Congress | Code: 8000
Apr 9, 2025
4:26 PM
Considered as unfinished business. (consideration: CR H1533: 1)
Type: Floor | Source: House floor actions | Code: H30000
Apr 9, 2025
4:20 PM
POSTPONED PROCEEDINGS - At the conclusion of debate on S.J. Res. 18, the Chair put the question on passage of the joint resolution and by voice vote, announced that the ayes had prevailed. Mr. Hill (AR) demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
Type: Floor | Source: House floor actions | Code: H8D000
Apr 9, 2025
2:11 PM
The previous question was ordered pursuant to the rule.
Type: Floor | Source: House floor actions | Code: H35000
Apr 9, 2025
2:10 PM
DEBATE - The House proceeded with one hour of debate on S.J. Res. 18.
Type: Floor | Source: House floor actions | Code: H8D000
Apr 9, 2025
1:08 PM
Rule provides for consideration of S.J. Res. 18, S.J. Res. 28, H.R. 1526 and H.R. 22. The resolution provides for consideration of H.R. 22, H.R. 1526, S.J. Res. 18, and S.J. Res. 28 under a closed rule. The resolution provides for one hour of debate on each measure and one motion to recommit on H.R. 22 and H.R. 1526, and one motion to commit on S.J. Res. 18 and S.J. Res. 28.
Type: Floor | Source: House floor actions | Code: H8D000
Apr 9, 2025
1:08 PM
Considered under the provisions of rule H. Res. 294. (consideration: CR H1519-1525)
Type: Floor | Source: House floor actions | Code: H30000
Apr 9, 2025
1:07 PM
Rules Committee Resolution H. Res. 294 Reported to House. Rule provides for consideration of S.J. Res. 18, S.J. Res. 28, H.R. 1526 and H.R. 22. The resolution provides for consideration of H.R. 22, H.R. 1526, S.J. Res. 18, and S.J. Res. 28 under a closed rule. The resolution provides for one hour of debate on each measure and one motion to recommit on H.R. 22 and H.R. 1526, and one motion to commit on S.J. Res. 18 and S.J. Res. 28.
Type: Floor | Source: House floor actions | Code: H1L210
Apr 7, 2025
7:20 PM
Rules Committee Resolution H. Res. 282 Reported to House. Rule provides for consideration of H.R. 22, H.R. 1526, S.J. Res. 18 and S.J. Res. 28. The resolution provides for consideration of H.R. 22, H.R. 1526, S.J. Res. 18, and S.J. Res. 28 under a closed rule. The resolution provides for one hour of debate on each measure and one motion to recommit on H.R. 22 and H.R. 1526, and one motion to commit on S.J. Res. 18 and S.J. Res. 28. The resolution also provides that H. Res. 23 and H. Res. 164 are laid on the table.
Type: Floor | Source: House floor actions | Code: H1L210
Apr 1, 2025
10:03 AM
Held at the desk.
Type: Floor | Source: House floor actions | Code: H15000
Mar 31, 2025
2:24 PM
Received in the House.
Type: Floor | Source: House floor actions | Code: H14000
Mar 31, 2025
2:15 PM
Message on Senate action sent to the House.
Type: Floor | Source: Senate
Mar 31, 2025
Showing latest 20 actions

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 (16)

Sen. Thune, John [R-SD]
(R-SD)
Mar 12, 2025
Sen. Daines, Steve [R-MT]
(R-MT)
Mar 4, 2025
Sen. Lee, Mike [R-UT]
(R-UT)
Feb 19, 2025
Sen. Boozman, John [R-AR]
(R-AR)
Feb 13, 2025
Sen. Britt, Katie Boyd [R-AL]
(R-AL)
Feb 13, 2025
Sen. Crapo, Mike [R-ID]
(R-ID)
Feb 13, 2025
Sen. Cramer, Kevin [R-ND]
(R-ND)
Feb 13, 2025
Sen. Hagerty, Bill [R-TN]
(R-TN)
Feb 13, 2025
Sen. Lummis, Cynthia M. [R-WY]
(R-WY)
Feb 13, 2025
Sen. Moran, Jerry [R-KS]
(R-KS)
Feb 13, 2025
Sen. Moreno, Bernie [R-OH]
(R-OH)
Feb 13, 2025
Sen. Risch, James E. [R-ID]
(R-ID)
Feb 13, 2025
Sen. Rounds, Mike [R-SD]
(R-SD)
Feb 13, 2025
Sen. Ricketts, Pete [R-NE]
(R-NE)
Feb 13, 2025
Sen. Tillis, Thomas [R-NC]
(R-NC)
Feb 13, 2025
Sen. Wicker, Roger F. [R-MS]
(R-MS)
Feb 13, 2025

Text Versions (5)

Enrolled Bill

Oct 26, 2025
PDF ↗ XML ↗

Public Law

May 10, 2025
PDF ↗

Engrossed in Senate

Mar 27, 2025
PDF ↗ XML ↗

Placed on Calendar Senate

Mar 26, 2025
PDF ↗ XML ↗

Introduced in Senate

Feb 13, 2025
PDF ↗ XML ↗

Full Bill Text

Length: 994 characters Version: Enrolled Bill Version Date: Oct 26, 2025 Last Updated: Nov 21, 2025 2:18 AM
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S.J. Res. 18 Enrolled Bill

(ENR) ]

S.J. Res.18

One Hundred Nineteenth Congress

of the

United States of America

AT THE FIRST SESSION

Begun and held at the City of Washington on Friday,
the third day of January, two thousand and twenty five

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.

Speaker of the House of Representatives.

Vice President of the United States and
President of the Senate.
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