Congress 119 - SJRES 18 - 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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Topics

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

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Summary

This joint resolution nullifies the final rule issued by the Consumer Financial Protection Bureau titled Overdraft Lending: Very Large Financial Institutions 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 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.

Actions

May 9, 2025

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

Signed by President.
May 5, 2025

Presented to President.
Apr 9, 2025

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.
Apr 9, 2025

Considered under the provisions of rule H. Res. 294. (consideration: CR H1519-1525)
Apr 9, 2025

Motion to reconsider laid on the table Agreed to without objection.
Apr 9, 2025

On passage Passed by the Yeas and Nays: 217 - 211 (Roll no. 96). (text: CR H1519)
Apr 9, 2025

Passed/agreed to in House: On passage Passed by the Yeas and Nays: 217 - 211 (Roll no. 96). (text: CR H1519: 1)
Apr 9, 2025

Considered as unfinished business. (consideration: CR H1533)
Apr 9, 2025

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.
Apr 9, 2025

The previous question was ordered pursuant to the rule.
Apr 9, 2025

DEBATE - The House proceeded with one hour of debate on S.J. Res. 18.
Apr 9, 2025

On passage Passed by the Yeas and Nays: 217 - 211 (Roll no. 96). (text: CR H1519: 1)
Apr 9, 2025

Considered as unfinished business. (consideration: CR H1533: 1)
Apr 7, 2025

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.
Apr 1, 2025

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.
Mar 31, 2025

Held at the desk.
Mar 31, 2025

Received in the House.
Mar 31, 2025

Message on Senate action sent to the House.
Mar 27, 2025

Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 52 - 48. Record Vote Number: 153.
Mar 27, 2025

Considered by Senate. (consideration: CR S1879, S1884)
Mar 27, 2025

Passed Senate without amendment by Yea-Nay Vote. 52 - 48. Record Vote Number: 153. (text: CR S1884)
Mar 26, 2025

Measure laid before Senate by motion. (consideration: CR S1864)
Mar 26, 2025

Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 52 - 47. Record Vote Number: 152.
Mar 26, 2025

Placed on Senate Legislative Calendar under General Orders. Calendar No. 34.
Mar 26, 2025

Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).
Feb 13, 2025

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Feb 13, 2025

Introduced in Senate

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