Docket
119th Congress · SENATE JOINT RESOLUTIONENACTED

S.J.Res. 18 — A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".

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

Finance and financial sector
Introduced Feb 13, 2025
Last action May 9, 2025
Pipeline · Bill → Law
Step 1
Introduced
Feb 13, 2025
Step 2
Referred
Feb 13, 2025
Banking, Housing, and Urban Affairs
Step 3
Committee
Apr 7, 2025
Step 4
Senate
Mar 27, 2025
Passed Senate
Step 5
House floor
Apr 9, 2025
Passed House
Step 6
Resolve Changes
Step 7
Signed
May 9, 2025
SummaryCRS 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.

Provisions · 1 sectionsEnrolled
4 versions
Enrolled · 1 provisions
AI
Roll Call Votes · 3
HOUSEpassageApr 9, 2025

On Passage: S J RES 18 Disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to “Overdraft Lending: Very Large Financial Institutions”

S.J.Res. 18

Passed
SENATEpassageMar 27, 2025

On the Joint Resolution S.J.Res. 18

S.J.Res. 18

Joint Resolution Passed
SENATEproceduralMar 27, 2025

On the Motion to Proceed S.J.Res. 18

S.J.Res. 18

Motion to Proceed Agreed to
Timeline · 24 actions
May 9, 2025
Signed by President.
May 9, 2025
Became Public Law No: 119-10.
May 5, 2025
Presented to President.
Apr 9, 2025
Considered under the provisions of rule H. Res. 294.
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
DEBATE - The House proceeded with one hour of debate on S.J. Res. 18.
Apr 9, 2025
The previous question was ordered pursuant to the rule.
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
Considered as unfinished business.
Apr 9, 2025
On passage Passed by the Yeas and Nays: 217 - 211 (Roll no. 96).ROLL CALLpass
Apr 9, 2025
Motion to reconsider laid on the table Agreed to without objection.
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
Message on Senate action sent to the House.
Mar 31, 2025
Received in the House.
Mar 31, 2025
Held at the desk.
Mar 27, 2025
Considered by Senate.
Mar 27, 2025
Passed Senate without amendment by Yea-Nay Vote. 52 - 48. Record Vote Number: 153.ROLL CALLpass
Mar 26, 2025
Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).
Mar 26, 2025
Placed on Senate Legislative Calendar under General Orders. Calendar No. 34.
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
Measure laid before Senate by motion.
Feb 13, 2025
Introduced in Senate
Feb 13, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.