A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".
- Introduced Feb 13
- Committee Feb 13
- Passed Senate Mar 27
- Passed House Apr 9
- To President May 5
- Law May 9
Where it stands
Law since May 9, 2025Introduced Feb 13, 2025, law 85 days later
536d ago May 9, 2025: Became Public Law No: 119-10.
Final votes
House 217-211
Senate 52-48
3 roll calls on this bill
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Companies lobbying on this bill
4 companiesCompanies by sector
Financials 3Consumer & Retail 1
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Votes
House roll 96
On Passage
R 217-1 D 0-210
217-211
Passed
Senate roll 153
Passed Senate without amendment
Member positions n/a
52-48
Passed
Procedural votes1
Senate roll 152
Motion to proceed to consideration of measure
Member positions n/a
52-47
Agreed to
Member trades
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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.
Library of Congress summary, May 9, 2025
Summary versions
- Public LawMay 9, 2025
- Introduced in SenateFeb 13, 2025
Actions
- Signed by President.May 9, 2025
- Became Public Law No: 119-10.May 9, 2025
- HousePresented to President.May 5, 2025
- HouseMotion to reconsider laid on the table Agreed to without objection.Apr 9, 2025
- HouseOn passage Passed by the Yeas and Nays: 217 - 211 (Roll no. 96). (text: CR H1519)Apr 9, 2025
- HouseConsidered as unfinished business. (consideration: CR H1533)Apr 9, 2025
- HousePOSTPONED 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
- HouseThe previous question was ordered pursuant to the rule.Apr 9, 2025
- HouseDEBATE - The House proceeded with one hour of debate on S.J. Res. 18.Apr 9, 2025
- HouseRule 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
- HouseConsidered under the provisions of rule H. Res. 294. (consideration: CR H1519-1525)Apr 9, 2025
- HouseRules 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 7, 2025
All actions24
- HouseRules 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.Apr 1, 2025
- HouseHeld at the desk.Mar 31, 2025
- HouseReceived in the House.Mar 31, 2025
- SenateMessage on Senate action sent to the House.Mar 31, 2025
- SenateConsidered by Senate. (consideration: CR S1879, S1884)Mar 27, 2025
- SenatePassed Senate without amendment by Yea-Nay Vote. 52 - 48. Record Vote Number: 153. (text: CR S1884)Mar 27, 2025
- SenateSenate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).Mar 26, 2025
- SenatePlaced on Senate Legislative Calendar under General Orders. Calendar No. 34.Mar 26, 2025
- SenateMotion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 52 - 47. Record Vote Number: 152.Mar 26, 2025
- SenateMeasure laid before Senate by motion. (consideration: CR S1864)Mar 26, 2025
- SenateIntroduced in SenateFeb 13, 2025
- SenateRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.Feb 13, 2025
Bill record
Text versions5
- Public LawMay 10, 2025PDF: Public Law
- Engrossed in SenateMar 27, 2025PDF: Engrossed in Senate
- Placed on Calendar SenateMar 26, 2025PDF: Placed on Calendar Senate
- Introduced in SenateFeb 13, 2025PDF: Introduced in Senate
- Enrolled BillUndatedPDF: Enrolled Bill
Committees1
- Senate Banking, Housing, and Urban Affairs CommitteeDischarged From Mar 26, 2025Referred To, Feb 13, 2025
Sponsor and cosponsors16 cosponsors
- Sen. Tim Scott (R-SC)Sponsor, Feb 13, 2025
- Bernie Moreno (R-OH)OriginalJoined Feb 13, 2025
- Bill Hagerty (R-TN)OriginalJoined Feb 13, 2025
- Cynthia Lummis (R-WY)OriginalJoined Feb 13, 2025
- James Risch (R-ID)OriginalJoined Feb 13, 2025
- Jerry Moran (R-KS)OriginalJoined Feb 13, 2025
- John Boozman (R-AR)OriginalJoined Feb 13, 2025
- Katie Britt (R-AL)OriginalJoined Feb 13, 2025
- Kevin Cramer (R-ND)OriginalJoined Feb 13, 2025
- Mike Crapo (R-ID)OriginalJoined Feb 13, 2025
- Mike Rounds (R-SD)OriginalJoined Feb 13, 2025
- Pete Ricketts (R-NE)OriginalJoined Feb 13, 2025
- Roger Wicker (R-MS)OriginalJoined Feb 13, 2025
- Thomas Tillis (R-NC)OriginalJoined Feb 13, 2025
- Mike Lee (R-UT)Joined Feb 19, 2025
- Steve Daines (R-MT)Joined Mar 4, 2025
- John Thune (R-SD)Joined Mar 12, 2025
Amendments0
No amendments offered
Cost estimates and reports0
No cost estimate or committee report yet
Titles1
Official titles
- A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".Official Title as Introduced
Subjects7
Policy area
Legislative subjects
Administrative law and regulatory proceduresBank accounts, deposits, capitalBanking and financial institutions regulationCongressional oversightConsumer Financial Protection BureauUser charges and fees
Related bills3
- H.J.Res. 59 119th, Related bill, Identical bill, Public law contains the text Disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".
- H.Res. 282 119th, Related bill, Procedurally related Providing for consideration of the joint resolution (S.J. Res. 18) disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions''; providing for consideration of the joint resolution (S.J. Res. 28) disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to ''Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications''; providing for consideration of the bill (H.R. 1526) to amend title 28, United States Code, to limit the authority of district courts to provide injunctive relief, and for other purposes; providing for consideration of the bill (H.R. 22) to amend the National Voter Registration Act of 1993 to require proof of United States citizenship to register an individual to vote in elections for Federal office, and for other purposes; and for other purposes.
- H.Res. 294 119th, Related bill, Procedurally related Providing for consideration of the joint resolution (S.J. Res. 18) disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions"; providing for consideration of the joint resolution (S.J. Res. 28) disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications"; providing for consideration of the bill (H.R. 1526) to amend title 28, United States Code, to limit the authority of district courts to provide injunctive relief, and for other purposes; providing for consideration of the bill (H.R. 22) to amend the National Voter Registration Act of 1993 to require proof of United States citizenship to register an individual to vote in elections for Federal office, and for other purposes; and for other purposes.
Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 27, 2026.