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US SJRes18
US SJRes18A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".
summary
Introduced
02/13/2025
02/13/2025
In Committee
02/13/2025
02/13/2025
Crossed Over
03/31/2025
03/31/2025
Passed
05/05/2025
05/05/2025
Dead
Signed/Enacted/Adopted
05/09/2025
05/09/2025
Introduced Session
119th Congress
Bill Summary
A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".
AI Summary
This joint resolution aims to disapprove a rule issued by the Bureau of Consumer Financial Protection (CFPB) concerning overdraft lending practices at very large financial institutions. The rule, published in the Federal Register on December 30, 2024, would be completely nullified by this resolution, meaning it would have no legal force or effect. By passing this resolution, Congress would block the CFPB's proposed regulations regarding how large banks handle overdraft fees and lending, effectively preventing the implementation of the new rule. The resolution represents a legislative mechanism for Congress to exercise its oversight and potentially overturn regulatory actions by federal agencies, in this case targeting specific consumer financial regulations related to overdraft practices at major financial institutions.
Committee Categories
Housing and Urban Affairs
Sponsors (17)
Tim Scott (R)*,
John Boozman (R),
Katie Boyd Britt (R),
Kevin Cramer (R),
Mike Crapo (R),
Steve Daines (R),
Bill Hagerty (R),
Mike Lee (R),
Cynthia Lummis (R),
Jerry Moran (R),
Bernie Moreno (R),
Pete Ricketts (R),
Jim Risch (R),
Mike Rounds (R),
John Thune (R),
Thom Tillis (R),
Roger Wicker (R),
Last Action
Became Public Law No: 119-10. (on 05/09/2025)
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/119th-congress/senate-joint-resolution/18/all-info |
| BillText | https://www.congress.gov/119/bills/sjres18/BILLS-119sjres18enr.pdf |
| BillText | https://www.congress.gov/119/bills/sjres18/BILLS-119sjres18es.pdf |
| BillText | https://www.congress.gov/119/bills/sjres18/BILLS-119sjres18pcs.pdf |
| BillText | https://www.congress.gov/119/bills/sjres18/BILLS-119sjres18is.pdf |
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