119th Congress
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".
- Introduced
- In committee
- Passed Senate
- Passed House
- To President
- Became law
- Sponsor
- Tim Scott(R-SC)
- Introduced
- Feb 13, 2025
- Policy area
- Finance and Financial Sector
- Committees
- Senate Committee on Banking, Housing, and Urban Affairs
- Official text
- Engrossed in Senate · Congress.gov page
Cosponsors (16)
Original cosponsors (13)
- Bernie Moreno (R-OH)
- Bill Hagerty (R-TN)
- Cynthia M. Lummis (R-WY)
- James E. Risch (R-ID)
- Jerry Moran (R-KS)
- John Boozman (R-AR)
- Katie Boyd Britt (R-AL)
- Kevin Cramer (R-ND)
- Mike Crapo (R-ID)
- Mike Rounds (R-SD)
- Pete Ricketts (R-NE)
- Roger F. Wicker (R-MS)
- Thom Tillis (R-NC)
Added later (3)
- Mike Lee (R-UT) · Feb 19, 2025
- Steve Daines (R-MT) · Mar 4, 2025
- John Thune (R-SD) · Mar 12, 2025
Summary
Summary by the Congressional Research Service· describes the “Public Law” version
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.
Roll-call votes
| Date | Vote | Result | Your members |
|---|---|---|---|
| Apr 9, 2025 House #96 | On Passage: Disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to “Overdraft Lending: Very Large Financial Institutions” | Passed | Set your home to see |
| Mar 27, 2025 Senate #153 | S.J.Res. 18 | Joint Resolution Passed | Set your home to see |
| Mar 26, 2025 Senate #152 | Motion to Proceed to S.J.Res. 18 | Motion to Proceed Agreed to | Set your home to see |
Actions
- May 9, 2025
Became Public Law No: 119-10. - May 9, 2025
Signed by President. - May 5, 2025 · House
Presented to President. - Apr 9, 2025 · House
Motion to reconsider laid on the table Agreed to without objection. - Apr 9, 2025 · House
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 · House
Considered as unfinished business. (consideration: CR H1533) - Apr 9, 2025 · House
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 · House
The previous question was ordered pursuant to the rule. - Apr 9, 2025 · House
DEBATE - The House proceeded with one hour of debate on S.J. Res. 18. - Apr 9, 2025 · 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 9, 2025 · House
Considered under the provisions of rule H. Res. 294. (consideration: CR H1519-1525) - Apr 7, 2025 · House
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 · House
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 · House
Held at the desk. - Mar 31, 2025 · House
Received in the House. - Mar 31, 2025 · Senate
Message on Senate action sent to the House. - Mar 27, 2025 · Senate
Passed Senate without amendment by Yea-Nay Vote. 52 - 48. Record Vote Number: 153. (text: CR S1884) - 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 · Senate
Considered by Senate. (consideration: CR S1879, S1884) - Mar 26, 2025 · Senate
Measure laid before Senate by motion. (consideration: CR S1864) - Mar 26, 2025 · Senate
Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 52 - 47. Record Vote Number: 152. - Mar 26, 2025 · Senate
Placed on Senate Legislative Calendar under General Orders. Calendar No. 34. - Mar 26, 2025 · Senate
Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c). - Feb 13, 2025 · Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. - Feb 13, 2025
Introduced in Senate