SJRES 18 United States Senate · 119th Congress

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

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.

Bill status signed all 5 stages cleared

Introduction

Feb 2025

Committee Review

Apr 2025

Senate Passage

Mar 2025

House Passage

Apr 2025

Signed into Law

May 2025

Introduced Feb 13, 2025 Signed May 9, 2025

Floor votes · Senate Mar 27, 2025 · House Apr 9, 2025

How they voted

52–48

Passed

Total votes 100

Mar 27, 2025

D Democratic45

45 Nay

100% Nay

I Independent2

2 Nay

100% Nay

R Republican53

52 Yea 1 Nay

98% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

May 9, 2025

Signed into law

Signed by President.

executive

Apr 9, 2025

Lower · Passed

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

lower

Apr 9, 2025

Lower · Passed

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

lower

Apr 7, 2025

Lower · Passed

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.

lower

Apr 1, 2025

Lower · Passed

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.

lower

Mar 27, 2025

Upper · Passed

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

upper

Mar 27, 2025

Upper · Passed

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

upper

Mar 26, 2025

Upper · Passed

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

upper

Feb 13, 2025

Committee

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

upper

Feb 13, 2025

Introduced

Introduced in Senate

upper

1 primary · 16 co-sponsors