119th Congress (2025–2027) · Senate joint resolution · Sponsor: Sen. Scott, Tim [R-SC]
A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".
| Item | Detail |
|---|---|
| Roll-call votes | 3 |
| Chamber | House and Senate |
| Latest vote | 2025-04-09: Passed |
| Latest action | 2025-05-09: Became Public Law No: 119-10. |
| Policy area | Finance and Financial Sector |
| Official record | Congress.gov |
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.
Subjects: Administrative law and regulatory procedures, Bank accounts, deposits, capital, Banking and financial institutions regulation, Congressional oversight, Consumer Financial Protection Bureau, User charges and fees
Every recorded vote on this bill, newest first, with a link to the official tally. Member-by-member positions are on each member’s profile.
| Date | Chamber | Question | Result | Yea | Nay | Not voting | Record |
|---|---|---|---|---|---|---|---|
| 2025-04-09 | House | Yea-and-Nay | Passed | 214 | 209 | 5 | Official tally |
| 2025-03-27 | Senate | On the Joint Resolution S. J. Res. 18 | Joint Resolution Passed (52-48) | 51 | 47 | 0 | Official tally |
| 2025-03-26 | Senate | On the Motion to Proceed S. J. Res. 18 | Motion to Proceed Agreed to (52-47) | 51 | 46 | 1 | Official tally |
SJRES18 in the 118th Congress (2023–2025): A joint resolution disapproving of the rule submitted by the Department of Homeland…
SJRES18 (A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".) was introduced in the 119th Congress (2025–2027) by Sen. Scott, Tim [R-SC].
On 2025-05-09: Became Public Law No: 119-10.
3 recorded votes in the 119th Congress. The most recent, on 2025-04-09, was "Yea-and-Nay": Passed.
No. Bill numbers restart each Congress. SJRES18 was also used in the 118th Congress for different legislation.