US Congress · 119th Congress (2025-2026)

SJRES 18Law

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

Source of recordUS Congress · congress.govLast synced Jul 28, 2026

Chamber

Senate

Progress

Where this bill stands in the legislative process.

Introduced
Passed Senate
Passed House
To President
Became Law

Overview

This joint resolution aims to block a rule issued by the Consumer Financial Protection Bureau (CFPB) regarding overdraft lending practices at very large financial institutions. The CFPB rule established limits on overdraft fees, capping them at $5 or allowing higher fees with justification, and required these institutions to treat overdrafts as credit. This resolution seeks to overturn these provisions, effectively preventing the CFPB rule from taking effect.

Key provisions

Caps overdraft fees at $5 per transaction.
Allows very large financial institutions to justify higher overdraft fees.
Requires overdrafts to be treated as credit.
Mandates Truth in Lending Act disclosure requirements for overdrafts.

Who is affected

Very large financial institutions
Consumers who utilize overdraft services

Notable changes

Undermines the CFPB’s efforts to regulate overdraft fees.
Reinstates potentially higher overdraft fees than those proposed by the CFPB.

Bill text

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Feb 13, 2025XMLView source

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Legislative history

28 recorded actions · showing the most recent 12

Apr 9, 2025House

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, 2025House

Considered as unfinished business. (consideration: CR H1533)

Apr 9, 2025House

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, 2025House

The previous question was ordered pursuant to the rule.

Apr 9, 2025House

DEBATE - The House proceeded with one hour of debate on S.J. Res. 18.

Apr 9, 2025House

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, 2025House

Considered under the provisions of rule H. Res. 294. (consideration: CR H1519-1525)

May 5, 2025House

Presented to President.

May 5, 2025

Presented to President.

May 9, 2025

Signed by President.

May 9, 2025

Signed by President.

Votes

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Nay

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

Progress