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SJRES 18LawFinancesenate
A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".
Introduced Feb 13, 2025 by Sen. Tim Scott
IntroducedCommitteeFloorCongressLaw
Signed into law.
Latest action · May 9, 2025
Became Public Law No: 119-10.
What it does
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.
Summary by the Congressional Research Service.
Roll-call votes
On Passage
house · Apr 9, 2025
On the Joint Resolution S.J.Res. 18
senate · Mar 27, 2025
On the Motion to Proceed S.J.Res. 18
senate · Mar 27, 2025
History
- May 9, 2025Became Public Law No: 119-10.
- May 9, 2025Signed by President.
- May 5, 2025Presented to President.
- Apr 9, 2025Motion to reconsider laid on the table Agreed to without objection.
- Apr 9, 2025On passage Passed by the Yeas and Nays: 217 - 211 (Roll no. 96). (text: CR H1519)
- Apr 9, 2025Passed/agreed to in House: On passage Passed by the Yeas and Nays: 217 - 211 (Roll no. 96). (text: CR H1519: 1)
- Apr 9, 2025Considered as unfinished business. (consideration: CR H1533)
- Apr 9, 2025POSTPONED 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, 2025The previous question was ordered pursuant to the rule.
- Apr 9, 2025DEBATE - The House proceeded with one hour of debate on S.J. Res. 18.
- Apr 9, 2025Rule 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, 2025Considered under the provisions of rule H. Res. 294. (consideration: CR H1519-1525)
- Apr 7, 2025Rules 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, 2025Rules 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, 2025Held at the desk.
- Mar 31, 2025Received in the House.
- Mar 31, 2025Message on Senate action sent to the House.
- Mar 27, 2025Passed Senate without amendment by Yea-Nay Vote. 52 - 48. Record Vote Number: 153. (text: CR S1884)
- Mar 27, 2025Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 52 - 48. Record Vote Number: 153.
- Mar 27, 2025Considered by Senate. (consideration: CR S1879, S1884)
- Mar 26, 2025Measure laid before Senate by motion. (consideration: CR S1864)
- Mar 26, 2025Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 52 - 47. Record Vote Number: 152.
- Mar 26, 2025Placed on Senate Legislative Calendar under General Orders. Calendar No. 34.
- Mar 26, 2025Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).
- Feb 13, 2025Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Feb 13, 2025Introduced in Senate