H.J.Res. 59

119th Congress

Reported

Disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".

Sponsored byRepublican:Rep. Hill, J. French [R-AR-2]AR· Introduced 13 February 2025
Open on Congress.gov

17

Cosponsors

8

Actions

0

Amendments

0

Committees

—

Since introduced

Introduced
Committee
Passed Chamber
Passed Both
Enacted
Step 1 of 0
Latest action

Placed on the Union Calendar, Calendar No. 16.

21 March 2025·1 year ago

Summary

Introduced in House · Updated 9 June 2025

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.

Timeline

8 actions

  1. Placed on the Union Calendar, Calendar No. 16.

    21 March 2025 · Calendars

  2. Reported by the Committee on Financial Services. H. Rept. 119-26.

    21 March 2025 · Committee

  3. Reported by the Committee on Financial Services. H. Rept. 119-26.

    21 March 2025 · Committee

  4. Committee Consideration and Mark-up Session Held

    5 March 2025 · Committee

  5. Ordered to be Reported by the Yeas and Nays: 30 - 19.

    5 March 2025 · Committee

  6. Referred to the House Committee on Financial Services.

    13 February 2025 · IntroReferral

  7. Introduced in House

    13 February 2025 · IntroReferral

  8. Introduced in House

    13 February 2025 · IntroReferral

Sponsorship

17 cosponsors

Sponsor

Republican:Rep. Hill, J. French [R-AR-2]AR

Cosponsors

  • Republican17100%

Classification

Policy area

Finance and Financial Sector

Legislative subjects

Administrative law and regulatory proceduresBank accounts, deposits, capitalBanking and financial institutions regulationCongressional oversightConsumer Financial Protection BureauUser charges and fees

Committees

Reports

Cosponsor momentum

Cumulative over time

Cosponsors grew from 14 on 13 February 2025 to 17 on 14 March 2025.

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