House joint resolution · H.J.Res. 59 (119th Congress)

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

U.S. House of Representatives

Latest action Mar 21, 2025

Sponsor: J. French Hill (U.S. Representative, AR-2, Republican)

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From Congress.gov and official rosters. This record was last updated Sep 23, 2026. About our data

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.

Summary from the Congressional Research Service. How we handle summaries

Where it stands

Out of committee and scheduled for a vote by the full chamber.

Introduced
In committee
Up for a vote
Passed one chamber
Passed
Enacted

Committee

House Committee on Financial Services · U.S. House of Representatives

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Cosponsors

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Republican15

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S.J.Res. 18A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".Identical bill, related bill, contained in public law

As identified by Congress.gov.

Full history

Mar 21, 2025
Introduced
Placed on the Union Calendar, Calendar No. 16.
U.S. House
Mar 21, 2025
Placed on the Union Calendar, Calendar No. 16.
Mar 21, 2025
Placed on the Union Calendar, Calendar No. 16.
Mar 21, 2025
Reported out of committee
Reported by the Committee on Financial Services. H. Rept. 119-26.
Mar 21, 2025
Reported out of committee
Reported by the Committee on Financial Services. H. Rept. 119-26.

Show full history (7 earlier events)

Mar 5, 2025
Committee vote
Committee Consideration and Mark-up Session Held
Mar 5, 2025
Committee vote
Committee Consideration and Mark-up Session Held
Mar 5, 2025
Reported out of committee
Ordered to be Reported by the Yeas and Nays: 30 - 19.
Mar 5, 2025
Reported out of committee
Ordered to be Reported by the Yeas and Nays: 30 - 19.
Feb 13, 2025
Introduced
Introduced in House
U.S. House of Representatives
Feb 13, 2025
Introduced
Introduced in U.S. House
U.S. House
Feb 13, 2025
Referred to committee
Referred to the House Committee on Financial Services.
U.S. House of Representatives

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