Senate joint resolution · S.J.Res. 18 (119th Congress)
A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial…
U.S. Senate
Sponsor: Tim Scott (U.S. Senator for South Carolina, Republican)
Official titleShow
A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".
The heading above is this same sentence with its legal opening removed. No words were added, changed or reordered.
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From Congress.gov and official rosters. This record was last updated Sep 9, 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
Signed into law.
- Introduced
- In committee
- Up for a vote
- Passed one chamber
- Passed
- Enacted
Committee
Senate Committee on Banking, Housing, and Urban Affairs · U.S. Senate
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Cosponsors
Showing the cosponsors who are on Agora, A to Z. The official record may list more.
Read on Congress.gov (opens in a new tab)- Republican13
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- Bernie Moreno
- Bill Hagerty
- Cynthia M. Lummis
- James E. Risch
- Jerry Moran
- John Thune
- Katie Boyd Britt
- Kevin Cramer
- Mike Crapo
- Mike Lee
- Mike Rounds
- Pete Ricketts
Show the full list (13 names)Show fewer cosponsors
Recorded votes
No recorded roll-call vote. Bills passed by voice vote or unanimous consent leave no member-level record.
Related bills
- H.J.Res. 59Disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".Identical bill, related bill, public law contains the text
- H.Res. 282Providing for consideration of the joint resolution (S.J. Res. 18) disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions''; providing for consideration of the joint resolution (S.J. Res. 28) disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to ''Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications''; providing for consideration of the bill (H.R. 1526) to amend title 28, United States Code, to limit the authority of district courts to provide injunctive relief, and for other purposes; providing for consideration of the bill (H.R. 22) to amend the National Voter Registration Act of 1993 to require proof of United States citizenship to register an individual to vote in elections for Federal office, and for other purposes; and for other purposes.Related bill, procedurally related
- H.Res. 294Providing for consideration of the joint resolution (S.J. Res. 18) disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions"; providing for consideration of the joint resolution (S.J. Res. 28) disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications"; providing for consideration of the bill (H.R. 1526) to amend title 28, United States Code, to limit the authority of district courts to provide injunctive relief, and for other purposes; providing for consideration of the bill (H.R. 22) to amend the National Voter Registration Act of 1993 to require proof of United States citizenship to register an individual to vote in elections for Federal office, and for other purposes; and for other purposes.Related bill, procedurally related
As identified by Congress.gov.
Full history
- May 9, 2025
Enacted
Became Public Law No: 119-10.
- May 9, 2025
Enacted
Became Public Law No: 119-10.
U.S. Senate
- May 9, 2025
Signed
Signed by President.
President
- May 5, 2025
Sent to the executive
Presented to President.
President
- Apr 9, 2025
Considered as Unfinished business. (consideration: cr H1533)
Considered as unfinished business. (consideration: CR H1533)
Show full history (15 earlier events)Show less history
- Apr 9, 2025
Debate - the House Proceeded With One Hour of Debate on S.J. Res. 18.
DEBATE - The House proceeded with one hour of debate on S.J. Res. 18.
U.S. House of Representatives
- Apr 9, 2025
Passed a chamber
Motion to reconsider laid on the table Agreed to without objection.
- Apr 9, 2025
Passed a chamber
Passed/agreed to in House: On passage Passed by the Yeas and Nays: 217 - 211 (Roll no. 96). (text: CR H1519: 1)
U.S. House of Representatives
- Apr 7, 2025
Reported out of committee
Rules 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.
U.S. House of Representatives
- Apr 1, 2025
Reported out of committee
Rules 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
U.S. House of Representatives
- Mar 31, 2025
Held at the desk.
- Mar 31, 2025
Message on Senate Action Sent to the House.
Message on Senate action sent to the House.
U.S. Senate
- Mar 31, 2025
Sent to the executive
Received in the House.
U.S. House of Representatives
- Mar 27, 2025
Considered by Senate. (consideration: cr S1879, S1884)
Considered by Senate. (consideration: CR S1879, S1884)
U.S. Senate
- Mar 27, 2025
Passed a chamber
Passed Senate without amendment by Yea-Nay Vote. 52 - 48. Record Vote Number: 153. (text: CR S1884)
U.S. Senate
- Mar 26, 2025
Measure Laid Before Senate by motion. (consideration: cr S1864)
Measure laid before Senate by motion. (consideration: CR S1864)
U.S. Senate
- Mar 26, 2025
Passed a chamber
Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 52 - 47. Record Vote Number: 152.
U.S. Senate
- Mar 26, 2025
In committee
Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).
U.S. Senate
- Feb 13, 2025
Introduced
Introduced in U.S. Senate
U.S. Senate
- Feb 13, 2025
Referred to committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Read the record
- Read on Congress.gov (opens in a new tab) The official record on Congress.gov.