Bill

S.J.Res. 18 (119th): 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

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.

house · Substantive

Rankings updated October 26, 2026, 11:44 AM ET · Votes through September 30, 2026
Exported candidates: 719 | Filings on file, by office: H: 5838 | P: 1467 | S: 1567. These counts include every filing for that office, so they are larger than the ranked list. One person can have more than one filing. Non-voting delegates are left out.

Recorded summary

This joint resolution would nullify the CFPB's final rule "Overdraft Lending: Very Large Financial Institutions" (published December 30, 2024). The rule applies to very large financial institutions and governs charges for insufficient funds (overdrafts). Under the rule, these institutions must either cap overdraft charges at $5, cap them at a higher justified amount, or treat overdrafts as credit and comply with Truth in Lending Act disclosure requirements. Passage would block the rule from taking effect.

banking_regulationconsumer_protectioncra_disapprovalfinancial_policyfinancial_servicesoverdraft_feesregulationregulatory_oversight

Theological note: Scripture calls for honest weights, fair dealing, and care for those who are vulnerable to exploitation, so consumer protections against excessive or opaque fees bear on justice in lending. Scripture also affirms lawful commerce and legitimate civil authority, and reasonable people of good conscience disagree about whether this federal rule is the right remedy. The issue is relevant to justice toward ordinary depositors and to the proper limits of regulatory authority, but it does not clearly present a direct moral evil in the bill's text.

How this bill is scored

Recorded votes

Roll 96 · 9-Apr-2025 4:23 PM · On Passage · Passed

Yea 217 · Nay 211 · Other 5

Yea

Nay

Other

Roll 152 · March 26, 2025, 08:48 PM · On the Motion to Proceed S.J.Res. 18 · Motion to Proceed Agreed to (52-47)

Yea 52 · Nay 47 · Other 1

Yea

Nay

Other

Roll 153 · March 27, 2025, 11:28 AM · On the Joint Resolution S.J.Res. 18 · Joint Resolution Passed (52-48)

Yea 52 · Nay 48 · Other 0

Yea

Nay

Other

None recorded.

All bills · Markdown