118th Congress Finance and Financial Sector
H.J.Res. 122: Disapproval of Bureau of Consumer Financial Protection rule: Credit Card Penalty Fees (Regulation Z)
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to "Credit Card Penalty Fees (Regulation Z)".
Reported
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This joint resolution nullifies the final rule issued by the Consumer Financial Protection Bureau titled Credit Card Penalty Fees (Regulation Z) and published on March 15, 2024. The rule lowers the safe-harbor cap on certain credit card late fees. In particular, late fees allowed under safe-harbor provisions must be capped at $8 when charged by a large credit card issuer. This cap is not subject to annual adjustment to reflect inflation.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Blaine Luetkemeyer R-MOOriginal
- Bill Posey R-FLOriginal
- Pete Sessions R-TXOriginal
- Ann Wagner R-MOOriginal
- Byron Donalds R-FL
- Scott Fitzgerald R-WI
- Brad Finstad R-MN
- Bill Huizenga R-MI
- J. Hill R-AR
- Barry Loudermilk R-GA
- Daniel Meuser R-PA
- Zachary (Zach) Nunn R-IA
- Adrian Smith R-NE
- William Timmons R-SC
- Steve Womack R-AR
- Randy Weber R-TX
- Roger Williams R-TX
- Brian Babin R-TX
- Ralph Norman R-SC
- John Rose R-TN
- Michael Lawler R-NY
Who scored on this bill
- 1Garland Barr SponsorIntroduced, marked up, reported3 events+32
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Introductions and cosponsorships count toward weekly caps and show no points.
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- H.R. 5929: Critical Minerals Supply Chain Resiliency Act of 2026
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- H.R. 6553: TIER Act of 2025
History
- Introduced in the House by Garland Barr.
Show the full action history (6 actions)
- Reported by the Committee on Financial Services. H. Rept. 118-618.
- Placed on the Union Calendar, Calendar No. 516.
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported by the Yeas and Nays: 28 - 22.
- Introduced in House
- Referred to the House Committee on Financial Services.