119th Congress Finance and Financial Sector
H.J.Res. 59: Disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".
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 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.
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
- Garland Barr R-KYOriginal
- Byron Donalds R-FLOriginal
- Troy Downing R-MTOriginal
- Glenn Grothman R-WIOriginal
- Bill Huizenga R-MIOriginal
- Mike Haridopolos R-FLOriginal
- Daniel Meuser R-PAOriginal
- Tim Moore R-NCOriginal
- Ralph Norman R-SCOriginal
- Andrew Ogles R-TNOriginal
- Maria Salazar R-FLOriginal
- William Timmons R-SCOriginal
- Ann Wagner R-MOOriginal
- Roger Williams R-TXOriginal
- Mike Ezell R-MS
- Barry Loudermilk R-GA
- Dusty Johnson R-SD
Who scored on this bill
- 1J. Hill SponsorIntroduced, marked up, reported3 events+32
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Other bills by J. Hill
History
- Introduced in the House by J. Hill.
Show the full action history (6 actions)
- Reported by the Committee on Financial Services. H. Rept. 119-26.
- Placed on the Union Calendar, Calendar No. 16.
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported by the Yeas and Nays: 30 - 19.
- Introduced in House
- Referred to the House Committee on Financial Services.