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HJRES 121 118th Congress House Finance and Financial Sector

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…

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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)".

Introduced: March 29, 2024 Introduced by: Ogles, Andrew Republican · Tennessee See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 26, 2024
Referred to the House Committee on Financial Services.
Mar 26, 2024
Introduced in House
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 Plain-English summary Congressional Research Service

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. 

What's happening now March 26, 2024

Referred to the House Committee on Financial Services.

 Related & companion bills 2
  • SJRES 70 Identical bill A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule …
  • HJRES 122 Identical bill Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bu…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Republican 5
R
Yakym, Rudy
Indiana · Apr 16, 2024
 R
Weber, Randy K. Sr.
Texas · Apr 2, 2024
 R
Biggs, Andy
Arizona · Mar 29, 2024
 R
Donalds, Byron
Florida · Mar 29, 2024
 R
Perry, Scott
Pennsylvania · Mar 29, 2024
Cite this page click to expand
APA
U.S. Congress. (2026). H.J. Res. 121: 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)".. 118th Congress. Open America. https://openamerica.io/bill/118-HJRES-121/
MLA
"H.J. Res. 121: 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)".." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HJRES-121/.
Bluebook (legal)
H.J. Res. 121, 118th Cong. (2026), https://openamerica.io/bill/118-HJRES-121/.
Markdown link
[H.J. Res. 121: 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)".](https://openamerica.io/bill/118-HJRES-121/)
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