S.J. Res. 18
119th Congress
Senate
A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".
Finance and Financial Sector
Administrative law and regulatory proceduresBank accounts, deposits, capitalBanking and financial institutions regulationCongressional oversight
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Consumer Financial Protection BureauUser charges and fees
White House position
Supports
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Everywhere this bill has been
25 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 9, 2025
Became Public Law No: 119-10.
May 9, 2025
Signed by President.
May 5, 2025
Presented to President.
Apr 9, 2025
Motion to reconsider laid on the table Agreed to without objection.
Apr 9, 2025
POSTPONED PROCEEDINGS - At the conclusion of debate on S.J. Res. 18, the Chair put the question on passage of the joint resolution and by voice vote, announced that the ayes had prevailed. Mr. Hill (AR) demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
Apr 9, 2025
On passage Passed by the Yeas and Nays: 217 - 211 (Roll no. 96). (text: CR H1519)
Apr 9, 2025
Considered as unfinished business. (consideration: CR H1533)
Apr 9, 2025
The previous question was ordered pursuant to the rule.
Apr 9, 2025
DEBATE - The House proceeded with one hour of debate on S.J. Res. 18.
Apr 9, 2025
Considered under the provisions of rule H. Res. 294. (consideration: CR H1519-1525)
Apr 9, 2025
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.
Apr 7, 2025
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.
Apr 1, 2025
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 laid on the table.
Mar 31, 2025
Held at the desk.
Mar 31, 2025
Received in the House.
Mar 31, 2025
Message on Senate action sent to the House.
Mar 27, 2025
Considered by Senate. (consideration: CR S1879, S1884)
Mar 27, 2025
Passed Senate without amendment by Yea-Nay Vote. 52 - 48. Record Vote Number: 153. (text: CR S1884)
Mar 27, 2025
Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 52 - 48. Record Vote Number: 153.
Mar 26, 2025
Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 52 - 47. Record Vote Number: 152.
Mar 26, 2025
Measure laid before Senate by motion. (consideration: CR S1864)
Mar 26, 2025
Placed on Senate Legislative Calendar under General Orders. Calendar No. 34.
Mar 26, 2025
Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).
Feb 13, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Feb 13, 2025
Introduced in Senate
Votes taken on this bill
5
| Date | Chamber | What was voted on | Result | Yes–No | |
|---|---|---|---|---|---|
| Apr 9, 2025 | House · vote #96 | On Passage | Passed | 217–211 | See who voted → |
| Mar 27, 2025 | Senate · vote #153 | On the Joint Resolution S.J.Res. 18 | Passed | 52–48 | See who voted → |
| Mar 26, 2025 | Senate · vote #152 | On the Motion to Proceed S.J.Res. 18 | Agreed To | 52–47 | See who voted → |
| May 17, 2023 | Senate · vote #130 | On the Joint Resolution S.J.Res. 18 | Passed | 50–47 | See who voted → |
| Mar 18, 1997 | Senate · vote #31 | On the Joint Resolution S.J.Res. 18 | Failed | 38–61 | See who voted → |
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Latest action
Became Public Law No: 119-10.
Plain-English 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.
Related & companion bills
3
Bill text
6 versions
- Engrossed in Senate Formatted Text PDF Formatted XML
- Enrolled Bill Formatted Text PDF Formatted XML United States Legislative Markup
- Introduced in Senate Formatted Text PDF Formatted XML
- Placed on Calendar Senate Formatted Text PDF Formatted XML
- Placed on Calendar Senate Formatted Text PDF Formatted XML
- Public Law Formatted Text PDF United States Legislative Markup
Committees of jurisdiction
1
Lobbying activity
69
- GOWEST CREDIT UNION ASSOCIATION
- BANK POLICY INSTITUTE
- CHAMBER OF COMMERCE OF THE U.S.A.
- CONSUMER BANKERS ASSOCIATION
- CALIFORNIA AND NEVADA CREDIT UNION LEAGUES
- CALIFORNIA AND NEVADA CREDIT UNION LEAGUES
Bodies those filers lobbied
- HOUSE OF REPRESENTATIVES
- SENATE
- Treasury, Dept of
- Consumer Financial Protection Bureau (CFPB)
- Federal Reserve System
- Office of the Comptroller of the Currency (OCC)
- Federal Deposit Insurance Corporation (FDIC)
- Federal Communications Commission (FCC)
Cite this page
U.S. Congress. (2026). S.J. Res. 18: A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".. 119th Congress. Open America. https://openamerica.io/bill/119-SJRES-18/
"S.J. Res. 18: A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-SJRES-18/.
S.J. Res. 18, 119th Cong. (2026), https://openamerica.io/bill/119-SJRES-18/.
[S.J. Res. 18: A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".](https://openamerica.io/bill/119-SJRES-18/)