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S.J.Res. 18 · 119th Congress · Public Law 119-10

A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".

The law is a single resolving clause, the same as when it was introduced.

Signed May 9, 2025 · Introduced February 13, 2025 in the Senate

Sponsor: Sen. Tim Scott (R-SC) · 16 cosponsors (16 R)

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Official title

Disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to Overdraft Lending: Very Large Financial Institutions.

Official summary (Congressional Research Service) · as public law

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.

How it became law

  1. IntroducedFeb 13
  2. CommitteeMar 26
  3. House—
  4. SenateMar 27
  5. SignedMay 9

As introduced: Disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to Overdraft Lending: Very Large Financial Institutions.

Key steps, cosponsors and text changes (17)

  1. Sponsor

    Sen. Tim Scott (R-SC)

  2. Original cosponsors

    Sen. Bernie Moreno (R-OH), Sen. Bill Hagerty (R-TN), Sen. Cynthia Lummis (R-WY), Sen. James Risch (R-ID), Sen. Jerry Moran (R-KS), Sen. John Boozman (R-AR), Sen. Katie Britt (R-AL), Sen. Kevin Cramer (R-ND), Sen. Mike Crapo (R-ID), Sen. Mike Rounds (R-SD), Sen. Pete Ricketts (R-NE), Sen. Roger Wicker (R-MS), Sen. Thomas Tillis (R-NC)

  3. SenateIntroduced in Senate

  4. Text: Introduced in Senate

    1 section

  5. Cosponsor joined

    Sen. Mike Lee (R-UT)

  6. Cosponsor joined

    Sen. Steve Daines (R-MT)

  7. Cosponsor joined

    Sen. John Thune (R-SD)

  8. SenateMotion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 52 - 47. Record Vote Number: 152.

  9. SenateSenate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).

  10. Text: Placed on Calendar Senate

    1 section, no changes

  11. SenatePassed Senate without amendment by Yea-Nay Vote. 52 - 48. Record Vote Number: 153. (text: CR S1884)

  12. Text: Engrossed in Senate

    1 section, no changes

  13. HouseOn passage Passed by the Yeas and Nays: 217 - 211 (Roll no. 96). (text: CR H1519)

  14. HousePresented to President.

  15. Text: Enrolled Bill

    1 section, no changes

  16. Became Public Law No: 119-10.

  17. Signed by President.

Show every recorded step (30)

  1. Sponsor

    Sen. Tim Scott (R-SC)

  2. Original cosponsors

    Sen. Bernie Moreno (R-OH), Sen. Bill Hagerty (R-TN), Sen. Cynthia Lummis (R-WY), Sen. James Risch (R-ID), Sen. Jerry Moran (R-KS), Sen. John Boozman (R-AR), Sen. Katie Britt (R-AL), Sen. Kevin Cramer (R-ND), Sen. Mike Crapo (R-ID), Sen. Mike Rounds (R-SD), Sen. Pete Ricketts (R-NE), Sen. Roger Wicker (R-MS), Sen. Thomas Tillis (R-NC)

  3. SenateRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.

  4. SenateIntroduced in Senate

  5. Text: Introduced in Senate

    1 section

  6. Cosponsor joined

    Sen. Mike Lee (R-UT)

  7. Cosponsor joined

    Sen. Steve Daines (R-MT)

  8. Cosponsor joined

    Sen. John Thune (R-SD)

  9. SenateMeasure laid before Senate by motion. (consideration: CR S1864)

  10. SenateMotion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 52 - 47. Record Vote Number: 152.

  11. SenatePlaced on Senate Legislative Calendar under General Orders. Calendar No. 34.

  12. SenateSenate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).

  13. Text: Placed on Calendar Senate

    1 section, no changes

  14. SenatePassed Senate without amendment by Yea-Nay Vote. 52 - 48. Record Vote Number: 153. (text: CR S1884)

  15. SenateConsidered by Senate. (consideration: CR S1879, S1884)

  16. Text: Engrossed in Senate

    1 section, no changes

  17. HouseReceived in the House.

  18. HouseRules 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.

  19. HouseRules 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.

  20. HouseOn passage Passed by the Yeas and Nays: 217 - 211 (Roll no. 96). (text: CR H1519)

  21. HouseConsidered as unfinished business. (consideration: CR H1533)

  22. HousePOSTPONED 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.

  23. HouseThe previous question was ordered pursuant to the rule.

  24. HouseDEBATE - The House proceeded with one hour of debate on S.J. Res. 18.

  25. HouseRule 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.

  26. HouseConsidered under the provisions of rule H. Res. 294. (consideration: CR H1519-1525)

  27. HousePresented to President.

  28. Text: Enrolled Bill

    1 section, no changes

  29. Became Public Law No: 119-10.

  30. Signed by President.

Source: GovInfo bill status and text versions. 16 cosponsors.

Every section

All 1 section, in order

From the enrolled bill text on GovInfo. Read any section in full on Congress.gov.

  1. TextThat Congress disapproves the final rule submitted by the Bureau of Consumer Financial Protection…

Sponsor and cosponsors

Show all 17 members, by last name

Sponsor: Sen. Tim Scott (R-SC)

  • Sen. John Boozman (R-AR)
  • Sen. Katie Britt (R-AL)
  • Sen. Kevin Cramer (R-ND)
  • Sen. Mike Crapo (R-ID)
  • Sen. Steve Daines (R-MT)
  • Sen. Bill Hagerty (R-TN)
  • Sen. Mike Lee (R-UT)
  • Sen. Cynthia Lummis (R-WY)
  • Sen. Jerry Moran (R-KS)
  • Sen. Bernie Moreno (R-OH)
  • Sen. Pete Ricketts (R-NE)
  • Sen. James Risch (R-ID)
  • Sen. Mike Rounds (R-SD)
  • Sen. John Thune (R-SD)
  • Sen. Thomas Tillis (R-NC)
  • Sen. Roger Wicker (R-MS)
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Sources: bill text and status, GovInfo (Enrolled Bill) · Official summary, Congressional Research Service · Congress.gov, as of November 1, 2026. US government works are in the public domain · This bill on Congress.gov (opens in new tab)