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CIVIC HERALD
SJRES 18 · 119th Congress · SenateEnacted

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

Provisional: our plain-language summary, pending review.

In plain language: This resolution cancels a federal regulation that would have limited how much the nation's largest banks can charge for overdraft fees. Because the rule is blocked, banks with over $10 billion in assets can continue charging their standard overdraft penalties, which often run around $35 per transaction. It also stops the government from treating typical bank overdraft coverage as a consumer loan subject to standard lending disclosures.

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Provisionalunreviewed: impact, provisions, stakeholders, summary
People affected—not determinable from the text provided; the text cites the administrative rule but specifies no population figures.
Fiscal magnitude—not determinable from the text provided; the resolution contains no appropriations, fees, or direct fiscal allocations.
Reach
provisional · pending review55rigor: heuristic llm
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Issues

What this bill touches.

Market protections−40Banking/financial rules−40Regulation (cross-sector)−30

The sign shows the bill's direction on each issue (+ toward, − away); the number is its magnitude. Color never encodes good or bad, and never party.

Who it affects

Who it helps · who it burdens.

Provisional: our reading of who it affects, pending review.

Who it helps

  • Very large financial institutionsRelieves very large financial institutions from compliance with the CFPB's overdraft lending rule, preventing the rule's restrictions and fee regulations from taking legal effect.provisional

Who opposes it

  • Bureau of Consumer Financial ProtectionDisapproves and nullifies the agency's final rule on overdraft lending at very large financial institutions, stripping it of legal force and effect.provisional

Dollar-level funding (FEC sector totals) is coming in a later phase.

What it does

The provisions, in plain language.

Provisional: our reading of what the bill does, pending review.

  1. Nullifies the Consumer Financial Protection Bureau's final rule on overdraft lending by very large financial institutions, preventing the rule's fee and lending restrictions from taking legal effect.

    provisional

How your members of Congress line up

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The record

How members voted on S.J.Res. 18.

Recorded roll calls on this bill, most recent first. Open one to see each member's position.

  • House · Apr 9, 2025 · YEA-AND-NAY

    On Passage · Passed

    Source →

  • Senate · Mar 27, 2025 · 1/2 required

    On the Joint Resolution S.J.Res. 18 · Joint Resolution Passed

    Source →

  • Senate · Mar 26, 2025 · 1/2 required

    On the Motion to Proceed S.J.Res. 18 · Motion to Proceed Agreed to

    Source →

Timeline

How it moved.

Show all 26 actions
  1. May 9, 2025Became Public Law No: 119-10.
  2. May 9, 2025Signed by President.
  3. May 5, 2025Presented to President.
  4. Apr 9, 2025Motion to reconsider laid on the table Agreed to without objection.
  5. Apr 9, 2025On passage Passed by the Yeas and Nays: 217 - 211 (Roll no. 96). (text: CR H1519)
  6. Apr 9, 2025Passed/agreed to in House: On passage Passed by the Yeas and Nays: 217 - 211 (Roll no. 96). (text: CR H1519: 1)
  7. Apr 9, 2025Considered as unfinished business. (consideration: CR H1533)
  8. Apr 9, 2025POSTPONED 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.
  9. Apr 9, 2025The previous question was ordered pursuant to the rule.
  10. Apr 9, 2025DEBATE - The House proceeded with one hour of debate on S.J. Res. 18.
  11. Apr 9, 2025Rule 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.
  12. Apr 9, 2025Considered under the provisions of rule H. Res. 294. (consideration: CR H1519-1525)
  13. Apr 7, 2025Rules 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.
  14. Apr 1, 2025Rules 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.
  15. Mar 31, 2025Held at the desk.
  16. Mar 31, 2025Received in the House.
  17. Mar 31, 2025Message on Senate action sent to the House.
  18. Mar 27, 2025Passed Senate without amendment by Yea-Nay Vote. 52 - 48. Record Vote Number: 153. (text: CR S1884)
  19. Mar 27, 2025Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 52 - 48. Record Vote Number: 153.
  20. Mar 27, 2025Considered by Senate. (consideration: CR S1879, S1884)
  21. Mar 26, 2025Measure laid before Senate by motion. (consideration: CR S1864)
  22. Mar 26, 2025Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 52 - 47. Record Vote Number: 152.
  23. Mar 26, 2025Placed on Senate Legislative Calendar under General Orders. Calendar No. 34.
  24. Mar 26, 2025Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).
  25. Feb 13, 2025Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  26. Feb 13, 2025Introduced in Senate
  1. May 9, 2025Became Public Law No: 119-10.
  2. May 9, 2025Signed by President.
  3. May 5, 2025Presented to President.
  4. Apr 9, 2025Motion to reconsider laid on the table Agreed to without objection.
  5. Apr 9, 2025On passage Passed by the Yeas and Nays: 217 - 211 (Roll no. 96). (text: CR H1519)
  6. Apr 9, 2025Passed/agreed to in House: On passage Passed by the Yeas and Nays: 217 - 211 (Roll no. 96). (text: CR H1519: 1)
  7. Apr 7, 2025Rules 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.
  8. Apr 1, 2025Rules 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.
  9. Mar 27, 2025Passed Senate without amendment by Yea-Nay Vote. 52 - 48. Record Vote Number: 153. (text: CR S1884)
  10. Mar 27, 2025Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 52 - 48. Record Vote Number: 153.
  11. Mar 26, 2025Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 52 - 47. Record Vote Number: 152.
  12. Feb 13, 2025Introduced in Senate

The original text

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Sources & provenance

Congress.govrefreshed 3 months ago

Cite this page

Civic Herald. “A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions". (S.J.Res. 18, 119th Congress).” https://civicherald.app/bills/119-sjres-18. Congress.gov record as of Jul 27, 2026.

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