S.J.Res. 18 · 119th Congress

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

Introduced on Feb 13, 2025 by Tim Scott (R-SC). 16 cosponsors, all from the sponsor's party. Became Public Law 119-10.

Stage
Became law
Public Law 119-10
Introduced
Feb 13, 2025
Cosponsors
16
0 from the other party
Policy area
Finance and Financial Sector
Open in the Congress explorerCongress.govAlert me

Progress

The furthest stage the measure reached. Simple and concurrent resolutions do not go to the President.

  1. Introduced
  2. Reported by committee
  3. Passed one chamber
  4. Passed both chambers
  5. Sent to the President
  6. Became law

Subjects

  • Administrative law and regulatory procedures
  • Bank accounts, deposits, capital
  • Banking and financial institutions regulation
  • Congressional oversight
  • Consumer Financial Protection Bureau
  • User charges and fees

Summary

By the Congressional Research Service (Public Law, May 9, 2025). Public domain.

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.

Sponsor and cosponsors

Cosponsors by party as of the day they signed on. Original cosponsors signed on the day of introduction.

Tim ScottR-SCSponsor

Republicans · 16

Roll calls

Recorded votes on the measure. Most measures move by voice vote or unanimous consent, which record no individual positions.

  1. On the Motion to Proceed
    Mar 26, 2025· Senate· Procedural· Motion to Proceed Agreed to 52–47
  2. On the Joint Resolution
    Mar 27, 2025· Senate· Passage· Joint Resolution Passed 52–48
  3. On Passage
    Apr 9, 2025· House· Passage· Passed 217–211

History

Every action as published, oldest first. Roll calls link to how each member voted.

  1. Feb 13, 2025Introduced in Senate
  2. Feb 13, 2025 · SenateRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  3. Mar 26, 2025Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).
  4. Mar 26, 2025 · SenateSenate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).
  5. Mar 26, 2025 · SenatePlaced on Senate Legislative Calendar under General Orders. Calendar No. 34.
  6. Mar 26, 2025 · SenateMotion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 52 - 47. Record Vote Number: 152.Senate · Roll call 152
  7. Mar 26, 2025 · SenateMeasure laid before Senate by motion. (consideration: CR S1864)
  8. Mar 27, 2025 · SenateConsidered by Senate. (consideration: CR S1879, S1884)
  9. Mar 27, 2025Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 52 - 48. Record Vote Number: 153.Senate · Roll call 153
  10. Mar 27, 2025 · SenatePassed Senate without amendment by Yea-Nay Vote. 52 - 48. Record Vote Number: 153. (text: CR S1884)Senate · Roll call 153
  11. Mar 31, 2025 · SenateMessage on Senate action sent to the House.
  12. Mar 31, 2025 · HouseReceived in the House.
  13. Mar 31, 2025 · HouseHeld at the desk.
  14. Apr 1, 2025 · 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.
  15. Apr 7, 2025 · 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.
  16. Apr 9, 2025 · HouseConsidered under the provisions of rule H. Res. 294. (consideration: CR H1519-1525)
  17. Apr 9, 2025 · 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.
  18. Apr 9, 2025 · HouseDEBATE - The House proceeded with one hour of debate on S.J. Res. 18.
  19. Apr 9, 2025 · HouseThe previous question was ordered pursuant to the rule.
  20. Apr 9, 2025 · 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.
  21. Apr 9, 2025 · HouseConsidered as unfinished business. (consideration: CR H1533)
  22. Apr 9, 2025Passed/agreed to in House: On passage Passed by the Yeas and Nays: 217 - 211 (Roll no. 96). (text: CR H1519: 1)House · Roll call 96
  23. Apr 9, 2025 · HouseOn passage Passed by the Yeas and Nays: 217 - 211 (Roll no. 96). (text: CR H1519)House · Roll call 96
  24. Apr 9, 2025 · HouseMotion to reconsider laid on the table Agreed to without objection.
  25. May 5, 2025Presented to President.
  26. May 5, 2025 · HousePresented to President.
  27. May 9, 2025Signed by President.
  28. May 9, 2025Signed by President.
  29. May 9, 2025Became Public Law No: 119-10.
  30. May 9, 2025Became Public Law No: 119-10.

Committees

Committees and subcommittees the measure was referred to.

Agencies in its committees' jurisdiction

Analisa's mapping of committee jurisdiction to federal agencies; the bill may touch others, or none of these.

Who lobbied on it

Organizations whose lobbying reports (LD-2) name this measure. Spending is what they reported for those quarters on all issues, not on this measure alone.

  1. BANK POLICY INSTITUTE6 reports
    $4.6M reported (all issues)
  2. California and Nevada Credit Union Leagues6 reports
    $660K reported (all issues)
  3. Chamber of Commerce of the U.S.A.6 reports
    $107M reported (all issues)
  4. GOWEST CREDIT UNION ASSOCIATION6 reports
    $350K reported (all issues)
  5. New York Bankers Association6 reports
    $298K reported (all issues)
  6. CONSUMER BANKERS ASSOCIATION5 reports
    $4.6M reported (all issues)
  7. American Bankers Association3 reports
    $5.9M reported (all issues)Federal contractor: AMERICAN BANKERS ASSOCIATIONAI match · 100%
  8. Americans for Tax Reform3 reports
    $180K reported (all issues)
  9. INDEPENDENT COMMUNITY BANKERS OF AMERICA3 reports
    $4.4M reported (all issues)
  10. Amazon.com Services LLC2 reports
    $8.8M reported (all issues)Federal contractor: AMAZON.COM SERVICES LLC$285.9K in contracts, FY2026AI match · 100%
  11. Americans for Financial Reform2 reports
    $300K reported (all issues)
  12. CREDIT UNION NATIONAL ASSOCIATION, INC.2 reports
    $2.4M reported (all issues)
  13. Demand Progress Action, Inc2 reports
    $70K reported (all issues)
  14. JPMORGAN CHASE HOLDINGS LLC2 reports
    $2.1M reported (all issues)
  15. Leadership Conference on Civil and Human Rights2 reports
    $1.1M reported (all issues)
  16. UNITED SERVICES AUTOMOBILE ASSOCIATION2 reports
    $1.1M reported (all issues)
  17. WELLS FARGO AND COMPANY2 reports
    $1.3M reported (all issues)
  18. BANK OF AMERICA CORPORATION1 report
    $350K reported (all issues)Federal contractor: BANK OF AMERICA, NATIONAL ASSOCIATIONAI match · 99%
  19. CENTER FOR RESPONSIBLE LENDING, A SUPPORTING CORP OF CTR FOR COMMUNITY SELF-HELP1 report
    $80K reported (all issues)
  20. CONFERENCE OF PROVINCIALS OF NORTH AMERICA1 report
    $20K reported (all issues)
  21. Community Bankers Association of Illinois1 report
    $65K reported (all issues)
  22. SMALL BUSINESS & ENTREPRENEURSHIP COUNCIL (SBE COUNCIL)1 report
    $40K reported (all issues)
  23. U.S. Public Interest Research Group1 report
    $10K reported (all issues)

Reports filed in 2025, 2026.

Sources and method

Every figure on this page traces to these records.

  • Bill status: bills and resolutions, sponsors, actions, subjects and CRS summaries (U.S. Government Publishing Office (GovInfo), from Congress.gov (Library of Congress))GovInfo Bill Status bulk data (Congress.gov; summaries by the Congressional Research Service) · data current to Oct 6, 2026 · loaded Oct 6, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Members of Congress, their terms, committees and identifiers (The @unitedstates project (from the Biographical Directory of the U.S. Congress, the House and the Senate))unitedstates/congress-legislators: legislators, committees and current committee membership · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: CC0 1.0 (public domain dedication)
  • House roll-call votes (Office of the Clerk, U.S. House of Representatives)Office of the Clerk, U.S. House of Representatives, roll-call vote records · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Senate roll-call votes and DW-NOMINATE scores (Voteview (UCLA Department of Political Science))Lewis, Jeffrey B., Keith Poole, Howard Rosenthal, Adam Boche, Aaron Rudkin, and Luke Sonnet (2026). Voteview: Congressional Roll-Call Votes Database. https://voteview.com/ · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: Free to use with the required citation
  • Lobbying disclosures (LD-1 registrations, LD-2 quarterly reports, LD-203 contribution reports) (Clerk of the U.S. House of Representatives)Clerk of the House, Lobbying Disclosure Act filings (organizations only; lobbyists' names are not loaded) · data current to Oct 6, 2026 · loaded Oct 6, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Positions are shown only where a roll call recorded them; voice votes and unanimous consent record none.
  • Money and votes are shown side by side; neither explains the other.