Govwatch

Introduced

In Committee

3

Passed One Chamber

4

Passed Both

5

Signed into Law

Sponsor

J. French Hill

Republican · AR · Representative

Votes with party: 97.4% (546 recorded votes)

Full profile: /officials/H001072

Source: Congress.gov · FEC

Cosponsors (17)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Placed on the Union Calendar, Calendar No. 16.

2025-03-21

Source: Congress.gov

Plain-English Summary

This resolution would block a new rule from the Consumer Financial Protection Bureau that would regulate how very large banks handle overdraft fees and lending practices. If passed, banks would not have to follow the stricter overdraft protections the agency had proposed, meaning customers could continue facing high fees when their accounts go negative. The measure targets only the largest financial institutions and would prevent changes to how they manage overdraft services.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Affected Industries

Industries and interest groups with a stake in how this bill is resolved. Compare with each member's outside-money backers on their finance page.

Finance & Banking

Why this matters: Look up any member who voted on this bill and check their finance page — do the industries listed above match the groups funding their campaigns? That's the kind of connection this tool is built to help you find.

Subjects

Finance and Financial Sector

Full Bill Text

Verbatim text published on Congress.gov via GovInfo. Use Cmd+F / Ctrl+F to search within this excerpt.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.J. Res. 59 Reported in House (RH)] <DOC> Union Calendar No. 16 119th CONGRESS 1st Session H. J. RES. 59 [Report No. 119-26] Disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to ``Overdraft Lending: Very Large Financial Institutions''. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES February 13, 2025 Mr. Hill of Arkansas (for himself, Mr. Meuser, Mr. Ogles, Mrs. Wagner, Mr. Huizenga, Mr. Timmons, Mr. Moore of North Carolina, Mr. Haridopolos, Mr. Barr, Mr. Williams of Texas, Mr. Donalds, Ms. Salazar, Mr. Downing, Mr. Norman, and Mr. Grothman) submitted the following joint resolution; which was referred to the Committee on Financial Services March 21, 2025 Additional sponsors: Mr. Ezell, Mr. Loudermilk, and Mr. Johnson of South Dakota March 21, 2025 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed _______________________________________________________________________ JOINT RESOLUTION Disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to ``Overdraft Lending: Very Large Financial Institutions''. Resolved by the Senate and House of Representatives of the United States of America in Congress assembled, That Congress disapproves the final rule submitted by the Bureau of Consumer Financial Protection relating to ``Overdraft Lending: Very Large Financial Institutions'' (89 Fed. Reg. 106768 (December 30, 2024)), and such rule shall have no force or effect. Union Calendar No. 16 119th CONGRESS 1st Session H. J. RES. 59 [Report No. 119-26] _______________________________________________________________________ JOINT RESOLUTION Disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to ``Overdraft Lending: Very Large Financial Institutions''. _______________________________________________________________________ March 21, 2025 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed

Open clean-text view Read on Congress.gov →

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