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

3/26/2025, 3:28 PM

Summary of Bill HJRES 59

Bill 119 hjres 59, also known as the Disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions," is a piece of legislation currently being considered by the US Congress. The bill aims to reject a rule proposed by the Bureau of Consumer Financial Protection that pertains to how very large financial institutions handle overdraft lending.

The rule in question seeks to regulate how these institutions provide overdraft protection to their customers, particularly focusing on ensuring that consumers are not unfairly burdened with excessive fees and charges. Supporters of the rule argue that it is necessary to protect consumers from predatory lending practices and to promote transparency in the financial industry.

However, opponents of the rule, including those in favor of Bill 119 hjres 59, argue that the rule would impose unnecessary regulations on financial institutions, potentially limiting their ability to offer overdraft protection to consumers. They believe that the rule could ultimately harm consumers by restricting their access to credit and increasing costs for financial institutions. As the bill continues to be debated in Congress, it remains to be seen whether it will ultimately be passed and the rule will be rejected. Supporters and opponents of the rule will likely continue to advocate for their respective positions as the legislative process unfolds.

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Current Status of Bill HJRES 59

Bill HJRES 59 is currently in the status of Bill Introduced since February 13, 2025. Bill HJRES 59 was introduced during Congress 119 and was introduced to the House on February 13, 2025.  Bill HJRES 59's most recent activity was Placed on the Union Calendar, Calendar No. 16. as of March 21, 2025

Bipartisan Support of Bill HJRES 59

Total Number of Sponsors
6
Democrat Sponsors
0
Republican Sponsors
6
Unaffiliated Sponsors
0
Total Number of Cosponsors
47
Democrat Cosponsors
0
Republican Cosponsors
47
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HJRES 59

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HJRES 59

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

Sponsors and Cosponsors of HJRES 59

R
J. French Hill
Arkansas(Republican)
R
Roger Williams
Texas(Republican)
R
Ann Wagner
Missouri(Republican)

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