A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".
4/11/2025, 8:05 AMSummary of Bill SJRES 18
Bill 119 SJRes 18 is a joint resolution that aims to disapprove of a rule submitted by the Bureau of Consumer Financial Protection regarding "Overdraft Lending: Very Large Financial Institutions." The rule in question pertains to the regulations surrounding overdraft lending practices by major financial institutions.The resolution seeks to challenge and ultimately reject the rule put forth by the Bureau of Consumer Financial Protection, which aims to address concerns related to overdraft lending practices by very large financial institutions. The rule likely includes provisions aimed at increasing transparency, consumer protection, and oversight of overdraft lending practices to ensure that consumers are not taken advantage of by these institutions.
If passed, this joint resolution would effectively nullify the rule submitted by the Bureau of Consumer Financial Protection, preventing it from being implemented and enforced. This resolution is likely to spark debate among lawmakers, with proponents arguing that the rule is necessary to protect consumers from predatory lending practices, while opponents may argue that it imposes unnecessary regulations on financial institutions. Overall, Bill 119 SJRes 18 is a significant piece of legislation that has the potential to impact the way very large financial institutions conduct their overdraft lending practices. It will be interesting to see how lawmakers on both sides of the aisle respond to this resolution and whether it ultimately passes into law.
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Current Status of Bill SJRES 18
Bill SJRES 18 is currently in the status of Passed in House since April 9, 2025. Bill SJRES 18 was introduced during Congress 119 and was introduced to the Senate on February 13, 2025. Bill SJRES 18's most recent activity was Motion to reconsider laid on the table Agreed to without objection. as of April 9, 2025Bipartisan Support of Bill SJRES 18
Total Number of Sponsors
18Democrat Sponsors
0Republican Sponsors
18Unaffiliated Sponsors
0Total Number of Cosponsors
30Democrat Cosponsors
0Republican Cosponsors
30Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill SJRES 18
Primary Policy Focus
Finance and Financial SectorAlternate Title(s) of Bill SJRES 18
A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".Comments
Most relevant
Sponsors and Cosponsors of SJRES 18
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Disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".
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Providing for consideration of the joint resolution (S.J. Res. 18) disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions''; providing for consideration of the joint resolution (S.J. Res. 28) disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to ''Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications''; providing for consideration of the bill (H.R. 1526) to amend title 28, United States Code, to limit the authority of district courts to provide injunctive relief, and for other purposes; providing for consideration of the bill (H.R. 22) to amend the National Voter Registration Act of 1993 to require proof of United States citizenship to register an individual to vote in elections for Federal office, and for other purposes; and for other purposes.
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Providing for consideration of the joint resolution (S.J. Res. 18) disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions"; providing for consideration of the joint resolution (S.J. Res. 28) disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications"; providing for consideration of the bill (H.R. 1526) to amend title 28, United States Code, to limit the authority of district courts to provide injunctive relief, and for other purposes; providing for consideration of the bill (H.R. 22) to amend the National Voter Registration Act of 1993 to require proof of United States citizenship to register an individual to vote in elections for Federal office, and for other purposes; and for other purposes.
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