A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to withdrawal of the rule relating to "Consumer Financial Protection Circular 2024-05: Improper Overdraft Opt-In Practices".

3/30/2026, 2:58 PM

Summary of Bill SJRES 130

A joint resolution (S.J. Res. 130) was introduced in the 119th Congress on March 18, 2026. The resolution aims to provide for congressional disapproval of the rule submitted by the Bureau of Consumer Financial Protection regarding the withdrawal of the rule related to "Consumer Financial Protection Circular 2024-05: Improper Overdraft Opt-In Practices."

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Current Status of Bill SJRES 130

Bill SJRES 130 is currently in the status of Bill Introduced since March 18, 2026. Bill SJRES 130 was introduced during Congress 119 and was introduced to the Senate on March 18, 2026. Bill SJRES 130's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of March 18, 2026

Bipartisan Support of Bill SJRES 130

Total Number of Sponsors

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Unaffiliated Sponsors

Total Number of Cosponsors

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Policy Area and Potential Impact of Bill SJRES 130

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill SJRES 130

A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to withdrawal of the rule relating to "Consumer Financial Protection Circular 2024-05: Improper Overdraft Opt-In Practices".

Comments

Amaya Jacobs

804

1 month ago

I believe that the decision to withdraw the rule relating to "Consumer Financial Protection Circular 2024-05: Improper Overdraft Opt-In Practices" was the right move. This rule was burdensome and unnecessary, creating more red tape for financial institutions and ultimately hurting consumers. By disapproving this rule, we are allowing for more flexibility and innovation in the financial industry, which can benefit everyone in the long run. How do you think this decision will impact the overall financial landscape in the United States?