Disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".
USA119th CongressHJRES-59| House
| Updated: 3/21/2025
J. French Hill
Republican Representative
Arkansas
Cosponsors (17)
Dusty Johnson (Republican)Mike Ezell (Republican)Andrew Ogles (Republican)William R. Timmons (Republican)Maria Elvira Salazar (Republican)Barry Loudermilk (Republican)Daniel Meuser (Republican)Andy Barr (Republican)Ann Wagner (Republican)Roger Williams (Republican)Glenn Grothman (Republican)Mike Haridopolos (Republican)Byron Donalds (Republican)Troy Downing (Republican)Bill Huizenga (Republican)Ralph Norman (Republican)Tim Moore (Republican)
Financial Services Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
This joint resolution seeks to disapprove a final rule submitted by the Bureau of Consumer Financial Protection (BCFP) concerning "Overdraft Lending: Very Large Financial Institutions." The BCFP's rule, published on December 30, 2024, aimed to establish new regulations for how these institutions handle overdraft services. Should this resolution be enacted by Congress, the specified BCFP rule would be rendered without any force or effect . This legislative action would effectively prevent the implementation of the new federal regulations on overdraft lending practices for very large financial institutions.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Ordered to be Reported by the Yeas and Nays: 30 - 19.
Committee Consideration and Mark-up Session Held
Placed on the Union Calendar, Calendar No. 16.
Reported by the Committee on Financial Services. H. Rept. 119-26.
Finance and Financial Sector
Administrative law and regulatory proceduresBank accounts, deposits, capitalBanking and financial institutions regulationCongressional oversightConsumer Financial Protection BureauUser charges and fees
Disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".
USA119th CongressHJRES-59| House
| Updated: 3/21/2025
This joint resolution seeks to disapprove a final rule submitted by the Bureau of Consumer Financial Protection (BCFP) concerning "Overdraft Lending: Very Large Financial Institutions." The BCFP's rule, published on December 30, 2024, aimed to establish new regulations for how these institutions handle overdraft services. Should this resolution be enacted by Congress, the specified BCFP rule would be rendered without any force or effect . This legislative action would effectively prevent the implementation of the new federal regulations on overdraft lending practices for very large financial institutions.
Suggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Ordered to be Reported by the Yeas and Nays: 30 - 19.
Committee Consideration and Mark-up Session Held
Placed on the Union Calendar, Calendar No. 16.
Reported by the Committee on Financial Services. H. Rept. 119-26.
J. French Hill
Republican Representative
Arkansas
Cosponsors (17)
Dusty Johnson (Republican)Mike Ezell (Republican)Andrew Ogles (Republican)William R. Timmons (Republican)Maria Elvira Salazar (Republican)Barry Loudermilk (Republican)Daniel Meuser (Republican)Andy Barr (Republican)Ann Wagner (Republican)Roger Williams (Republican)Glenn Grothman (Republican)Mike Haridopolos (Republican)Byron Donalds (Republican)Troy Downing (Republican)Bill Huizenga (Republican)Ralph Norman (Republican)Tim Moore (Republican)
Financial Services Committee
Finance and Financial Sector
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Administrative law and regulatory proceduresBank accounts, deposits, capitalBanking and financial institutions regulationCongressional oversightConsumer Financial Protection BureauUser charges and fees