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".
USA119th CongressSJRES-130| Senate
| Updated: 5/13/2026
Chris Van Hollen
Democratic Senator
Maryland
Banking, Housing, and Urban Affairs Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
This joint resolution seeks to invoke congressional disapproval of a specific rule issued by the Bureau of Consumer Financial Protection (BCFP) under the Congressional Review Act. The targeted BCFP rule pertains to the withdrawal of its prior guidance, "Consumer Financial Protection Circular 2024-05: Improper Overdraft Opt-In Practices." By passing this resolution, Congress intends to prevent the BCFP from rescinding its stance on these practices. If enacted, the BCFP's withdrawal rule would be rendered without force or effect , consequently ensuring that the provisions of Circular 2024-05, which address improper overdraft opt-in practices, remain active or are reinstated to protect consumers.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 386.
Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).
Motion to proceed to consideration of measure rejected in Senate by Yea-Nay Vote. 47 - 53. Record Vote Number: 123. (consideration: CR S2265-2266)
View VoteFinance and Financial Sector
Administrative law and regulatory proceduresBank accounts, deposits, capitalCongressional oversightConsumer Financial Protection BureauUser charges and fees
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".
USA119th CongressSJRES-130| Senate
| Updated: 5/13/2026
This joint resolution seeks to invoke congressional disapproval of a specific rule issued by the Bureau of Consumer Financial Protection (BCFP) under the Congressional Review Act. The targeted BCFP rule pertains to the withdrawal of its prior guidance, "Consumer Financial Protection Circular 2024-05: Improper Overdraft Opt-In Practices." By passing this resolution, Congress intends to prevent the BCFP from rescinding its stance on these practices. If enacted, the BCFP's withdrawal rule would be rendered without force or effect , consequently ensuring that the provisions of Circular 2024-05, which address improper overdraft opt-in practices, remain active or are reinstated to protect consumers.
Suggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 386.
Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).
Motion to proceed to consideration of measure rejected in Senate by Yea-Nay Vote. 47 - 53. Record Vote Number: 123. (consideration: CR S2265-2266)
View VoteChris Van Hollen
Democratic Senator
Maryland
Banking, Housing, and Urban Affairs Committee
Finance and Financial Sector
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Administrative law and regulatory proceduresBank accounts, deposits, capitalCongressional oversightConsumer Financial Protection BureauUser charges and fees