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H.J.Res. 59House119th Congress (2025-2027)In Committee

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

Sponsored by J. French HillRep. J. French Hill (R-AR)
Introduced February 13, 2025

AI-Generated Summary

Updated November 24, 2025 at 2:43 AM UTC

This joint resolution tells the Bureau of Consumer Financial Protection that its new rule on overdraft lending for very large financial institutions is rejected. By disapproving the rule, Congress makes the rule ineffective, meaning the regulations it would have imposed on big banks will not take effect. The action primarily impacts large banks that offer overdraft services and the consumers who use those accounts.

Key Provisions

  • Congress formally disapproves the CFPB’s final rule on overdraft lending for very large financial institutions, removing any legal force the rule might have had.

Legislative Activity

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5 earlier actions
HouseCalendars Latest Action

Placed on the Union Calendar, Calendar No. 16.

March 21, 2025

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HouseIntro Referral

Introduced in House

February 13, 2025

HouseIntro Referral

Referred to the House Committee on Financial Services.

Financial Services Committee

February 13, 2025

HouseCommittee

Committee Consideration and Mark-up Session Held

Financial Services Committee

March 5, 2025

HouseCommittee

Ordered to be Reported by the Yeas and Nays: 30 - 19.

Financial Services Committee

March 5, 2025

HouseCommittee

Reported by the Committee on Financial Services. H. Rept. 119-26.

Financial Services Committee

March 21, 2025

HouseCalendars

Placed on the Union Calendar, Calendar No. 16.

March 21, 2025

Bill Text

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Reported in HouseIssued March 21, 2025

IB

Union Calendar No. 16

119th CONGRESS

1st Session

H. J. RES. 59

[Report No. 119–26]

IN THE HOUSE OF REPRESENTATIVES

February 13, 2025

Mr. Hill of Arkansas (for himself, Mr. Meuser, Mr. Ogles, Mrs. Wagner, Mr. Huizenga, Mr. Timmons, Mr. Moore of North Carolina, Mr. Haridopolos, Mr. Barr, Mr. Williams of Texas, Mr. Donalds, Ms. Salazar, Mr. Downing, Mr. Norman, and Mr. Grothman) submitted the following joint resolution; which was referred to the Committee on Financial Services

March 21, 2025

Additional sponsors: Mr. Ezell, Mr. Loudermilk, and Mr. Johnson of South Dakota

March 21, 2025

Committed to the Committee of the Whole House on the State of the Union and ordered to be printed

JOINT RESOLUTION

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

That Congress disapproves the final rule submitted by the Bureau of Consumer Financial Protection relating to Overdraft Lending: Very Large Financial Institutions (89 Fed. Reg. 106768 (December 30, 2024)), and such rule shall have no force or effect.

March 21, 2025

Committed to the Committee of the Whole House on the State of the Union and ordered to be printed