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S.J.Res. 18

U.S. Senate•Passed

Summary

S.J.Res. 18, “A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions"”, was introduced in the Senate on Feb 13, 2025 by Sen. Tim Scott (R) with 16 co-sponsors. It last saw action on May 9, 2025: Became Public Law No: 119-10. It is now Public Law 119-10.

Record

Text

S.J.Res. 18 has 16 co-sponsors and 3 roll calls.

sjr18/enrolled.txt
SJ 18 ENR: Disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to “Overdraft Lending: Very Large Financial Institutions”.
 U.S. Senate
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
     One Hundred Nineteenth Congress of the United States of America
     1st Session
     Begun and held at the City of Washington on Friday, the third day of January, two thousand and twenty five
     S. J. RES. 18
     IN THE SENATE OF THE UNITED STATES
     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.
  Speaker of the House of Representatives  Vice President of the United States and President of the Senate

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-02-13
  2. Passed Senate2025-03-27
  3. Passed House2025-04-09
  4. Conference
  5. To President2025-05-05
  6. Became Law2025-05-09

CRS Summary

The summaries are the Congressional Research Service’s, one per stage. Read them in full.

Public Law May 9, 2025

sjr18/public-law.md

Shown Here:
Public Law (05/09/2025)

This joint resolution nullifies the final rule issued by the Consumer Financial Protection Bureau titled Overdraft Lending: Very Large Financial Institutions and published on December 30, 2024. The rule revises provisions regarding charges for insufficient funds in a customer’s bank account (i.e., overdrafts) at very large financial institutions. Under the rule, these institutions must (1) cap overdraft charges at $5; (2) with justification, cap charges at a higher amount; or (3) handle overdrafts as credit and comply with applicable Truth in Lending Act disclosure requirements.

Introduced in Senate Feb 13, 2025

sjr18/introduced-in-senate.md

Shown Here:
Introduced in Senate (02/13/2025)

This joint resolution nullifies the final rule issued by the Consumer Financial Protection Bureau titled Overdraft Lending: Very Large Financial Institutions and published on December 30, 2024. The rule revises provisions regarding charges for insufficient funds in a customer’s bank account (i.e., overdrafts) at very large financial institutions. Under the rule, these institutions must (1) cap overdraft charges at $5; (2) with justification, cap charges at a higher amount; or (3) handle overdrafts as credit and comply with applicable Truth in Lending Act disclosure requirements.

Sponsors

Sen. Tim Scott (R) sponsors S.J.Res. 18, and 16 members have co-sponsored it, 13 of them from the day it was introduced.

Committees

S.J.Res. 18 went before 1 committee: Banking, Housing, and Urban Affairs.

Banking, Housing, and Urban Affairs
Banking, Housing, and Urban Affairs
Discharged From · Mar 26, 2025 · 465 Bills

Actions

S.J.Res. 18 has taken 26 actions since Feb 13, 2025, the latest on May 9, 2025.

ChamberAction
May 9, 2025
Senate
Signed by President.
May 9, 2025
Senate
Became Public Law No: 119-10.
May 5, 2025
Senate
Presented to President.
Apr 9, 202513:07
House
Considered under the provisions of rule H. Res. 294. (consideration: CR H1519-1525)
Apr 9, 202513:08
House
Rule provides for consideration of S.J. Res. 18, S.J. Res. 28, H.R. 1526 and H.R. 22. The resolution provides for consideration of H.R. 22, H.R. 1526, S.J. Res. 18, and S.J. Res. 28 under a closed rule. The resolution provides for one hour of debate on each measure and one motion to recommit on H.R. 22 and H.R. 1526, and one motion to commit on S.J. Res. 18 and S.J. Res. 28.

Votes

S.J.Res. 18 went to 3 roll calls across both chambers, the latest on Apr 9, 2025 at 217–211.

ChamberQuestion
Yea
Nay
Apr 9, 2025
House
On Passage
217
211
Mar 27, 2025
Senate
On the Joint Resolution
52
48
Mar 27, 2025
Senate
On the Motion to Proceed
52
47

3 bills are related to S.J.Res. 18.

HJRES 59Disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".Mar 21, 2025 · Placed on the Union Calendar, Calendar No. 16. · Related billHRES 282Providing 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.Apr 1, 2025 · Motion to reconsider laid on the table Agreed to without objection. · Related billHRES 294Providing 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.Apr 8, 2025 · Motion to reconsider laid on the table Agreed to without objection. · Related bill

Titles

S.J.Res. 18 goes by 2 titles.

  • A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions". — Display Title
  • A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions". — Official Title as Introduced

Lobbying

23 clients hired 23 firms and 282 registered lobbyists who named S.J.Res. 18 in 71 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Banking, Taxation/Internal Revenue Code, Financial Institutions/Investments/Securities, Budget/Appropriations, Small Business, Government Issues, Housing, Science/Technology.

Clients

Who paid to be heard, by how many filings named the bill. The 20 that filed most often, of 23.

ClientBusinessStateFirmsFilingsReported
CHAMBER OF COMMERCE OF THE U.S.A.—District of Columbia17—
NEW YORK BANKERS ASSOCIATION—New York17—
BANK POLICY INSTITUTE—District of Columbia16—
CALIFORNIA AND NEVADA CREDIT UNION LEAGUES—California16—
CONSUMER BANKERS ASSOCIATION—District of Columbia16—
GOWEST CREDIT UNION ASSOCIATIONCredit Union Trade AssociationWashington16—
INDEPENDENT COMMUNITY BANKERS OF AMERICA—District of Columbia14—
AMAZON.COM SERVICES LLC—District of Columbia13—
AMERICAN BANKERS ASSOCIATION—District of Columbia13—
AMERICANS FOR TAX REFORM—District of Columbia13—
LEADERSHIP CONFERENCE ON CIVIL AND HUMAN RIGHTS—District of Columbia13—
AMERICANS FOR FINANCIAL REFORM—District of Columbia12—
CREDIT UNION NATIONAL ASSOCIATION, INC. DBA AMERICA'S CREDIT UNIONS—District of Columbia12—
JPMORGAN CHASE HOLDINGS LLC—New York12—
UNITED SERVICES AUTOMOBILE ASSOCIATION—District of Columbia12—
WELLS FARGO & COMPANY—Minnesota12—
CONFERENCE OF PROVINCIALS OF NORTH AMERICA—Missouri11$20K
DEMAND PROGRESS ACTION501c4 organizationMaryland11$10K
BANK OF AMERICA CORPORATION—District of Columbia11—
CENTER FOR RESPONSIBLE LENDING A SUPPORTING CORP OF CTR FOR COMMUNITY SELF-HELP—District of Columbia11—

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
CHAMBER OF COMMERCE OF THE U.S.A.17—
NEW YORK BANKERS ASSOCIATION17—
BANK POLICY INSTITUTE16—
CALIFORNIA AND NEVADA CREDIT UNION LEAGUES16—
CONSUMER BANKERS ASSOCIATION16—
GOWEST CREDIT UNION ASSOCIATION16—
INDEPENDENT COMMUNITY BANKERS OF AMERICA14—
AMAZON.COM SERVICES LLC13—
AMERICAN BANKERS ASSOCIATION13—
AMERICANS FOR TAX REFORM13—
LEADERSHIP CONFERENCE ON CIVIL AND HUMAN RIGHTS13—
AMERICANS FOR FINANCIAL REFORM12—
CREDIT UNION NATIONAL ASSOCIATION. INC. DBA AMERICA'S CREDIT UNIONS12—
JPMORGAN CHASE HOLDINGS LLC12—
UNITED SERVICES AUTOMOBILE ASSOCIATION12—
WELLS FARGO & COMPANY12—
BANK OF AMERICA CORPORATION11—
CENTER FOR RESPONSIBLE LENDING, A SUPPORTING CORP OF CTR FOR COMMUNITY SELF-HELP11—
COMMUNITY BANKERS ASSOCIATION OF ILLINOIS11—
KATHERINE OH11$10K

Lobbyists

Named on the filings that cite the bill. The 20 named most often, of 282.

LobbyistFirmsClientsFilings
ABELARDO TORRES117
ANDREA PORWOLL117
ASHLEY GUM117
BRADLEY WATTS117
BRENT WEITZBERG117
BRINCE MANNING117
BROOKE MILLER117
CASSIA CARVALHO117
CHAD WHITEMAN117
CHANTEL SHEAKS117
CHRISTOPHER CRENSHAW117
CHRISTOPHER EYLER117
CHRISTOPHER GUITH117
CHRISTOPHER ROBERTI117
CLARE CUSACK117
CLARK JACKSON117
DAN BYERS117
ERIN DELANEY117
ESPERANZA JELALIAN117
FOXHALL PARKER117

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

ClientRegistrantPeriodReportedDocument
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2026 first_quarter$19.8M1st Quarter - Amendme…
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2026 first_quarter$19.8M1st Quarter - Report
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2025 second_quarter$19.3M2nd Quarter - Report
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2025 first_quarter$19.3M1st Quarter - Report
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2025 fourth_quarter$18M4th Quarter - Report
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2026 second_quarter$17M2nd Quarter - Report
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2025 third_quarter$13.7M3rd Quarter - Report
AMAZON.COM SERVICES LLCAMAZON.COM SERVICES LLC2025 second_quarter$4.5M2nd Quarter - Report
AMAZON.COM SERVICES LLCAMAZON.COM SERVICES LLC2025 first_quarter$4.4M1st Quarter - Amendme…
AMAZON.COM SERVICES LLCAMAZON.COM SERVICES LLC2025 first_quarter$4.3M1st Quarter - Report
INDEPENDENT COMMUNITY BANKERS OF AMERICAINDEPENDENT COMMUNITY BANKERS OF AMERICA2025 second_quarter$2.7M2nd Quarter - Report
AMERICAN BANKERS ASSOCIATIONAMERICAN BANKERS ASSOCIATION2025 third_quarter$2.2M3rd Quarter - Report
AMERICAN BANKERS ASSOCIATIONAMERICAN BANKERS ASSOCIATION2025 second_quarter$2M2nd Quarter - Report
AMERICAN BANKERS ASSOCIATIONAMERICAN BANKERS ASSOCIATION2025 first_quarter$1.7M1st Quarter - Report
BANK POLICY INSTITUTEBANK POLICY INSTITUTE2026 first_quarter$1.3M1st Quarter - Report
BANK POLICY INSTITUTEBANK POLICY INSTITUTE2025 first_quarter$1.3M1st Quarter - Report
JPMORGAN CHASE HOLDINGS LLCJPMORGAN CHASE HOLDINGS LLC2025 second_quarter$1.2M2nd Quarter - Report
CREDIT UNION NATIONAL ASSOCIATION, INC. DBA AMERICA'S CREDIT UNIONSCREDIT UNION NATIONAL ASSOCIATION. INC. DBA AMERICA'S CREDIT UNIONS2025 first_quarter$1.2M1st Quarter - Report
CREDIT UNION NATIONAL ASSOCIATION, INC. DBA AMERICA'S CREDIT UNIONSCREDIT UNION NATIONAL ASSOCIATION. INC. DBA AMERICA'S CREDIT UNIONS2025 second_quarter$1.2M2nd Quarter - Report
CONSUMER BANKERS ASSOCIATIONCONSUMER BANKERS ASSOCIATION2025 third_quarter$1.2M3rd Quarter - Report

Classification

The Congressional Research Service files S.J.Res. 18 under Finance and Financial Sector, one of its 31 policy areas, and gives it 6 legislative subjects.

CRS Subjects

CRS assigns every bill one policy area from its 31; S.J.Res. 18’s is Finance and Financial Sector.

sjres18/policy-areas.txt
Finance and Financial SectorAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTaxationTransportation and Public WorksWater Resources Development

Legislative Subjects

S.J.Res. 18 carries 6 of CRS’s legislative subjects, from Administrative law and regulatory procedures to User charges and fees.

sjres18/subjects.txt
Administrative law and regulatory proceduresBank accounts, deposits, capitalBanking and financial institutions regulationCongressional oversightConsumer Financial Protection BureauUser charges and fees

Source: congress.gov · legiscan.com