J. Hill (R-AR)
Disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".
A Republican resolution with 17 Republican cosponsors · See all 17 cosponsors
Last activity — Placed on the Union Calendar, Calendar No. 16.
Cleared committee, waiting for its first floor vote
A committee approved it and it is on the calendar of the chamber it started in.
This is further than most bills get, and still no promise of a vote: the calendar is a queue, and the majority leadership decides what is called. A bill can sit here until the Congress ends.
Its path through Congress
- Introduced
- On Calendar
What this bill would do
This joint resolution seeks to disapprove a specific final rule. The rule was submitted by the Bureau of Consumer Financial Protection regarding "Overdraft Lending: Very Large Financial Institutions." If passed, the resolution would ensure that the rule has no force or effect. It was submitted by Mr. Hill of Arkansas and several other members of the House.
Yes
- Scored +1
Would high-income households be better off under this?
Financial institutions will face fewer regulatory restrictions on their overdraft lending practices.
- Scored +1
Would business owners be better off under this?
The resolution reduces the regulatory oversight of large financial institutions which may impact broader economic ease.
- Scored +1
Does this make it easier to run a small business?
The resolution removes regulatory requirements regarding overdraft lending for large financial institutions, which may reduce compliance burdens.
The opposite· 3 of 6
- Scored -3
Does this give people more protection from unfair business practices?
By disapproving the CFPB rule on overdraft lending, the resolution eliminates protections intended to regulate how large institutions handle overdrafts.
- Scored -2
Would households on low incomes be better off under this?
The loss of overdraft regulations can disproportionately affect lower-income demographics.
- Scored -2
Does this give the federal government more power?
The resolution limits the authority of the Bureau of Consumer Financial Protection to implement its overdraft lending rule.
Who it would affect, and how
Potential Positive Impacts for People
The provided text does not contain specific details regarding the contents of the Bureau of Consumer Financial Protection's rule or the specific impacts of disapproving it. Therefore, no positive impacts can be identified from the text provided.
Potential Negative Impacts for People
The provided text does not contain specific details regarding the contents of the Bureau of Consumer Financial Protection's rule or the specific impacts of disapproving it. Therefore, no negative impacts can be identified from the text provided.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would business owners be better off under this? — The resolution reduces the regulatory oversight of large financial institutions which may impact broader economic ease. Would high-income households be better off under this? — Financial institutions will face fewer regulatory restrictions on their overdraft lending practices. Would households on low incomes be better off under this? — The loss of overdraft regulations can disproportionately affect lower-income demographics. Would middle-income households be better off under this? — The reversal of overdraft rules could lead to increased banking costs for middle-income families. Would people in cities be better off under this? — Reducing consumer protections on overdrafts may negatively impact urban populations who rely heavily on banking services.
- Economy And Finance
- Does this make it easier to run a small business? — The resolution removes regulatory requirements regarding overdraft lending for large financial institutions, which may reduce compliance burdens. Does this give people more protection from unfair business practices? — By disapproving the CFPB rule on overdraft lending, the resolution eliminates protections intended to regulate how large institutions handle overdrafts.
- Governance And Ideology
- Does this give the federal government more power? — The resolution limits the authority of the Bureau of Consumer Financial Protection to implement its overdraft lending rule.
- Social Issues And Justice
- Is this likely to lift people out of poverty? — Disapproving overdraft regulations may leave low-income individuals more vulnerable to unexpected fees.
- 3/21/2025
- Reported by the Committee on Financial Services. H. Rept. 119-26.
- Placed on the Union Calendar, Calendar No. 16.
- 3/14/2025
- 1 Cosponsor added.
- 3/5/2025
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported by the Yeas and Nays: 30 - 19.
- 2/21/2025
- 2 Cosponsors added.
- 2/13/2025
- Referred to the House Committee on Financial Services.
- 14 Cosponsors added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
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Mike EzellRepublican · Mississippi
Glenn GrothmanRepublican · Wisconsin
Bill HuizengaRepublican · Michigan
Mike HaridopolosRepublican · Florida
Dusty JohnsonRepublican · South Dakota
Barry LoudermilkRepublican · Georgia
Daniel MeuserRepublican · Pennsylvania
Tim MooreRepublican · North Carolina
Ralph NormanRepublican · South Carolina
Andrew OglesRepublican · Tennessee
Maria SalazarRepublican · Florida
William TimmonsRepublican · South Carolina
Ann WagnerRepublican · Missouri
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