Tim Scott (R-SC)
A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".
A Republican resolution with 16 Republican cosponsors · See all 16 cosponsors
Last activity — Became Public Law No: 119-10.
Became law
Passed both chambers and was signed by the President, or became law without a signature.
Nothing more in Congress: it is law. When it takes effect depends on the dates written into it — some parts start at once, others a year or more later.
What this bill would do
This is a joint resolution from the One Hundred Nineteenth Congress. It focuses on a specific rule submitted by the Bureau of Consumer Financial Protection regarding ``Overdraft Lending: Very Large Financial Institutions''. The resolution expresses congressional disapproval of that final rule. If passed, the rule shall have no force or effect.
Yes
No question was scored yes.
The opposite· 3 of 5
- Scored -5
Would households on low incomes be better off under this?
The removal of the overdraft rule may disproportionately affect low-income populations who rely more heavily on checking accounts.
- Scored -5
Does this give people more protection from unfair business practices?
By disapproving the CFPB rule on overdraft lending, this resolution removes protections meant to regulate how large financial institutions charge for overdrafts.
- Scored -3
Would middle-income households be better off under this?
The disapproval of the rule reduces potential protections against overdraft fees for middle-income consumers.
What Congress actually voted on
3 recorded votes have been taken on this bill. 2 of them decided something; the rest moved it along.
- The Senate: the vote on whether to pass the joint resolution A joint resolution is a bill by another name: it goes to the other chamber and then to the President. Most of them are used to overturn a rule an agency has made. Passed 52 yes · 48 no
03/27/2025 · Roll call 153 · recorded as “On the Joint Resolution S.J.Res. 18”
- The House: the vote on whether to pass the bill This is the real decision in this chamber. Passing here sends the bill to the other chamber, which must pass it too before it can go to the President. Passed 217 yes · 211 no
04/09/2025 · Roll call 96 · recorded as “On Passage”
- The Senate: a vote on whether to start debating something This decides only whether the chamber takes the measure up at all. Nothing about the measure itself has been decided when it passes. Motion to Proceed Agreed to 52 yes · 47 no
03/26/2025 · Roll call 152 · recorded as “On the Motion to Proceed S.J.Res. 18”
Who it would affect, and how
Potential Positive Impacts for People
- There are no specific positive impacts or benefits for individuals or groups of people explicitly listed in this text.
Potential Negative Impacts for People
- There are no specific negative impacts or burdens for individuals or groups of people explicitly listed in this text.
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 households on low incomes be better off under this? — The removal of the overdraft rule may disproportionately affect low-income populations who rely more heavily on checking accounts. Would middle-income households be better off under this? — The disapproval of the rule reduces potential protections against overdraft fees for middle-income consumers. Would people in cities be better off under this? — The resolution reduces consumer protections that may affect urban dwellers disproportionately due to higher costs of living and banking reliance.
- Economy And Finance
- Does this give people more protection from unfair business practices? — By disapproving the CFPB rule on overdraft lending, this resolution removes protections meant to regulate how large financial institutions charge for overdrafts.
- Governance And Ideology
- Does this give the federal government more power? — The resolution limits the regulatory authority of the Consumer Financial Protection Bureau to implement its overdraft lending rule.
- Public Law (5/10/2025)
The text as it became law
- Enrolled Bill
The final version, on its way to the President
In the queue for a floor vote, with no date set
- 5/9/2025
- Signed by President.
- Became Public Law No: 119-10.
- 5/5/2025
- Presented to President.
- 4/9/2025
- Motion to reconsider laid on the table Agreed to without objection.
- Passed/agreed to in House: On passage Passed by the Yeas and Nays: 217 - 211 (Roll no. 96). (text: CR H1519: 1)
- On passage Passed by the Yeas and Nays: 217 - 211 (Roll no. 96). (text: CR H1519)
- Considered as unfinished business. (consideration: CR H1533)
- POSTPONED PROCEEDINGS - At the conclusion of debate on S.J. Res. 18, the Chair put the question on passage of the joint resolution and by voice vote, announced that the ayes had prevailed. Mr. Hill (AR) demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
- The previous question was ordered pursuant to the rule.
- DEBATE - The House proceeded with one hour of debate on S.J. Res. 18.
- 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.
- Considered under the provisions of rule H. Res. 294. (consideration: CR H1519-1525)
- 4/7/2025
- Rules Committee Resolution H. Res. 294 Reported to 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.
- 4/1/2025
- Rules Committee Resolution H. Res. 282 Reported to House. Rule provides for consideration of H.R. 22, H.R. 1526, S.J. Res. 18 and S.J. Res. 28. 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. The resolution also provides that H. Res. 23 and H. Res. 164 are laid on the table.
- 3/31/2025
- Message on Senate action sent to the House.
- Held at the desk.
- Received in the House.
- 3/27/2025
- Considered by Senate. (consideration: CR S1879, S1884)
- Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 52 - 48. Record Vote Number: 153.
- Passed Senate without amendment by Yea-Nay Vote. 52 - 48. Record Vote Number: 153. (text: CR S1884)
- 3/26/2025
- Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).
- Placed on Senate Legislative Calendar under General Orders. Calendar No. 34.
- Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 52 - 47. Record Vote Number: 152.
- Measure laid before Senate by motion. (consideration: CR S1864)
- 3/12/2025
- 1 Cosponsor added.
- 3/4/2025
- 1 Cosponsor added.
- 2/19/2025
- 1 Cosponsor added.
- 2/13/2025
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 13 Cosponsors added.
- Introduced in Senate
3 bills Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
- 119-HJRES-59: Disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".
- 119-HRES-282: Providing 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.
- 119-HRES-294: Providing 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.
John BoozmanRepublican · Arkansas
Katie BrittRepublican · Alabama
Mike CrapoRepublican · Idaho
Kevin CramerRepublican · North Dakota
Steve DainesRepublican · Montana
Bill HagertyRepublican · Tennessee
Cynthia LummisRepublican · Wyoming
Mike LeeRepublican · Utah
Jerry MoranRepublican · Kansas
Bernie MorenoRepublican · Ohio
James RischRepublican · Idaho
Mike RoundsRepublican · South Dakota
Pete RickettsRepublican · Nebraska
John ThuneRepublican · South Dakota
Thomas TillisRepublican · North Carolina
Roger WickerRepublican · Mississippi