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HJRES 59 Advanced toward a vote

Disapproves a Consumer Financial Protection Bureau rule that would have limited overdraft lending fees at the largest banks and credit unions, declaring the rule to have no force or effect.

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

Next stop House floor: awaiting a vote
Timeline each lane is a chamber; dates pull from congress.gov actions
House
Introduced 13-FEB-2025
Referred 13-FEB-2025
Approved by committee 05-MAR-2025
Reported 21-MAR-2025
On the calendar 21-MAR-2025
Key points
  • Congress disapproves the final rule titled "Overdraft Lending: Very Large Financial Institutions" published in the Federal Register on December 30, 2024 (89 Fed. Reg. 106768).
  • Under the resolution, the rule shall have no force or effect.
AI-generated from the Reported in House text of 21-MAR-2025 · verify · report an error
Official CRS summary

Covers an older version. The newest CRS summary describes the bill as of "Introduced in House" (13-FEB-2025); the text has changed since (Reported in House, 21-MAR-2025).

CRS is the Library of Congress's nonpartisan research office. Read it on congress.gov
Committee referrals (1) Policy area

Finance and Financial Sector

Sponsor J. French Hill (R-AR) Cosponsors · 17
■ 17 R
17 Republicans
congress.gov page Reported in House (21-MAR-2025) Introduced in House (13-FEB-2025)