S.J. Res. 130 · On the floor · Finance and Financial Sector

A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to withdrawal of the rule relating to "Consumer Financial Protection Circular 2024-05: Improper Overdraft Opt-In Practices".

Sponsor: Chris Van Hollen (D-MD)

What it does

• Disapproves the Bureau of Consumer Financial Protection's rule withdrawing its October 2024 guidance on improper overdraft opt-in practices, effective as of enactment.

Latest action

May 13, 2026: Motion to proceed to consideration of measure rejected in Senate by Yea-Nay Vote. 47 - 53. Record Vote Number: 123. (consideration: CR S2265-2266)

Committee: Senate Banking, Housing, and Urban Affairs