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US HJR59

Joint Resolution

Official Source

Status

Introduced

2/13/2025

Primary Sponsor

French Hill

Click for details

Origin

House of Representatives

119th Congress

AI Summary

  • Congressional disapproval resolution under the Congressional Review Act targeting a Consumer Financial Protection Bureau (CFPB) rule on overdraft lending
  • Targets the CFPB final rule published December 30, 2024 (89 Fed. Reg. 106768) regulating overdraft practices at very large financial institutions
  • If enacted, the rule would have no force or effect, nullifying the CFPB's overdraft lending regulations
  • Introduced February 13, 2025 by Rep. French Hill (R-AR) with 17 co-sponsors, referred to House Financial Services Committee
  • Reported to the full House on March 21, 2025 (Report No. 119-26) and placed on the Union Calendar

Legislative Description

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

Finance and financial sector

Last Action

Placed on the Union Calendar, Calendar No. 16.

3/21/2025

Committee Referrals

Financial Services2/13/2025

Full Bill Text

No bill text available