WHAT THE LAW DOINCongress, in plain words

S.J.Res. 130 · 119th Congress

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".

IntroducedFinance and Financial Sector
IntroducedMar 18, 2026
Passed SenateNot yet
Passed HouseNot yet
To PresidentNot yet
Became lawNot yet

Where it stands

Introduced. Latest step, 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)

What it does

Sourced

The Congressional Research Service hasn't published a summary of this bill yet. They usually follow within weeks of introduction.

Our plain-language breakdown, with what it means for you and the case for and against, is written once a bill starts to move.

What has happened

Sourced
  1. Mar 18, 2026Introduced in SenateLibrary of Congress

Show all 6 recorded actions

Recorded votes

Sourced
  1. May 13, 2026 · SenateMotion to Proceed Rejected 47–53
    On the Motion to Proceed · needed a majority
    R 0 yes, 53 noI 2 yes, 0 noD 45 yes, 0 noEach member · Record