WHAT THE LAW DOINCongress, in plain words

S.J.Res. 18 · 119th Congress · Public Law 119-10

A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".

Became lawFinance and Financial Sector
IntroducedFeb 13, 2025
Passed SenateMar 27, 2025
Passed HouseApr 9, 2025
To PresidentMay 5, 2025
Became lawMay 9, 2025

What it does

Sourced

This joint resolution nullifies the final rule issued by the Consumer Financial Protection Bureau titled Overdraft Lending: Very Large Financial Institutions and published on December 30, 2024. The rule revises provisions regarding charges for insufficient funds in a customer’s bank account (i.e., overdrafts) at very large financial institutions. Under the rule, these institutions must (1) cap overdraft charges at $5; (2) with justification, cap charges at a higher amount; or (3) handle overdrafts as credit and comply with applicable Truth in Lending Act disclosure requirements.

Official summary by the Congressional Research Service (Public Law, May 9, 2025).

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

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  1. 2025-05-09Became Public Law No: 119-10.Library of Congress
  2. 2025-05-09Became Public Law No: 119-10.Library of Congress
  3. 2025-05-09Signed by President.Library of Congress
  4. 2025-05-09Signed by President.Library of Congress
  5. 2025-05-05Presented to President.House floor actions
  6. 2025-05-05Presented to President.Library of Congress
  7. 2025-04-09Motion to reconsider laid on the table Agreed to without objection.House floor actions
  8. 2025-04-09On passage Passed by the Yeas and Nays: 217 - 211 (Roll no. 96). (text: CR H1519) Roll call recordHouse floor actions
  9. 2025-04-09Passed/agreed to in House: On passage Passed by the Yeas and Nays: 217 - 211 (Roll no. 96). (text: CR H1519: 1) Roll call recordLibrary of Congress
  10. 2025-04-09Considered as unfinished business. (consideration: CR H1533)House floor actions
  11. 2025-04-09POSTPONED 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.House floor actions
  12. 2025-04-09The previous question was ordered pursuant to the rule.House floor actions
  13. 2025-04-09DEBATE - The House proceeded with one hour of debate on S.J. Res. 18.House floor actions
  14. 2025-04-09Rule 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.House floor actions
  15. 2025-04-09Considered under the provisions of rule H. Res. 294. (consideration: CR H1519-1525)House floor actions
  16. 2025-04-07Rules 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.House floor actions
  17. 2025-04-01Rules 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.House floor actions
  18. 2025-03-31Held at the desk.House floor actions
  19. 2025-03-31Received in the House.House floor actions
  20. 2025-03-31Message on Senate action sent to the House.Senate
  21. 2025-03-27Passed Senate without amendment by Yea-Nay Vote. 52 - 48. Record Vote Number: 153. (text: CR S1884) Roll call recordSenate
  22. 2025-03-27Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 52 - 48. Record Vote Number: 153. Roll call recordLibrary of Congress
  23. 2025-03-27Considered by Senate. (consideration: CR S1879, S1884)Senate
  24. 2025-03-26Measure laid before Senate by motion. (consideration: CR S1864)Senate
  25. 2025-03-26Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 52 - 47. Record Vote Number: 152. Roll call recordSenate
  26. 2025-03-26Placed on Senate Legislative Calendar under General Orders. Calendar No. 34.Senate
  27. 2025-03-26Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).Senate
  28. 2025-03-26Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).Library of Congress
  29. 2025-02-13Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.Senate
  30. 2025-02-13Introduced in SenateLibrary of Congress

Show key steps only

After it became law

Sourced

Nothing in the Federal Register names Public Law 119-10 yet (checked Oct 27, 2026). Many laws need no new rules: they set penalties, name a building, or fund something directly.

Recorded votes

Sourced

Mar 26, 2025 · Senate roll call 152 · needed 1/2

On the Motion to Proceed: Motion to Proceed Agreed to 52–47

R 52 yes, 1 noI 0 yes, 2 noD 0 yes, 44 no, 1 present or not voting

How each member voted · Official record

Mar 27, 2025 · Senate roll call 153 · needed 1/2

On the Joint Resolution: Joint Resolution Passed 52–48

R 52 yes, 1 noI 0 yes, 2 noD 0 yes, 45 no

How each member voted · Official record

Apr 9, 2025 · House roll call 96 · needed 1/2

On Passage: Passed 217–211

R 217 yes, 1 no, 2 present or not votingD 0 yes, 210 no, 3 present or not voting

How each member voted · Official record

Cosponsors

  • John Boozman R-AR
  • Katie Boyd Britt R-AL
  • Kevin Cramer R-ND
  • Mike Crapo R-ID
  • Steve Daines R-MT
  • Bill Hagerty R-TN
  • Mike Lee R-UT
  • Cynthia M. Lummis R-WY
  • Jerry Moran R-KS
  • Bernie Moreno R-OH
  • Pete Ricketts R-NE
  • James E. Risch R-ID
  • Mike Rounds R-SD
  • John Thune R-SD
  • Thom Tillis R-NC
  • Roger F. Wicker R-MS