Senate bill would restore CFPB overdraft fee guidance
Placed on the calendarS.J.Res. 130Latest action
Sponsor: Chris Van Hollen · Senator · MD
AIDecoded by AI · checked against the recordRead the official text
Official title: 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".
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
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Congress is voting on whether to restore a 2024 rule warning banks against signing customers up for overdraft coverage without proper consent.
45-second read · 4 questions answered below
What does this do?
This resolution would reverse a May 2025 decision by the Consumer Financial Protection Bureau to cancel its own 2024 guidance on overdraft enrollment. That original guidance warned banks against signing customers up for overdraft coverage in misleading ways or without proper consent. If this resolution passes, the cancellation would have no force or effect, and the 2024 guidance would be restored.
Who does it affect?
This affects everyday bank customers with checking accounts who may be charged overdraft fees. It also affects banks and financial institutions whose overdraft enrollment practices would again be reviewed under the 2024 guidance.
Why does it matter?
Without the guidance in place, banks face less federal scrutiny over how they enroll customers in overdraft coverage. If the resolution passes, the original rules around consent and enrollment practices would apply again.
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Read the official bill on Congress.govMake the call
Where does it stand?
- IntroducedMar 18, 2026
- Senate committee
- Senate voteYou are here · Apr 27, 2026
- House
- The president's desk
Right now: it was placed on the , and the official record shows no floor action on it since. If the House changes it, it goes back to the Senate before reaching the president.
Latest action: — Placed on Senate Legislative Calendar under General Orders. Calendar No. 386.
Recorded votes
Roll-call votes recorded since January 3, 2025.
Senate · · Roll call 123
As recorded
- Question
- On the S.J.Res. 130
- Result:
- Motion to Proceed Rejected
- 47
- Nay
- 53
- 0
- 0
Republicans 53 no · Democrats 45 yes · Independents 2 yes
Official recordHow members voted
The official record lists how each member voted.Official record