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S.J.Res. 130119th CongressPlaced on the calendarLatest action Apr 27, 2026Decoded by AI · checked against the record
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".
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
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
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.
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.
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.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: it was placed on the Senate floor calendar, 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.