S.J.Res. 130Heading to a voteJobs & the economy
Senate bill would restore CFPB overdraft fee guidance
Data as of July 11, 2026
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
Decoded
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.
Where does it stand?
- Introduced
- Senate committee
- Senate vote — You are here
- House
- President's desk
Right now: it's headed for a Senate floor vote. If the House changes it, it goes back to the Senate before reaching the President.
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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:
- March 18, 2026
- Latest action:
- April 27, 2026
Placed on Senate Legislative Calendar under General Orders. Calendar No. 386.
Read the official bill on Congress.govMake the call
Three steps: where you stand, your script, the call.