SJRES 130 — Congress 119
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".
Official source: https://www.congress.gov/bill/119th-congress/senate-joint-resolution/130
Congress.gov subjects: Administrative law and regulatory procedures; Bank accounts, deposits, capital; Congressional oversight; Consumer Financial Protection Bureau; User charges and fees; Finance and Financial Sector
Issues impacted: Regulation & Agency Oversight (ai, high)
Official bill text (stored)
Plain-text extraction from Congress.gov text formats. Canonical source remains the official URL above. Full text is prioritized for bills with roll-call votes.
119 SJ 130 IS: 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 the withdrawal of the rule relating to “Consumer Financial Protection Circular 2024–05: Improper Overdraft Opt-In Practices”. U.S. Senate 2026-03-18 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. IIA 119th CONGRESS 2d Session S. J. RES. 130 IN THE SENATE OF THE UNITED STATES March 18, 2026 Mr. Van Hollen introduced the following joint resolution; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs 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 the withdrawal of the rule relating to Consumer Financial Protection Circular 2024–05: Improper Overdraft Opt-In Practices . That Congress disapproves the rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to Consumer Financial Protection Circular 2024–05: Improper Overdraft Opt-In Practices (89 Fed. Reg. 80075 (October 2, 2024)) (90 Fed. Reg. 20084 (May 12, 2025)), and such rule shall have no force or effect.
Plain-English summary
Confidence: high · Complexity: moderate · Model: grok-4.5
Congress is trying a fast-track move to undo a Consumer Financial Protection Bureau step on bank overdraft rules.
Here’s the simple version. The bureau once put out guidance—Circular 2024-05—about “improper overdraft opt-in practices.” That’s about how banks get you to agree to overdraft coverage and the fees that can pile up. Later the bureau withdrew that guidance. This joint resolution uses the Congressional Review Act (a special law that lets Congress cancel an agency rule) to reject that withdrawal. If it passed, the withdrawal would have no force, so the original circular would stay in play.
Everyday folks with bank accounts could feel it on overdraft sign-ups and fees. Banks and the bureau would treat the circular as still live. The bill text itself is short: it names the withdrawal and says Congress disapproves it.
Related issues
How a vote maps to positions
Impartial mapping: which issue position a Yea vs Nay advances. When a bill has multiple floor votes, each roll can have its own mapping. Bill-level entries (no roll listed) apply as a default when a roll has no specific map. Used for legislator alignment.
All rolls (bill default)
| Issue | Yea advances | Nay advances | Note |
|---|---|---|---|
| Regulation & Agency Oversight | Disapprove or nullify agency rules | Preserve agency rules and standards | Yea voids the CFPB’s published withdrawal of the overdraft opt-in circular; Nay leaves that withdrawal in effect. |