S.J.Res. 18 // April 9, 2025
S.J.Res. 18
Sponsor: Tim Scott (R-SC)
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. , 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.
Finance and Financial Sector Topic assigned by the Congressional Research Service.
Who won, and how much of the country was behind them
| Side | Outcome | Votes | Share of U.S. adults |
|---|---|---|---|
| Yea | Won | 52 | 45.2% |
| Nay | Lost | 48 | 54.8% |
| Not represented on this question | No position taken | 0 | 0.0% |