Placed on the Union Calendar, Calendar No. 16.
This joint resolution (H.J. Res. 59) under the Congressional Review Act seeks to disapprove and nullify a final rule issued by the Consumer Financial Protection Bureau titled “Overdraft Lending: Very Large Financial Institutions” (89 Fed. Reg. 106768, Dec. 30, 2024).
Progressives emphasize consumer-protection losses from repeal
Single-issue CRA disapprovals are procedurally simple in the House but require majority political support.
This joint resolution (H.J. Res. 59) under the Congressional Review Act seeks to disapprove and nullify a final rule issued by the Consumer Financial Protection Bureau titled “Overdraft Lending: Very Large Financial Institutions” (89 Fed.
Reg. 106768, Dec. 30, 2024).
If enacted, the resolution would render that CFPB rule without force or effect.
Narrow, easily written measure improves House odds; Senate and executive branch support are pivotal and uncertain.
How solid the drafting looks.
Progressives emphasize consumer-protection losses from repeal
These are examples from the analysis, not a ranked list of the most-affected groups.
Progressives emphasize consumer-protection losses from repeal
Likely opposed to the resolution because the CFPB rule is seen as a consumer-protection measure limiting harmful overdraft practices at very large banks.
They would view nullification as rolling back safeguards for low-income and vulnerable consumers who face high overdraft fees.
Any acknowledged benefits of nullification would be seen as small compared with consumer risks.
Cautiously ambivalent.
They will weigh consumer protection goals against regulatory burden on very large banks and possible tradeoffs for account access and costs.
Support or opposition depends on perceived evidence of the rule’s benefits, costs, and implementation feasibility.
Likely supportive of the resolution as an appropriate check on CFPB regulation.
They would view nullification as preventing regulatory overreach, protecting bank business models, and avoiding higher costs passed to consumers.
Emphasis on limiting federal bureaucracy and preserving market-driven solutions.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Narrow, easily written measure improves House odds; Senate and executive branch support are pivotal and uncertain.
The bill has not accumulated any surfaced votes yet.
Progressives emphasize consumer-protection losses from repeal
Narrow, easily written measure improves House odds; Senate and executive branch support are pivotal and uncertain.
Pro readers get the full perspective split, passage barriers, legislative design review, stakeholder impact map, and lens-based policy tradeoff analysis for Disapproving the rule submitted by the Bureau of Consumer Fina…
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