SJRES 130 Advanced toward a vote

Disapproves the Consumer Financial Protection Bureau's withdrawal of its 2024 circular on improper overdraft opt-in practices, declaring that the withdrawal shall have no force or effect.

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".

Next stop Senate floor: awaiting a vote

Timeline each lane is a chamber; dates pull from congress.gov actions

Senate

Introduced 18-MAR-2026

Referred 18-MAR-2026

On the calendar 27-APR-2026

Key points

Disapproves a Bureau rule, published at 90 Fed. Reg. 20084 (May 12, 2025), that withdrew Consumer Financial Protection Circular 2024-05.
The withdrawn circular addresses improper overdraft opt-in practices.
States that the withdrawal rule shall have no force or effect.

AI-generated from the Placed on Calendar Senate text of 27-APR-2026 · verify · report an error

Official CRS summary

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Committee referrals (1)

Banking, Housing, and Urban Affairs Committee (Senate)

Policy area

Finance and Financial Sector

Sponsor Chris Van Hollen (D-MD) Cosponsors · 0

No cosponsors.

congress.gov page Placed on Calendar Senate (27-APR-2026) Introduced in Senate (18-MAR-2026) Senate: Motion to proceed to consideration of measure rejected in..., 47-53, 13-MAY-2026