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. The rule revises provisions regarding charges for insufficient funds in a customer’s bank account (i.e., 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.
This joint resolution nullifies the final rule issued by the Consumer Financial Protection Bureau (CFPB) titled Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications and published on December 10, 2024. The rule defines larger participants in the general-use digital consumer payment application market (i.e., payment apps) that are subject to CFPB supervisory authority. The rule defines larger participants in this market as nonbanks (1) with an annual volume of at least 50 million transactions, and (2) that are not small business concerns.
This concurrent resolution reauthorizes the Joint Congressional Committee on Inaugural Ceremonies relating to the January 20, 2025, Presidential inauguration. The reauthorization is effective beginning January 3, 2025.The joint committee is authorized to make the necessary arrangements for the inauguration of the President-elect and the Vice President-elect of the United States, including using the Capitol rotunda and Emancipation Hall for such proceedings and ceremonies.The joint committee was established during the 118th Congress and consists of three Senators and three Members of the House of Representatives.
This concurrent resolution authorizes the Capitol rotunda to be used for the lying in state of the remains of Jimmy Carter, the 39th President of the United States. The lying in state shall take place from January 7, 2025, until January 9, 2025.
This joint resolution nullifies the final rule issued by the Bureau of Ocean Energy Management (BOEM) titled Protection of Marine Archaeological Resources and published on September 3, 2024. The rule requires operators and lessees conducting oil and gas exploration or development on the Outer Continental Shelf and that are seeking BOEM approval for such activities to also provide BOEM with an archaeological report for the area of potential effects. The report must identify potential archaeological resources (material remains of human life or activities that are at least 50 years old and that are of archaeological interest) on the sea floor. The rule modified regulations that only required such a report when a BOEM regional director has reason to believe that an archaeological resource may be present in the lease area.
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to "Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales".
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Environmental Protection Agency relating to "Waste Emissions Charge for Petroleum and Natural Gas Systems: Procedures for Facilitating Compliance, Including Netting and Exemptions".
This concurrent resolution establishes the day, time, and manner for counting electoral votes for President and Vice President as January 6, 2025, at 1:00 pm. The concurrent resolution provides that the results of the count shall be delivered to the President of the Senate and entered on the journals of Congress.