Us Congress 2025-2026 Regular Session

Us Congress House Bill HR294

Caption

Providing for consideration of the joint resolution (S.J. Res. 18) disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions"; providing for consideration of the joint resolution (S.J. Res. 28) disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications"; providing for consideration of the bill (H.R. 1526) to amend title 28, United States Code, to limit the authority of district courts to provide injunctive relief, and for other purposes; providing for consideration of the bill (H.R. 22) to amend the National Voter Registration Act of 1993 to require proof of United States citizenship to register an individual to vote in elections for Federal office, and for other purposes; and for other purposes.

Impact

The implications of HR294 are significant as it aligns with broader legislative efforts to reshape the regulatory landscape for financial institutions operating in consumer spaces. The intent behind disapproving certain Bureau of Consumer Financial Protection rules is to provide financial institutions with more operational freedom, potentially increasing their profitability but also sparking concerns over consumer rights and protections. The changes may lead to a financial environment with fewer regulatory constraints, thereby affecting consumers' access to financial services.

Summary

House Resolution 294 addresses multiple legislative resolutions concerning consumer financial protections and voter registration processes. It sets the stage for the consideration of two joint resolutions that disapprove rules from the Bureau of Consumer Financial Protection, one regarding overdraft lending practices of large financial institutions and another focused on defining larger participants in the digital consumer payment application market. Furthermore, HR294 provides for considerations related to H.R. 1526, which seeks to limit the authority of district courts concerning injunctive relief, and H.R. 22, which proposes requiring proof of citizenship for voter registration in federal elections.

Sentiment

The sentiment around HR294 is mixed, with proponents viewing the resolution as a necessary step towards deregulating overly stringent rules that restrict financial institutions and complicate their operations. In contrast, critics identify a risk in loosening regulations, arguing that it could endanger consumer protections and lead to heightened vulnerabilities, particularly for disadvantaged populations who may rely on these financial services. The debate thus reflects deeper ideological divides regarding the role of government in regulating private financial enterprises.

Contention

Notably, the bill prompts contention over issues of consumer protection versus corporate freedom. Opponents of the joint resolutions are particularly concerned that the disapproval of existing regulations could exacerbate issues such as overdraft fees and unregulated digital payment practices, which many argue disproportionately affect low-income consumers. Furthermore, the proposal to require proof of citizenship for voter registration has raised alarms about potential disenfranchisement, indicating that while some measures aim to bolster security and accountability, they could also hinder access to fundamental democratic processes.

Congress_id

119-HRES-294

Policy_area

Congress

Introduced_date

2025-04-07

Companion Bills

US HB22

Procedurally-related Safeguard American Voter Eligibility Act or the SAVE ActThis bill requires individuals to provide documentary proof of U.S. citizenship when registering to vote in federal elections.Specifically, the bill prohibits states from accepting and processing an application to register to vote in a federal election unless the applicant presents documentary proof of U.S. citizenship. The bill specifies what documents are considered acceptable proof of U.S. citizenship, such as identification that complies with the REAL ID Act of 2005 that indicates U.S. citizenship.Further, the bill (1) prohibits states from registering an individual to vote in a federal election unless, at the time the individual applies to register to vote, the individual provides documentary proof of U.S. citizenship; and (2) requires states to establish an alternative process under which an applicant may submit other evidence to demonstrate U.S. citizenship.Each state must take affirmative steps on an ongoing basis to ensure that only U.S. citizens are registered to vote, which shall include establishing a program to identify individuals who are not U.S. citizens using information supplied by certain sources.Additionally, states must remove noncitizens from their official lists of eligible voters.The bill allows for a private right of action against an election official who registers an applicant to vote in a federal election who fails to present documentary proof of U.S. citizenship.The bill establishes criminal penalties for certain offenses, including registering an applicant to vote in a federal election who fails to present documentary proof of U.S. citizenship.

US SJR18

Related bill 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.

US HB1526

Related bill No Rogue Rulings Act or NORRAThis bill limits the authority of federal district courts to issue injunctions.Specifically, it prohibits a district court from issuing an injunction unless the injunction applies only to the parties of the particular case before the court.

US SJR28

Related bill 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.

US HR282

Related bill Providing for consideration of the joint resolution (S.J. Res. 18) disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions''; providing for consideration of the joint resolution (S.J. Res. 28) disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to ''Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications''; providing for consideration of the bill (H.R. 1526) to amend title 28, United States Code, to limit the authority of district courts to provide injunctive relief, and for other purposes; providing for consideration of the bill (H.R. 22) to amend the National Voter Registration Act of 1993 to require proof of United States citizenship to register an individual to vote in elections for Federal office, and for other purposes; and for other purposes.

US HR287

Related bill Providing for the consideration of S.J. Res. 18, S.J. Res 24, H.R. 1526, and H.R. 22.

US HR293

Procedurally-related Providing for the announcement of pairs from a written list furnished to the Clerk, and for other purposes.

Similar Bills

No similar bills found.