U.S. Wealth WatcherCelebrating Political Fortunes
SJRES 18 · 119th CongressEnactedVoted Apr 9, 2025

Cancel new overdraft fee rules for big banks

Banking & Financial

Sponsored by Tim Scott

The vote
217-211
+6 margin
Worked the bill
$565M
24 groups · their total 2025 lobbying
In the distance
$5.3M
election money · background
Summary

What the bill does

This resolution cancels a rule from the Consumer Financial Protection Bureau that would have limited overdraft fees charged by large banks and credit unions. The rule would have capped these fees at a lower amount, but this resolution stops it from taking effect.

Why it matters

The stakes

Millions of Americans who use overdraft protection could face higher bank fees if the rule is blocked. Banks say the fees cover costs, while consumer groups argue they hit low-income customers hardest.

Major public companies this covers
  • JPMorgan ChaseJPM
  • Bank of AmericaBAC
  • Wells FargoWFC
  • CitigroupC
  • U.S. BancorpUSB
  • PNC Financial ServicesPNC
The vote

How the chamber split

217 yea · 211 nayPassed · 5 not voting
217 yes
211 no
Voted yes213
Rep 212Dem 0
Voted no206
Rep 1Dem 205
See how each member voted· all 419
Voted yes · 213
Aaron BeanR · FL
Andy BarrR · KY
Andy BiggsR · AZ
Ann WagnerR · MO
Ben ClineR · VA
Brad KnottR · NC
Brian JackR · GA
Chip RoyR · TX
Cory MillsR · FL
Don BaconR · NE
Gabe EvansR · CO
Jeff CrankR · CO
Jeff HurdR · CO
Jim JordanR · OH
Joe WilsonR · SC
John JamesR · MI
John JoyceR · PA
Keith SelfR · TX
Kevin HernR · OK
Mike BostR · IL
Mike CareyR · OH
Mike EzellR · MS
Mike FloodR · NE
Mike KellyR · PA
Nancy MaceR · SC
Pat FallonR · TX
Randy FineR · FL
Ron EstesR · KS
Sam GravesR · MO
Tim MooreR · NC
Tom ColeR · OK
Tom EmmerR · MN
Tony WiedR · WI
Vince FongR · CA
Young KimR · CA
Voted no · 206
Adam GrayD · CA
Adam SmithD · WA
Al GreenD · TX
Ami BeraD · CA
Dave MinD · CA
Derek TranD · CA
Dina TitusD · NV
Ed CaseD · HI
Gabe AmoD · RI
Glenn IveyD · MD
Grace MengD · NY
Greg CasarD · TX
Gwen MooreD · WI
Ilhan OmarD · MN
Jason CrowD · CO
Jim CostaD · CA
Joe NeguseD · CO
Josh RileyD · NY
Judy ChuD · CA
Mark PocanD · WI
Mike LevinD · CA
Nellie PouD · NJ
Paul TonkoD · NY
Raul RuizD · CA
Ro KhannaD · CA
Susie LeeD · NV
Ted LieuD · CA
The debate

What each side says

Supporters
  • The rule would hurt community banks and credit unions by reducing a key source of revenue they need to offer free checking and other services.report
  • Overdraft fees are a legitimate way for banks to cover the cost of processing payments when customers spend more than they have.report
  • The government should not set prices for bank services; the market should decide what fees are fair.report
Critics
  • The rule would save consumers billions of dollars in excessive fees, especially those who can least afford them.report
  • Large banks have been charging high overdraft fees that far exceed the actual cost of processing an overdraft.report
  • Canceling the rule leaves consumers without protection from unfair and deceptive overdraft practices.report

Each point links to its source. The views are attributed to those sources, not stated as ours.

Follow the money

From this bill outward

The bill

where every tie is measured from
SJRES 18Cancel new overdraft fee rules for big banksBanking & Financial

Who paid lobbyists to work it

Direct tie24 groups · their total 2025 lobbying
GroupIssues2025 lobbying
(all issues)
Has PAC?
JPMORGAN CHASE HOLDINGS LLCNamed in billBankingAgricultureOther$4.4MJCCP
STATE OF LOC NATION GLOBAL PUBLIC BENEFIT CORPORATIONAdvocacyOtherBanking$80MNo PAC
CHAMBER OF COMMERCE OF THE U.S.A.EnergyBankingForeign$70MNo PAC
NATIONAL ASSOCIATION OF REALTORSReal EstateBankingInsurance$54MNAORPAC
BUSINESS ROUNDTABLE INCEnergyBankingHealth$34MNo PAC
META PLATFORMS, INC. AND VARIOUS SUBSIDIARIESTechSports & MediaBanking$26MNo PAC
AMERICAN HOSPITAL ASSOCIATIONHealthOtherForeign$25MAHAP
AMERICAN MEDICAL ASSOCIATIONHealthForeignOther$23MNo PAC

Election money, in the distance

Background · not tied to this billBanking & Financial PACs -> the members who voted
▲ Voted yes217
0 Dem212 Rep
Banking & Financial PAC receipts$2.6M
  • AMERICAN BANKERS ASSOCIATION PAC (BANKPAC)$423K
  • AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS POLITICAL ACTION COMMITTEE$298K
  • UBS AMERICAS INC. POLITICAL ACTION COMMITTEE (UBS PAC)$208K
  • THE FARM CREDIT COUNCIL POLITICAL ACTION COMMITTEE$192K
  • ERNST & YOUNG POLITICAL ACTION COMMITTEE$163K
  • AMERICA'S CREDIT UNIONS PAC OF CREDIT UNION NATIONAL ASSOCIATION, INC.$144K
  • DELOITTE POLITICAL ACTION COMMITTEE$128K
  • MORTGAGE BANKERS ASSOCIATION POLITICAL ACTION COMMITTEE (MORPAC)$104K
  • REGIONS FINANCIAL CORPORATION POLITICAL ACTION COMMITTEE$80K
  • PRICEWATERHOUSECOOPERS POLITICAL ACTION COMMITTEE I$52K
  • THE GOLDMAN SACHS GROUP, INC. POLITICAL ACTION COMMITTEE$50K
  • STRUCTURED FINANCE COALITION POLITICAL ACTION COMMITTEE (STRUCTURED FINANCE PAC)$40K
  • FEDERAL BIPARTISAN VOLUNTARY PUBLIC AFFAIRS COMMITTEE OF THE PNC FINANCIAL SERVICES GROUP, INC. (PNC$38K
  • NATIONAL ASSOCIATION OF REAL ESTATE INVESTMENT TRUSTS, INC. POLITICAL ACTION COMMITTEE$38K
  • AMERICAN FINANCIAL SERVICES ASSOCIATION PAC$37K
  • WELLS FARGO AND COMPANY EMPLOYEES GOOD GOVERNMENT FEDERAL FUND II$30K
  • INVESTMENT COMPANY INSTITUTE POLITICAL ACTION COMMITTEE (ICI PAC)$30K
  • U.S. BANCORP FEDERAL POLITICAL ACTION COMMITTEE$30K
  • AMERICAN INVESTMENT COUNCIL POLITICAL ACTION COMMITTEE$30K
  • BANK OF AMERICA CORPORATION FEDERAL PAC$30K
  • KPMG PARTNERS/PRINCIPALS AND EMPLOYEES PAC$22K
  • LASTING INVESTMENTS STRENGTHENING AMERICA PAC$20K
  • BLACKROCK FUNDS SERVICES GROUP LLC POLITICAL ACTION COMMITTEE (BLACKROCK PAC)$20K
  • VISA, INC. POLITICAL ACTION COMMITTEE$20K
  • THRIVENT FINANCIAL FOR LUTHERANS POLITICAL ACTION COMMITTEE$20K
  • AMERICAN EXPRESS COMPANY POLITICAL ACTION COMMITTEE (AXPPAC)$20K
  • THE CAPITAL GROUP COMPANIES INC POLITICAL ACTION COMMITTEE$20K
  • SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION POLITICAL ACTION COMMITTEE$20K
  • CAPITAL ONE FINANCIAL CORP. ASSOC. POLITICAL FUND$20K
  • FMR LLC POLITICAL ACTION COMMITTEE - FEDERAL (FIDELITY PAC)$19K
  • HUNTINGTON BANCSHARES INC. POLITICAL ACTION COMMITTEE (HBI-PAC)$18K
  • CITIGROUP INC. PAC - FEDERAL (CITI PAC - FEDERAL)$17K
  • WESTERN ALLIANCE BANCORPORATION POLITICAL ACTION COMMITTEE (WABPAC)$15K
  • CADENCE BANK PAC$13K
  • PINNACLE WEST CAPITAL CORPORATION PAC$12K
  • REVENUE BASED FINANCE COALITION, INC. POLITICAL ACTION COMMITTEE$10K
  • SMALL BUSINESS INVESTOR ALLIANCE PAC$10K
  • CITIZENS FINANCIAL GROUP, INC. POLITICAL ACTION COMMITTEE (CITIZENS PAC)$10K
  • SCHOOLSFIRST FEDERAL CREDIT UNION EMPLOYEES FEDERAL PAC$10K
  • THE CARLYLE GROUP INC. PAC (AKA 'CARLYLE PAC')$10K
  • THE SURETY & FIDELITY ASSOCIATION OF AMERICA POLITICAL ACTION COMMITTEE$10K
  • ALLY FINANCIAL INC. ADVOCACY POLITICAL ACTION COMMITTEE$10K
  • COMMERCIAL REAL ESTATE FINANCE COUNCIL PAC$10K
  • BREAD FINANCIAL HOLDINGS, INC. PAC (AKA BREAD FINANCIAL PAC)$10K
  • FIFTH THIRD BANCORP FEDERAL POLITICAL ACTION COMMITTEE$8K
  • FINANCIAL SERVICES INSTITUTE PAC$8K
  • ATOMIC CREDIT UNION POLITICAL ACTION COMMITTEE (ACU PAC)$6K
  • NATIONAL VENTURE CAPITAL ASSOCIATION VENTUREPAC$6K
  • ZIONS BANCORPORATION PAC$5K
  • TRUIST FINANCIAL CORPORATION FEDERAL PAC (FORMERLY SUNTRUST BANKS, INC. POLITICAL ACTION COMMITTEE)$5K
  • FIRST CAPITAL PAC$4K
  • LPL FINANCIAL LLC POLITICAL ACTION COMMITTEE (LPL PAC)$3K
  • AMERICAN SECURITIES ASSOCIATION POLITICAL ACTION COMMITTEE$1K
Members covered137 / 217
Avg per covered$19K
▼ Voted no211
205 Dem1 Rep
Banking & Financial PAC receipts$2.8M
  • DELOITTE POLITICAL ACTION COMMITTEE$290K
  • ERNST & YOUNG POLITICAL ACTION COMMITTEE$284K
  • AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS POLITICAL ACTION COMMITTEE$247K
  • AMERICAN BANKERS ASSOCIATION PAC (BANKPAC)$228K
  • UBS AMERICAS INC. POLITICAL ACTION COMMITTEE (UBS PAC)$215K
  • PRICEWATERHOUSECOOPERS POLITICAL ACTION COMMITTEE I$198K
  • KPMG PARTNERS/PRINCIPALS AND EMPLOYEES PAC$120K
  • AMERICA'S CREDIT UNIONS PAC OF CREDIT UNION NATIONAL ASSOCIATION, INC.$115K
  • MORTGAGE BANKERS ASSOCIATION POLITICAL ACTION COMMITTEE (MORPAC)$97K
  • THE FARM CREDIT COUNCIL POLITICAL ACTION COMMITTEE$81K
  • INVESTMENT COMPANY INSTITUTE POLITICAL ACTION COMMITTEE (ICI PAC)$79K
  • THRIVENT FINANCIAL FOR LUTHERANS POLITICAL ACTION COMMITTEE$60K
  • BANK OF AMERICA CORPORATION FEDERAL PAC$58K
  • ALLY FINANCIAL INC. ADVOCACY POLITICAL ACTION COMMITTEE$56K
  • NATIONAL ASSOCIATION OF REAL ESTATE INVESTMENT TRUSTS, INC. POLITICAL ACTION COMMITTEE$48K
  • BLACKROCK FUNDS SERVICES GROUP LLC POLITICAL ACTION COMMITTEE (BLACKROCK PAC)$48K
  • WESTERN ALLIANCE BANCORPORATION POLITICAL ACTION COMMITTEE (WABPAC)$45K
  • SYNCHRONY FINANCIAL EMPLOYEES POLITICAL ACTION COMMITTEE (SYNCPAC)$40K
  • MORGAN STANLEY POLITICAL ACTION COMMITTEE$35K
  • AMERICAN FINANCIAL SERVICES ASSOCIATION PAC$33K
  • STRUCTURED FINANCE COALITION POLITICAL ACTION COMMITTEE (STRUCTURED FINANCE PAC)$30K
  • PINNACLE WEST CAPITAL CORPORATION PAC$30K
  • AMERICAN INVESTMENT COUNCIL POLITICAL ACTION COMMITTEE$30K
  • AMERICAN EXPRESS COMPANY POLITICAL ACTION COMMITTEE (AXPPAC)$29K
  • REGIONS FINANCIAL CORPORATION POLITICAL ACTION COMMITTEE$28K
  • CAPITAL ONE FINANCIAL CORP. ASSOC. POLITICAL FUND$20K
  • U.S. BANCORP FEDERAL POLITICAL ACTION COMMITTEE$20K
  • THE CAPITAL GROUP COMPANIES INC POLITICAL ACTION COMMITTEE$20K
  • CITIGROUP INC. PAC - FEDERAL (CITI PAC - FEDERAL)$15K
  • LIVE OAK BANK POLITICAL ACTION COMMITTEE$13K
  • SMALL BUSINESS INVESTOR ALLIANCE PAC$13K
  • LPL FINANCIAL LLC POLITICAL ACTION COMMITTEE (LPL PAC)$10K
  • COMMERCIAL REAL ESTATE FINANCE COUNCIL PAC$10K
  • SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION POLITICAL ACTION COMMITTEE$10K
  • UNITED WHOLESALE MORTGAGE PAC (UWM PAC)$10K
  • FMR LLC POLITICAL ACTION COMMITTEE - FEDERAL (FIDELITY PAC)$10K
  • HUNTINGTON BANCSHARES INC. POLITICAL ACTION COMMITTEE (HBI-PAC)$10K
  • THE CARLYLE GROUP INC. PAC (AKA 'CARLYLE PAC')$10K
  • FIDELITY NATIONAL FINANCIAL INC PAC 2001$10K
  • BMO FINANCIAL CORP GOOD GOVERNANCE FUND: FEDERAL (BMO PAC)$10K
  • FINANCIAL SERVICES INSTITUTE PAC$10K
  • THE GOLDMAN SACHS GROUP, INC. POLITICAL ACTION COMMITTEE$10K
  • CITIZENS FINANCIAL GROUP, INC. POLITICAL ACTION COMMITTEE (CITIZENS PAC)$8K
  • VISA, INC. POLITICAL ACTION COMMITTEE$8K
  • FIFTH THIRD BANCORP FEDERAL POLITICAL ACTION COMMITTEE$8K
  • THE SURETY & FIDELITY ASSOCIATION OF AMERICA POLITICAL ACTION COMMITTEE$8K
  • TRUIST FINANCIAL CORPORATION FEDERAL PAC (FORMERLY SUNTRUST BANKS, INC. POLITICAL ACTION COMMITTEE)$5K
Members covered111 / 211
Avg per covered$25K

Lobbying filings, contributions, and votes are public records shown side by side. The further down the chain, the further the money is from this bill. This page does not assert that money caused any vote.