Money & Votes · Banking & Financial
$4.5 million in Banking & Financial PAC money was in the room for the vote on S.J.Res. 18
196 members who voted on S.J.Res. 18 also banked banking & financial PAC money in the 2024 cycle. Who got what, and how they voted.
· U.S. Wealth Watcher
224 members who cast a yes or no vote took banking & financial PAC money in the 2024 cycle. The biggest recipients are shown; the full list is on the bill page.
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.
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
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.
Money lens
Banking & Financial money, split by party
▲ Voted yes217
0 Dem212 Rep
Banking & Financial PAC receipts$2.6M▸
- AMERICAN BANKERS ASSOCIATION PAC (BANKPAC)$628K
- UBS AMERICAS INC. POLITICAL ACTION COMMITTEE (UBS PAC)$220K
- AMERICA'S CREDIT UNIONS PAC OF CREDIT UNION NATIONAL ASSOCIATION, INC.$190K
- AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS POLITICAL ACTION COMMITTEE$190K
- DELOITTE POLITICAL ACTION COMMITTEE$160K
- ERNST & YOUNG POLITICAL ACTION COMMITTEE$143K
- THE FARM CREDIT COUNCIL POLITICAL ACTION COMMITTEE$103K
- MORTGAGE BANKERS ASSOCIATION POLITICAL ACTION COMMITTEE (MORPAC)$100K
- REGIONS FINANCIAL CORPORATION POLITICAL ACTION COMMITTEE$84K
- INVESTMENT COMPANY INSTITUTE POLITICAL ACTION COMMITTEE (ICI PAC)$70K
- NATIONAL ASSOCIATION OF REAL ESTATE INVESTMENT TRUSTS, INC. POLITICAL ACTION COMMITTEE$60K
- INDEPENDENT COMMUNITY BANKERS OF AMERICA POLITICAL ACTION COMMITTEE$58K
- HUNTINGTON BANCSHARES INC. POLITICAL ACTION COMMITTEE (HBI-PAC)$50K
- CAPITAL ONE FINANCIAL CORP. ASSOC. POLITICAL FUND$50K
- TRUIST FINANCIAL CORPORATION FEDERAL PAC (FORMERLY SUNTRUST BANKS, INC. POLITICAL ACTION COMMITTEE)$48K
- PINNACLE WEST CAPITAL CORPORATION PAC$45K
- THE CARLYLE GROUP INC. PAC (AKA 'CARLYLE PAC')$39K
- THE CAPITAL GROUP COMPANIES INC POLITICAL ACTION COMMITTEE$35K
- FEDERAL BIPARTISAN VOLUNTARY PUBLIC AFFAIRS COMMITTEE OF THE PNC FINANCIAL SERVICES GROUP, INC. (PNC$31K
- AMERICAN FINANCIAL SERVICES ASSOCIATION PAC$30K
- U.S. BANCORP FEDERAL POLITICAL ACTION COMMITTEE$30K
- CITIGROUP INC. PAC - FEDERAL (CITI PAC - FEDERAL)$30K
- PRICEWATERHOUSECOOPERS POLITICAL ACTION COMMITTEE I$30K
- SMALL BUSINESS INVESTOR ALLIANCE PAC$24K
- AMERICAN INVESTMENT COUNCIL POLITICAL ACTION COMMITTEE$20K
- BANK OF AMERICA CORPORATION FEDERAL PAC$20K
- AMERICAN EXPRESS COMPANY POLITICAL ACTION COMMITTEE (AXPPAC)$20K
- LPL FINANCIAL LLC POLITICAL ACTION COMMITTEE (LPL PAC)$18K
- WELLS FARGO AND COMPANY EMPLOYEES GOOD GOVERNMENT FEDERAL FUND II$10K
- HSBC TECHNOLOGY AND SERVICES USA INC. FEDERAL PAC (HSBC FEDERAL PAC)$10K
- UNITED WHOLESALE MORTGAGE PAC (UWM PAC)$10K
- COMMERCE BANCSHARES, INC., PAC$10K
- MORGAN STANLEY POLITICAL ACTION COMMITTEE$10K
- COMMUNITY BANCSHARES OF MISSISSIPPI INC. POLITICAL ACTION COMMITTEE$7K
- FIRST CAPITAL PAC$3K
- SECURITY FINANCE CORPORATION OF SPARTANBURG AND AFFILIATES POLITICAL ACTION COMMITTEE$3K
Members covered122 / 217
Avg per covered$21K
▼ Voted no211
205 Dem1 Rep
Banking & Financial PAC receipts$2.0M▸
- UBS AMERICAS INC. POLITICAL ACTION COMMITTEE (UBS PAC)$368K
- DELOITTE POLITICAL ACTION COMMITTEE$250K
- AMERICAN BANKERS ASSOCIATION PAC (BANKPAC)$158K
- AMERICA'S CREDIT UNIONS PAC OF CREDIT UNION NATIONAL ASSOCIATION, INC.$155K
- AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS POLITICAL ACTION COMMITTEE$150K
- PRICEWATERHOUSECOOPERS POLITICAL ACTION COMMITTEE I$105K
- NATIONAL ASSOCIATION OF REAL ESTATE INVESTMENT TRUSTS, INC. POLITICAL ACTION COMMITTEE$100K
- INVESTMENT COMPANY INSTITUTE POLITICAL ACTION COMMITTEE (ICI PAC)$85K
- ERNST & YOUNG POLITICAL ACTION COMMITTEE$80K
- TRUIST FINANCIAL CORPORATION FEDERAL PAC (FORMERLY SUNTRUST BANKS, INC. POLITICAL ACTION COMMITTEE)$53K
- REGIONS FINANCIAL CORPORATION POLITICAL ACTION COMMITTEE$43K
- THE FARM CREDIT COUNCIL POLITICAL ACTION COMMITTEE$40K
- CAPITAL ONE FINANCIAL CORP. ASSOC. POLITICAL FUND$40K
- THE CARLYLE GROUP INC. PAC (AKA 'CARLYLE PAC')$35K
- BLACKROCK FUNDS SERVICES GROUP LLC POLITICAL ACTION COMMITTEE (BLACKROCK PAC)$30K
- SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION POLITICAL ACTION COMMITTEE$30K
- MORGAN STANLEY POLITICAL ACTION COMMITTEE$30K
- BANK OF AMERICA CORPORATION FEDERAL PAC$20K
- PINNACLE WEST CAPITAL CORPORATION PAC$20K
- U.S. VENTURE INC. PAC$18K
- THRIVENT FINANCIAL FOR LUTHERANS POLITICAL ACTION COMMITTEE$12K
- INFIN, A FINANCIAL SERVICES ALLIANCE, INC. PAC ('INFIN PAC')$11K
- AMERICAN FINANCIAL SERVICES ASSOCIATION PAC$10K
- AMERICAN INVESTMENT COUNCIL POLITICAL ACTION COMMITTEE$10K
- MORTGAGE BANKERS ASSOCIATION POLITICAL ACTION COMMITTEE (MORPAC)$10K
- FIRST AMERICAN FINANCIAL CORPORATION PAC$10K
- FIDELITY NATIONAL FINANCIAL INC PAC 2001$10K
- ALLY FINANCIAL INC. ADVOCACY POLITICAL ACTION COMMITTEE$10K
- KPMG PARTNERS/PRINCIPALS AND EMPLOYEES PAC$10K
- AMERICAN EXPRESS COMPANY POLITICAL ACTION COMMITTEE (AXPPAC)$10K
- FEDERAL BIPARTISAN VOLUNTARY PUBLIC AFFAIRS COMMITTEE OF THE PNC FINANCIAL SERVICES GROUP, INC. (PNC$10K
- HUNTINGTON BANCSHARES INC. POLITICAL ACTION COMMITTEE (HBI-PAC)$10K
- TD BANK N.A. POLITICAL ACTION COMMITTEE$10K
- SMALL BUSINESS INVESTOR ALLIANCE PAC$10K
- STRUCTURED FINANCE COALITION POLITICAL ACTION COMMITTEE (STRUCTURED FINANCE PAC)$10K
- THE CAPITAL GROUP COMPANIES INC POLITICAL ACTION COMMITTEE$10K
- THE PRIVATE INVESTOR COALITION, INC. POLITICAL ACTION COMMITTEE$10K
- SYNCHRONY FINANCIAL EMPLOYEES POLITICAL ACTION COMMITTEE (SYNCPAC)$10K
- LPL FINANCIAL LLC POLITICAL ACTION COMMITTEE (LPL PAC)$10K
- THE HARTFORD FINANCIAL SERVICES GROUP, INC. FEDERAL PAC (AKA HARTFORD ADVOCATES FEDERAL FUND)$10K
- UNITED WHOLESALE MORTGAGE PAC (UWM PAC)$10K
- INDEPENDENT COMMUNITY BANKERS OF AMERICA POLITICAL ACTION COMMITTEE$8K
- DISCOVER FINANCIAL SERVICES POLITICAL ACTION COMMITTEE$5K
- COMMERCE BANCSHARES, INC., PAC$5K
Members covered102 / 211
Avg per covered$20K
See all 224 members and the full breakdown on the S.J.Res. 18 bill page →
This is an automatically generated timeline of dated public records. It states facts and implies nothing about any decision or motive. Correlation is not causation.
We report from public records and published reporting. Appearing here is not an allegation of wrongdoing.
Sources
Primary records