H.J.Res. 122 · 118th Congress
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted…
Full title
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 "Credit Card Penalty Fees (Regulation Z)".
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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
BarrSponsor21 cosponsors · 21 R
R
Luetkemeyer
BP
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Posey
PS
R
Sessions
AW
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Wagner
BD
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Donalds
SF
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Fitzgerald
BF
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Finstad
BH
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Huizenga
JH
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Hill
BL
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Loudermilk
DM
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Meuser
ZZ
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(Zach) Nunn
AS
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Smith
WT
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Timmons
SW
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Womack
RW
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Weber
RW
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Williams
BB
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Babin
RN
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Norman
JR
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Rose
ML
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Lawler4 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This joint resolution nullifies the final rule issued by the Consumer Financial Protection Bureau titled Credit Card Penalty Fees (Regulation Z) and published on March 15, 2024. The rule lowers the safe-harbor cap on certain credit card late fees.
What it does: CRS summary · Introduced in House · Mar 29, 2024
This joint resolution nullifies the final rule issued by the Consumer Financial Protection Bureau titled Credit Card Penalty Fees (Regulation Z) and published on March 15, 2024. The rule lowers the safe-harbor cap on certain credit card late fees. In particular, late fees allowed under safe-harbor provisions must be capped at $8 when charged by a large credit card issuer. This cap is not subject to annual adjustment to reflect inflation.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: 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 "Credit Card Penalty Fees (Regulation Z)".
Latest action (Jul 30, 2024): Placed on the Union Calendar, Calendar No. 516.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Mar 29, 2024
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.