To prohibit card issuers and financial institutions from imposing certain fees on covered persons during any period during which appropriations are not in effect for the operations of one or more Federal agencies, and for other purposes.

Bill ID: 119/hr/5953
Last Updated: November 7, 2025

Sponsored by

Rep. Jacobs, Sara [D-CA-51]

ID: J000305

Follow the money

The bill

To prohibit card issuers and financial institutions from imposing certain fees on covered persons during any period during which appropriations are not in effect for the operations of one or more Federal agencies, and for other purposes.

HR. 5953, 119th Congress — read as touching Commercial Banks.

The sponsor

Rep. Jacobs, Sara [D-CA-51]

Every bill has someone who introduced it. That name is where the paper trail starts.

The money

$82,900 raised

28 itemised contributions to this sponsor, pulled from FEC filings.

The alignment

70% match to Project 2025

This bill's text tracks the "Department of the Treasury" section, p. 748-751 of the Mandate for Leadership.

Bill's Journey to Becoming a Law

Track this bill's progress through the legislative process

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Introduced

📍 Current Status

Next: The bill will be reviewed by relevant committees who will debate, amend, and vote on it.

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Committee Review

🗳️

Floor Action

✅

Passed Senate

🏛️

House Review

🎉

Passed Congress

🖊️

Presidential Action

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Became Law

📚 How does a bill become a law?

1. Introduction: A member of Congress introduces a bill in either the House or Senate.

2. Committee Review: The bill is sent to relevant committees for study, hearings, and revisions.

3. Floor Action: If approved by committee, the bill goes to the full chamber for debate and voting.

4. Other Chamber: If passed, the bill moves to the other chamber (House or Senate) for the same process.

5. Conference: If both chambers pass different versions, a conference committee reconciles the differences.

6. Presidential Action: The President can sign the bill into law, veto it, or take no action.

7. Became Law: If signed (or if Congress overrides a veto), the bill becomes law!

Bill Summary

Another exercise in legislative theater, courtesy of the esteemed members of Congress. Let's dissect this farce, shall we?

HR 5953, the "Protect Military and Federal Employees from Unfair Bank Fees Act," is a masterclass in Orwellian doublespeak. The title screams "we care about our troops!" while the bill itself is a Trojan horse for special interests.

The real disease here is not the fees imposed by financial institutions but the chronic cowardice of lawmakers who can't muster the courage to pass a clean appropriations bill. Instead, they attach riders like this one, which has nothing to do with funding government operations and everything to do with currying favor with the banking lobby.

Now, let's examine the symptoms:

* Total funding amounts? Not mentioned in this bill. It's all about the optics, folks. * Key programs and agencies receiving funds? Nope, not a word. This is a policy rider masquerading as an appropriations bill. * Notable increases or decreases from previous years? Ha! The only notable thing here is the increase in Congressional hypocrisy. * Riders or policy provisions attached to funding? Ah, yes! This one's a doozy. It prohibits financial institutions from imposing certain fees on "covered persons" during a government shutdown. Because, you know, that's exactly what our troops and federal employees are worried about when they're not getting paid – overdraft fees. * Fiscal impact and deficit implications? *crickets*

The real diagnosis here is a bad case of " politician-itis," characterized by an inability to prioritize the nation's interests over special interest groups. This bill is a Band-Aid on a bullet wound, designed to make lawmakers look good while doing nothing to address the underlying issues.

In short, HR 5953 is a cynical exercise in legislative manipulation, exploiting the public's goodwill towards our military and federal employees to advance the interests of the banking lobby. It's a symptom of a larger disease: the corruption and cowardice that pervades our political system.

Now, if you'll excuse me, I have better things to do than watch this farce unfold. Like diagnosing actual diseases.

Related Topics

Federal Budget & AppropriationsMilitary & Veterans Affairs
Generated using Llama 3.1 70B (Dr. Haus personality)

💰 Campaign Finance Network

Rep. Jacobs, Sara [D-CA-51]

Congress 119 • 2024 Election Cycle

Total Contributions
$82,900
25 donors
PACs
$0
Organizations
$15,900
Committees
$0
Individuals
$67,000

No PAC contributions found

1
SYCUAN BAND OF THE KUMEYAAY NATION
2 transactions
$6,600
2
SAN MANUEL BAND OF MISSION INDIANS
1 transaction
$3,300
3
BARONA BAND OF MISSION INDIANS
1 transaction
$2,000
4
SANTA YNEZ BAND OF MISSION INDIANS
1 transaction
$1,000
5
MORONGO BAND OF MISSION INDIANS
1 transaction
$1,000
6
ONEIDA NATION
1 transaction
$1,000
7
POARCH BAND OF CREEK INDIANS
1 transaction
$1,000

No committee contributions found

1
WILSON, MIKAYLA
2 transactions
$6,600
2
BLUE, ALLEN
2 transactions
$6,600
3
JACOBS, MARA
1 transaction
$4,300
4
HESS, LAWRENCE
1 transaction
$3,300
5
HESS, SUZANNE
1 transaction
$3,300
6
MOORES, JENNIFER
1 transaction
$3,300
7
LAHLOU, R'NELLE
1 transaction
$3,300
8
ANDERSON, JENNIFER
1 transaction
$3,300
9
BARTON, RICK
1 transaction
$3,300
10
CEDERQUIST, GARY
1 transaction
$3,300
11
GAFFEN, YEHUDI
1 transaction
$3,300
12
RICE, SPEEDY
1 transaction
$3,300
13
ROGERS, JAMES F.
1 transaction
$3,300
14
CHERRY, ADAM
1 transaction
$3,300
15
HAIDER, JASON
1 transaction
$3,300
16
SCHREIBER, BRETT
1 transaction
$3,300
17
COHN, KAREN
1 transaction
$3,300
18
CLARKE, JUDY
1 transaction
$3,300

Donor Network - Rep. Jacobs, Sara [D-CA-51]

PACs
Organizations
Individuals
Politicians

Hub layout: Politicians in center, donors arranged by type in rings around them.

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Showing 64 nodes and 28 connections (72 secondary connections hidden)

Total contributions: $82,900

Top Donors - Rep. Jacobs, Sara [D-CA-51]

Showing top 25 donors by contribution amount

7 Orgs18 Individuals

Industry Impact

Which industries are materially affected by specific provisions in this bill. 2 harmed.

  • −Commercial Banksconfidence 0.90

    Section 2(a) prohibits financial institutions from imposing fees on accounts held by covered persons during a covered period (government shutdown) related to insufficient funds. This directly restricts fee revenue for commercial banks and other financial institutions.

  • −Big Tech Platformsconfidence 0.60

    Section 2(b) prohibits card issuers from imposing fees or charges on covered persons for failure to make a payment by the due date if such payment was due during a covered period. This could affect big tech platforms that issue co-branded credit cards (e.g., Apple Card, Amazon Store Card) as card issuers, limiting their ability to charge late fees during government shutdowns.

Project 2025 Policy Matches

This bill shows semantic similarity to the following sections of the Project 2025 policy document.AI-enhanced analysis provides detailed alignment ratings.

Department of the Treasury

Moderate
Vector: 62%
Pages: 748-751AI Enhanced

AI Analysis:

"Both the bill and the Project 2025 Treasury section concern the regulation of financial institutions, but the bill focuses on consumer fee protections during government shutdowns while the Treasury section emphasizes anti‑money laundering, beneficial ownership reporting, and ESG considerations, resulting in only moderate thematic overlap."

Key themes:financial institutions regulationconsumer protectionfee restrictionsTreasury oversight

— 715 — Department of the Treasury 67. On banks, credit unions, broker-dealers, and other financial institutions as normally understood, but note that 31 U.S. Code §5312(a)(2) also defines “financial institutions” to include money service businesses; insurance companies; jewelers; pawnbrokers; travel agencies; dealers in automobiles, airplanes, and boats; persons involved in real estate closings and settlements; casinos; and telegraph companies. 68. David R. Burton, “The Corporate Transparency Act and the ILLICIT CASH Act,” Heritage Foundation Backgrounder No. 3449, November 7, 2019, https://www.heritage.org/sites/default/files/2019-11/BG3449_0. pdf, and David R. Burton to AnnaLou Tirol, Financial Crimes Enforcement Network, “Re: Beneficial Ownership Information Reporting Requirements,” Comment, May 5, 2021 http://thf_media.s3.amazonaws.com/2022/ Regulatory_Comments/FINCEN-2021-0005-0132_attachment_1.pdf (accessed March 19, 2023). 69. Burton comment, ibid. 70. Federal Register, Vol. 87, No. 189, September 30, 2022, pp. 59498–59596. 71. U.S. Department of the Treasury, Fiscal Year 2022–2026 Strategic Plan. 72. Ibid. 73. United Nations, “Paris Agreement,” 2015, https://unfccc.int/files/essential_background/convention/ application/pdf/english_paris_agreement.pdf (accessed March 20, 2023). 74. United Nations, “United Nations Framework Convention on Climate Change,” GE.5–62220, 1992, https://unfccc. int/resource/docs/convkp/conveng.pdf (accessed March 20, 2023). 75. “What Is ESG?” ESG Hurts, https://esghurts.com/ (accessed March 22, 2023), and Samuel Gregg, “Why Business Should Dispense with ESG,” American Institute for Economic Research, December 4, 2022, https:// www.aier.org/article/why-business-should-dispense-with-esg/ (accessed March 22, 2023). 76. PRI Association, “What are the Principles for Responsible Investment?” https://www.unpri.org/about-us/ what-are-the-principles-for-responsible-investment (accessed March 22, 2023). The PRI Association is a U.N.- affiliated non-governmental organization. See also PRI Association, “Articles of Association of PRI Association,” Art. 9, November 14, 2016, https://d8g8t13e9vf2o.cloudfront.net/Uploads/g/e/r/2016-11-14-Articles-of- Association-of-PRI-Association-.pdf (accessed March 22, 2023).

Financial Regulatory Agencies

Weak
Vector: 61%
Pages: 872-874AI Enhanced

AI Analysis:

"The bill focuses on protecting consumers from certain bank fees during government shutdowns, which is a consumer protection measure. Project 2025's Financial Regulatory Agencies section seeks to weaken or abolish the CFPB and reduce consumer protection oversight, representing opposing directions despite both addressing financial regulation and consumer fees."

Key themes:financial regulationconsumer protectionbank feesCFPB oversight

— 839 — Financial Regulatory Agencies On February 27, 2023, the Supreme Court granted the petition for a writ of certiorari.51 The Court should issue its final decision by 2024. The CFPB is a highly politicized, damaging, and utterly unaccountable federal agency.52 It is unconstitutional. Congress should abolish the CFPB and reverse Dodd–Frank Section 1061, thus returning the consumer protection function of the CFPB to banking regulators53 and the Federal Trade Commission. Provided the Supreme Court affirms the Fifth Circuit holding in Community Financial Ser- vices Association of America, the next conservative President should order the immediate dissolution of the agency—pull down its prior rules, regulations and guidance, return its staff to their prior agencies and its building to the General Services Administration. Until this can be accomplished, however, Congress should: l Ensure that any civil penalty funds not used to recompense wronged consumers go to the Department of the Treasury. The funds should not be retained by the Bureau to be dispensed at the pleasure of the Director— potentially to political actors. Moreover, the CFPB should not have a financial incentive to impose penalties. l Repeal Dodd–Frank Section 1071. This section, which relates to small- business data collection, imposes requirements on financial institutions’ lending to small firms, raises costs, and limits small businesses’ access to capital.54 l Require that no CFPB funds are spent on enforcement actions that are not based on a rulemaking that complies with the Administrative Procedure Act.55 l Require that respondents in administrative actions be allowed to elect whether an adjudication occurs in an administrative law court or an ordinary Article III federal court.56 l Specify the nature of “deceptive, unfair, and abusive” practices to define the scope of the CFPB mission more precisely. — 840 — Mandate for Leadership: The Conservative Promise ENDNOTES 1. H.R. 5480, Securities Act of 1933, Public Law No. 73-22, 73rd Congress, May 27, 1933, https://govtrackus. s3.amazonaws.com/legislink/pdf/stat/48/STATUTE-48-Pg74.pdf (accessed February 20, 2023). 2. H.R. 9323, Securities Exchange Act of 1934, Public Law No. 73-291, 73rd Congress, June 6, 1934, https:// govtrackus.s3.amazonaws.com/legislink/pdf/stat/48/STATUTE-48-Pg881a.pdf (accessed February 20, 2023). 3. Mark T. Uyeda, Commissioner, U.S. Securities and Exchange Commission, “Remarks at the 2022 Cato Summit on Financial Regulation,” November 17, 2022, https://www.sec.gov/news/speech/uyeda-remarks- cato-summit-financial-regulation-111722 (accessed February 20, 2023); Hester M. Peirce, Commissioner, U.S. Securities and Exchange Commission, “It’s Not Just Scope 3: Remarks at the American Enterprise Institute,” December 7, 2022, https://www.sec.gov/news/speech/peirce-remarks-american-enterprise-institute-120722 (accessed February 20, 2023); comment letter from David R. Burton to Vanessa A. Countryman, Secretary, Securities and Exchange Commission, “Re: The Enhancement and Standardization of Climate-Related Disclosures for Investors [File No. S7-10-2; Release No. 33-11042; RIN 3235-AM87],” June 17, 2022, https://www. sec.gov/comments/s7-10-22/s71022-20131980-302443.pdf (accessed February 20, 2023). 4. Size would probably be measured best by public float or the number of beneficial owners. 5. See David R. Burton, “Securities Disclosure Reform,” Heritage Foundation Backgrounder No. 3178, February 13, 2017, https://www.heritage.org/sites/default/files/2017-02/BG3178.pdf; David R. Burton, “Offering and Disclosure Reform,” Chapter 11 in Reframing Financial Regulation: Enhancing Stability and Protecting Consumers, ed. Hester Peirce and Benjamin Klutsey (Arlington, VA: Mercatus Center at George Mason University, 2016), pp. 277–315, https://www.mercatus.org/research/books/reframing-financial-regulation (accessed February 20, 2023); Andrew N. Vollmer, “Investor-Friendly Securities Reform to Increase Economic Growth,” Securities Regulation & Law Report, Bloomberg BNA, Vol. 49, June 5, 2017. 6. See, for example, David R. Burton, “Reforming the Securities and Exchange Commission,” Heritage Foundation Backgrounder No. 3378, January 30, 2019, https://www.heritage.org/sites/default/files/2019-01/ BG3378.pdf; Andrew N. Vollmer, “Testimony on Workforce Management Disclosures and Other SEC Issues,” submitted to the Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets, Committee on Financial Services, U.S. House of Representatives, December 6, 2022, https://www.congress.gov/117/ meeting/house/115227/witnesses/HHRG-117-BA16-Wstate-VollmerA-20221208.pdf (accessed February 20, 2023); David R. Burton, “Reforming FINRA,” Heritage Foundation Backgrounder No. 3181, February 1, 2017, https://www.heritage.org/sites/default/files/2017-02/BG3181.pdf; Hester Peirce, “The Financial Industry Regulatory Authority: Not Self-Regulation After All,” Mercatus Center at George Mason University Working Paper, January 2015, https://www.mercatus.org/research/working-papers/financial-industry-regulatory- authority-not-self-regulation-after-all (accessed February 20, 2023); Thaya Brook Knight, “Transparency and Accountability at the SEC and at FINRA,” Chapter 11 in Prosperity Unleashed: Smarter Financial Regulation, ed. Norbert J. Michel, (Washington: The Heritage Foundation, 2017) https://www.heritage.org/sites/default/ files/2017-02/11_ProsperityUnleashed_Chapter11.pdf. 7. Reorganization Plan No. 10 of 1950, U.S. Code Title 5—Appendix, Reorganization Plans, http://uscode.house. gov/view.xhtml?req=granuleid:USC-prelim-title5a-node84-leaf114&num=0&edition=prelim (accessed February 20, 2023). 8. The board or commission should evaluate the regulatory functions of the National Securities Exchanges, Registered Securities Future Product Exchanges, Registered Clearing Agencies (such as the Depository Trust Company (DTC), the National Securities Clearing Corporation (NSCC) and the Options Clearing Corporation (OCC)), the Municipal Securities Rulemaking Board (MSRB) and the National Futures Association (NFA). This board or commission should have a broad composition and permit minority reports. 9. Boyden Gray & Associates, Comments Submitted on Behalf of Alliance for Fair Board Recruitment Concerning the Nasdaq Stock Market LLC; Notice of Filing of Proposed Rule Change to Adopt Listing Rules Related to Board Diversity, Amendment No. 1, File No. SR-NASDAQ-2020-081, April 6, 2021 https://www.sec.gov/ comments/sr-nasdaq-2020-081/srnasdaq2020081-8639478-230941.pdf (accessed February 20, 2023); David R. Burton, “Nasdaq’s Proposed Board-Diversity Rule Is Immoral and Has No Basis in Economics,” Heritage Foundation Backgrounder No. 3591, March 9, 2021, https://www.heritage.org/sites/default/ files/2021-03/BG3591_0.pdf. The SEC is contemplating at least two rules that can be expected to require differential treatment based on race, sex, ethnicity, and so on. See Executive Office of the President, Office

Financial Regulatory Agencies

Weak
Vector: 61%
Pages: 872-874AI Enhanced

AI Analysis:

"The bill addresses consumer protection from unfair bank fees, while Project 2025 seeks to abolish the CFPB and reduce consumer protection oversight; they share a topical focus on financial consumer protection but diverge in policy direction."

Key themes:consumer protectionbank feesfinancial regulationunfair practices

— 839 — Financial Regulatory Agencies On February 27, 2023, the Supreme Court granted the petition for a writ of certiorari.51 The Court should issue its final decision by 2024. The CFPB is a highly politicized, damaging, and utterly unaccountable federal agency.52 It is unconstitutional. Congress should abolish the CFPB and reverse Dodd–Frank Section 1061, thus returning the consumer protection function of the CFPB to banking regulators53 and the Federal Trade Commission. Provided the Supreme Court affirms the Fifth Circuit holding in Community Financial Ser- vices Association of America, the next conservative President should order the immediate dissolution of the agency—pull down its prior rules, regulations and guidance, return its staff to their prior agencies and its building to the General Services Administration. Until this can be accomplished, however, Congress should: l Ensure that any civil penalty funds not used to recompense wronged consumers go to the Department of the Treasury. The funds should not be retained by the Bureau to be dispensed at the pleasure of the Director— potentially to political actors. Moreover, the CFPB should not have a financial incentive to impose penalties. l Repeal Dodd–Frank Section 1071. This section, which relates to small- business data collection, imposes requirements on financial institutions’ lending to small firms, raises costs, and limits small businesses’ access to capital.54 l Require that no CFPB funds are spent on enforcement actions that are not based on a rulemaking that complies with the Administrative Procedure Act.55 l Require that respondents in administrative actions be allowed to elect whether an adjudication occurs in an administrative law court or an ordinary Article III federal court.56 l Specify the nature of “deceptive, unfair, and abusive” practices to define the scope of the CFPB mission more precisely.

Showing 3 of 5 policy matches

About These Correlations

Policy matches are calculated using a hybrid approach: initial candidates are found using semantic similarity between bill summaries and Project 2025 policy text, then an AI model (Llama 3.1 70B) provides detailed alignment ratings and analysis. Ratings range from 1 (minimal alignment) to 5 (very strong alignment). This analysis does not imply direct causation or intent.

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