A joint resolution 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".
- Introduced Feb 27
- Committee Feb 27
- Passed Senate Mar 5
- Passed House Apr 9
- To President May 5
- Law May 9
Where it stands
Law since May 9, 2025Introduced Feb 27, 2025, law 71 days later
537d ago May 9, 2025: Became Public Law No: 119-11.
Final votes
House 219-211
Senate 51-47
3 roll calls on this bill
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Votes
House roll 95
On Passage
R 219-0 D 0-211
219-211
Passed
Senate roll 106
Passed Senate without amendment
Totals only
51-47
Passed
Procedural votes1
Senate roll 103
Motion to proceed to consideration of measure
Totals only
50-47
Agreed to
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Summary
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.
Library of Congress summary, May 9, 2025
Summary versions
- Public LawMay 9, 2025
- Introduced in SenateFeb 27, 2025
Actions
- Signed by President.May 9, 2025
- Became Public Law No: 119-11.May 9, 2025
- HousePresented to President.May 5, 2025
- HouseMotion to reconsider laid on the table Agreed to without objection.Apr 9, 2025
- HouseOn passage Passed by the Yeas and Nays: 219 - 211 (Roll no. 95). (text: CR H1514)Apr 9, 2025
- HouseConsidered as unfinished business. (consideration: CR H1532-1533)Apr 9, 2025
- HousePOSTPONED PROCEEDINGS - At the conclusion of debate on S.J. Res. 28, the Chair put the question on passage of the joint resolution and by voice vote, announced that the ayes had prevailed. Mr. Hill (AR) demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.Apr 9, 2025
- HouseThe previous question was ordered pursuant to the rule.Apr 9, 2025
- HouseDEBATE - The House proceeded with one hour of debate on S.J. Res. 28.Apr 9, 2025
- HouseRule provides for consideration of S.J. Res. 18, S.J. Res. 28, H.R. 1526 and H.R. 22. The resolution provides for consideration of H.R. 22, H.R. 1526, S.J. Res. 18, and S.J. Res. 28 under a closed rule. The resolution provides for one hour of debate on each measure and one motion to recommit on H.R. 22 and H.R. 1526, and one motion to commit on S.J. Res. 18 and S.J. Res. 28.Apr 9, 2025
- HouseConsidered under the provisions of rule H. Res. 294. (consideration: CR H1514-1519)Apr 9, 2025
- HouseRules Committee Resolution H. Res. 294 Reported to House. Rule provides for consideration of S.J. Res. 18, S.J. Res. 28, H.R. 1526 and H.R. 22. The resolution provides for consideration of H.R. 22, H.R. 1526, S.J. Res. 18, and S.J. Res. 28 under a closed rule. The resolution provides for one hour of debate on each measure and one motion to recommit on H.R. 22 and H.R. 1526, and one motion to commit on S.J. Res. 18 and S.J. Res. 28.Apr 7, 2025
All actions25
- HouseRule H. Res. 282 failed passage of House.Apr 1, 2025
- HouseRules Committee Resolution H. Res. 282 Reported to House. Rule provides for consideration of H.R. 22, H.R. 1526, S.J. Res. 18 and S.J. Res. 28. The resolution provides for consideration of H.R. 22, H.R. 1526, S.J. Res. 18, and S.J. Res. 28 under a closed rule. The resolution provides for one hour of debate on each measure and one motion to recommit on H.R. 22 and H.R. 1526, and one motion to commit on S.J. Res. 18 and S.J. Res. 28. The resolution also provides that H. Res. 23 and H. Res. 164 are laid on the table.Apr 1, 2025
- HouseHeld at the DeskMar 10, 2025
- HouseReceived in the HouseMar 10, 2025
- SenateMessage on Senate action sent to the House.Mar 6, 2025
- SenateConsidered by Senate. (consideration: CR S1503, S1510-1511, S1520-1521)Mar 5, 2025
- SenatePassed Senate without amendment by Yea-Nay Vote. 51 - 47. Record Vote Number: 106.Mar 5, 2025
- SenateSenate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).Mar 4, 2025
- SenatePlaced on Senate Legislative Calendar under General Orders. Calendar No. 20.Mar 4, 2025
- SenateMotion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 50 - 47. Record Vote Number: 103. (CR S1489)Mar 4, 2025
- SenateMeasure laid before Senate by motion. (consideration: CR S1489)Mar 4, 2025
- SenateIntroduced in SenateFeb 27, 2025
- SenateRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.Feb 27, 2025
Bill record
Text versions5
- Public LawMay 10, 2025PDF: Public Law
- Engrossed in SenateMar 5, 2025PDF: Engrossed in Senate
- Placed on Calendar SenateMar 4, 2025PDF: Placed on Calendar Senate
- Introduced in SenateFeb 27, 2025PDF: Introduced in Senate
- Enrolled BillUndatedPDF: Enrolled Bill
Committees1
- Senate Banking, Housing, and Urban Affairs CommitteeDischarged From Mar 4, 2025Referred To, Feb 27, 2025
Sponsor and cosponsors5 cosponsors
- Sen. Pete Ricketts (R-NE)Sponsor, Feb 27, 2025
- Ted Budd (R-NC)OriginalJoined Feb 27, 2025
- Bill Hagerty (R-TN)Joined Mar 3, 2025
- Jim Banks (R-IN)Joined Mar 3, 2025
- Deb Fischer (R-NE)Joined Mar 4, 2025
- Tim Scott (R-SC)Joined Mar 4, 2025
Amendments0
No amendments offered
Cost estimates and reports0
No cost estimate or committee report yet
Titles1
Official titles
- A joint resolution 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".Official Title as Introduced
Subjects6
Policy area
Legislative subjects
Administrative law and regulatory proceduresCongressional oversightConsumer Financial Protection BureauConsumer affairsInternet, web applications, social media
Related bills3
- H.J.Res. 64 119th, Identical bill, Public law contains the text 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".
- H.Res. 282 119th, Related bill, Procedurally related 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.
- H.Res. 294 119th, Related bill, Procedurally related 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.
Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 28, 2026.