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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".

USA119th CongressHJRES-64| House 
| Updated: 2/27/2025
Mike Flood

Mike Flood

Republican Representative

Nebraska

Cosponsors (7)
Young Kim (Republican)Barry Loudermilk (Republican)Daniel Meuser (Republican)Andy Barr (Republican)Troy Downing (Republican)Tim Moore (Republican)Bryan Steil (Republican)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This joint resolution seeks to nullify a specific final rule issued by the Bureau of Consumer Financial Protection . The rule, titled "Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications," was published in the Federal Register on December 10, 2024. By disapproving this rule, Congress intends to prevent its implementation and ensure it holds no legal authority. Consequently, the provisions outlined in the BCFP's rule regarding the oversight of larger digital payment application providers would not take effect.
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Timeline
Feb 27, 2025
Introduced in House
Feb 27, 2025
Referred to the House Committee on Financial Services.
May 9, 2025

Latest Companion Bill Action

SJRES 119-28
Signed by President.
  • February 27, 2025
    Introduced in House


  • February 27, 2025
    Referred to the House Committee on Financial Services.


  • May 9, 2025

    Latest Companion Bill Action

    SJRES 119-28
    Signed by President.

Finance and Financial Sector

Related Bills

  • SJRES 119-28: 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".
Administrative law and regulatory proceduresCongressional oversightConsumer affairsConsumer Financial Protection BureauInternet, web applications, social media

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".

USA119th CongressHJRES-64| House 
| Updated: 2/27/2025
This joint resolution seeks to nullify a specific final rule issued by the Bureau of Consumer Financial Protection . The rule, titled "Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications," was published in the Federal Register on December 10, 2024. By disapproving this rule, Congress intends to prevent its implementation and ensure it holds no legal authority. Consequently, the provisions outlined in the BCFP's rule regarding the oversight of larger digital payment application providers would not take effect.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Feb 27, 2025
Introduced in House
Feb 27, 2025
Referred to the House Committee on Financial Services.
May 9, 2025

Latest Companion Bill Action

SJRES 119-28
Signed by President.
  • February 27, 2025
    Introduced in House


  • February 27, 2025
    Referred to the House Committee on Financial Services.


  • May 9, 2025

    Latest Companion Bill Action

    SJRES 119-28
    Signed by President.
Mike Flood

Mike Flood

Republican Representative

Nebraska

Cosponsors (7)
Young Kim (Republican)Barry Loudermilk (Republican)Daniel Meuser (Republican)Andy Barr (Republican)Troy Downing (Republican)Tim Moore (Republican)Bryan Steil (Republican)

Financial Services Committee

Finance and Financial Sector

Related Bills

  • SJRES 119-28: 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
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Administrative law and regulatory proceduresCongressional oversightConsumer affairsConsumer Financial Protection BureauInternet, web applications, social media