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".
USA119th CongressSJRES-28| Senate
| Updated: 5/9/2025
Pete Ricketts
Republican Senator
Nebraska
Cosponsors (5)
Banking, Housing, and Urban Affairs Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Congress has enacted a joint resolution to formally disapprove a final rule submitted by the Bureau of Consumer Financial Protection (BCFP). This legislative action specifically targets the rule titled "Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications," which was published in the Federal Register on December 10, 2024. The resolution explicitly states that, due to this congressional disapproval, the BCFP's rule shall have no force or effect . This effectively nullifies the regulation that aimed to define larger entities within the market for digital consumer payment applications, preventing its implementation.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 20.
Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).
Measure laid before Senate by motion. (consideration: CR S1489)
Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 50 - 47. Record Vote Number: 103. (CR S1489)
View VotePassed Senate without amendment by Yea-Nay Vote. 51 - 47. Record Vote Number: 106.
View VoteConsidered by Senate. (consideration: CR S1503, S1510-1511, S1520-1521)
Message on Senate action sent to the House.
Received in the House
Held at the Desk
Rules 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.
Rule H. Res. 282 failed passage of House.
Rules 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.
Considered under the provisions of rule H. Res. 294. (consideration: CR H1514-1519)
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.
DEBATE - The House proceeded with one hour of debate on S.J. Res. 28.
The previous question was ordered pursuant to the rule.
POSTPONED 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.
Considered as unfinished business. (consideration: CR H1532-1533)
On passage Passed by the Yeas and Nays: 219 - 211 (Roll no. 95). (text: CR H1514)
View VoteMotion to reconsider laid on the table Agreed to without objection.
Presented to President.
Signed by President.
Became Public Law No: 119-11.
Finance and Financial Sector
Administrative law and regulatory proceduresCongressional oversightConsumer affairsConsumer Financial Protection BureauInternet, web applications, social media
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".
USA119th CongressSJRES-28| Senate
| Updated: 5/9/2025
Congress has enacted a joint resolution to formally disapprove a final rule submitted by the Bureau of Consumer Financial Protection (BCFP). This legislative action specifically targets the rule titled "Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications," which was published in the Federal Register on December 10, 2024. The resolution explicitly states that, due to this congressional disapproval, the BCFP's rule shall have no force or effect . This effectively nullifies the regulation that aimed to define larger entities within the market for digital consumer payment applications, preventing its implementation.
Suggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 20.
Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).
Measure laid before Senate by motion. (consideration: CR S1489)
Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 50 - 47. Record Vote Number: 103. (CR S1489)
View VotePassed Senate without amendment by Yea-Nay Vote. 51 - 47. Record Vote Number: 106.
View VoteConsidered by Senate. (consideration: CR S1503, S1510-1511, S1520-1521)
Message on Senate action sent to the House.
Received in the House
Held at the Desk
Rules 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.
Rule H. Res. 282 failed passage of House.
Rules 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.
Considered under the provisions of rule H. Res. 294. (consideration: CR H1514-1519)
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.
DEBATE - The House proceeded with one hour of debate on S.J. Res. 28.
The previous question was ordered pursuant to the rule.
POSTPONED 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.
Considered as unfinished business. (consideration: CR H1532-1533)
On passage Passed by the Yeas and Nays: 219 - 211 (Roll no. 95). (text: CR H1514)
View VoteMotion to reconsider laid on the table Agreed to without objection.
Presented to President.
Signed by President.
Became Public Law No: 119-11.
Pete Ricketts
Republican Senator
Nebraska
Cosponsors (5)
Banking, Housing, and Urban Affairs Committee
Finance and Financial Sector
Related Bills
- HRES 119-294: 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.
- HJRES 119-64: 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".
- HRES 119-282: 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.
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Administrative law and regulatory proceduresCongressional oversightConsumer affairsConsumer Financial Protection BureauInternet, web applications, social media