Bills · 119th Congress · Finance and Financial Sector

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".

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Roll calls on this bill

Votes on passage
HouseOn Passage · 4/9/25PassageThe vote on whether this chamber approves the measure — usually by a simple majority of those voting. It becomes law only once both chambers pass the same text and the president signs it, or Congress overrides a veto.House: The Legislative Process ↗
Passed
  • Democratic0 Yea · 211 Nay · 2 Not voting
  • Republican218 Yea · 0 Nay · 1 Not voting
  • Independent / Other1 Yea · 0 Nay · 0 Not voting
SenateOn the Joint Resolution · 3/5/25Joint resolutionA vote to pass a joint resolution. Like a bill, it becomes law once both chambers pass it and the president signs it — except a proposed constitutional amendment, which needs two-thirds of each chamber and ratification by three-quarters of the states.Senate glossary: joint resolution ↗
Joint Resolution Passed
  • Democratic0 Yea · 44 Nay · 1 Not voting
  • Republican51 Yea · 1 Nay · 1 Not voting
  • Independent / Other0 Yea · 2 Nay · 0 Not voting
Official summary (CRS)

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.

Full text on congress.gov ↗
Sponsor
Sen. Pete Ricketts ( Republican · NE)
Cosponsors
5
Introduced
2/27/25
Policy area
Finance and Financial Sector
Status
2/27/25Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2/27/25Introduced in Senate
3/4/25Measure laid before Senate by motion. (consideration: CR S1489)
3/4/25Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 50 - 47. Record Vote Number: 103. (CR S1489)
3/4/25Placed on Senate Legislative Calendar under General Orders. Calendar No. 20.
3/4/25Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).
3/5/25Passed Senate without amendment by Yea-Nay Vote. 51 - 47. Record Vote Number: 106.
3/5/25Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 51 - 47. Record Vote Number: 106.
3/5/25Considered by Senate. (consideration: CR S1503, S1510-1511, S1520-1521)
3/6/25Message on Senate action sent to the House.
3/10/25Held at the Desk
3/10/25Received in the House
4/1/25Rule H. Res. 282 failed passage of House.
4/1/25Rules 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.
4/7/25Rules 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.
4/9/25Motion to reconsider laid on the table Agreed to without objection.
4/9/25On passage Passed by the Yeas and Nays: 219 - 211 (Roll no. 95). (text: CR H1514)
4/9/25Passed/agreed to in House: On passage Passed by the Yeas and Nays: 219 - 211 (Roll no. 95). (text: CR H1514: 2)
4/9/25Considered as unfinished business. (consideration: CR H1532-1533)
4/9/25POSTPONED 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.
4/9/25The previous question was ordered pursuant to the rule.
4/9/25DEBATE - The House proceeded with one hour of debate on S.J. Res. 28.
4/9/25Rule 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.
4/9/25Considered under the provisions of rule H. Res. 294. (consideration: CR H1514-1519)
5/5/25Presented to President.
5/9/25Became Public Law No: 119-11.
5/9/25Signed by President.