Banking, Housing, and Urban Affairs Committee
- Referred To
- Discharged From
Introduced: Feb 27, 2025
Latest action date: May 9, 2025
Latest development
Became Public Law No: 119-11.
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Status detail: Congress.gov records that the measure became law.
Plain-language overview
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.
Official summary from Congress.gov.
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Official CRS policy area
Finance and Financial Sector
Committees and subcommittees that received, reviewed, marked up, or reported this legislation.
Proposed changes to this measure, with their latest official outcome or action from Congress.gov.
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Checked against Congress.gov Oct 26, 2026.
Newest action first. Action language comes from the official Congress.gov record.
Became Public Law No: 119-11.
Signed by President.
Signed by President.
Became Public Law No: 119-11.
Presented to President.
Presented to President.
Motion to reconsider laid on the table Agreed to without objection.
Passed/agreed to in House: On passage Passed by the Yeas and Nays: 219 - 211 (Roll no. 95). (text: CR H1514: 2)
On passage Passed by the Yeas and Nays: 219 - 211 (Roll no. 95). (text: CR H1514)
Considered as unfinished business. (consideration: CR H1532-1533)
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.
The previous question was ordered pursuant to the rule.
DEBATE - The House proceeded with one hour of debate on S.J. Res. 28.
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)
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.
Rule H. Res. 282 failed passage of House.
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.
Held at the Desk
Received in the House
Message on Senate action sent to the House.
Considered by Senate. (consideration: CR S1503, S1510-1511, S1520-1521)
Passed Senate without amendment by Yea-Nay Vote. 51 - 47. Record Vote Number: 106.
Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 51 - 47. Record Vote Number: 106.
Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 50 - 47. Record Vote Number: 103. (CR S1489)
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)
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).
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Recorded House and Senate votes connected to this bill. Your representatives appear first when available.
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