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Banking, Housing, and Urban Affairs Committee
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S.J.Res. 28Became law
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, 2025
Latest action date: May 9, 2025
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Became law
Congress.gov records that the measure became law.
Introduced
Feb 27, 2025
Latest action
May 9, 2025
Recorded roll calls
0
Civixly topics
What this legislation is about
Civixly topics make federal and state legislation comparable. They are derived from the official CRS policy area and legislative subjects.
Official CRS policy area
Finance and Financial Sector
View 5 official legislative subjects
Administrative law and regulatory proceduresCongressional oversightConsumer affairsConsumer Financial Protection BureauInternet, web applications, social media
Bill 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.
Committee activity
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Official committee record ↗
Amendments
Proposed changes to this measure, with their latest official outcome or action from Congress.gov.
No amendments are listed for this measure.
Checked against Congress.gov Sep 14, 2026.
Action timeline
Newest action first. Action language comes from the official Congress.gov record.
View full action timeline31 actions
Became Public Law No: 119-11.
PresidentLibrary of CongressBecame Public Law No: 119-11.
BecameLawLibrary of CongressSigned by President.
PresidentLibrary of CongressSigned by President.
BecameLawLibrary of CongressPresented to President.
FloorHouse floor actionsPresented to President.
PresidentLibrary of CongressMotion to reconsider laid on the table Agreed to without objection.
FloorHouse floor actionsOn passage Passed by the Yeas and Nays: 219 - 211 (Roll no. 95). (text: CR H1514)
FloorHouse floor actionsPassed/agreed to in House: On passage Passed by the Yeas and Nays: 219 - 211 (Roll no. 95). (text: CR H1514: 2)
FloorLibrary of CongressConsidered as unfinished business. (consideration: CR H1532-1533)
FloorHouse floor actionsPOSTPONED 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.
FloorHouse floor actionsThe previous question was ordered pursuant to the rule.
FloorHouse floor actionsDEBATE - The House proceeded with one hour of debate on S.J. Res. 28.
FloorHouse floor actionsRule 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.
FloorHouse floor actionsConsidered under the provisions of rule H. Res. 294. (consideration: CR H1514-1519)
FloorHouse floor actionsRules 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.
FloorHouse floor actionsRule H. Res. 282 failed passage of House.
FloorHouse floor actionsRules 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.
FloorHouse floor actionsHeld at the Desk
FloorHouse floor actionsReceived in the House
FloorHouse floor actionsMessage on Senate action sent to the House.
FloorSenateConsidered by Senate. (consideration: CR S1503, S1510-1511, S1520-1521)
FloorSenatePassed Senate without amendment by Yea-Nay Vote. 51 - 47. Record Vote Number: 106.
FloorSenatePassed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 51 - 47. Record Vote Number: 106.
FloorLibrary of CongressMeasure laid before Senate by motion. (consideration: CR S1489)
FloorSenateMotion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 50 - 47. Record Vote Number: 103. (CR S1489)
FloorSenatePlaced on Senate Legislative Calendar under General Orders. Calendar No. 20.
CalendarsSenateSenate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).
DischargeSenateSenate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).
CommitteeLibrary of CongressRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.
IntroReferralSenateIntroduced in Senate
IntroReferralLibrary of Congress
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