S J Res 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". - National Key Vote
Timeline
- House Joint Resolution Passed
- April 9, 2025
- Senate Joint Resolution Passed
- March 4, 2025
- Introduced
- Feb. 27, 2025
Related Issues
Stage Details
Title: 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".
Vote Smart's Synopsis:
Vote to adopt a joint resolution that repeals and 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 non-banks with an annual volume of at least 50 million transactions, and that are not small business concerns.
Title: 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".
Vote Smart's Synopsis:
Vote to adopt a joint resolution that repeals and 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 non-banks with an annual volume of at least 50 million transactions, and that are not small business concerns.
More Info About this Vote
NOTE: RESOLUTIONS ARE USED PRIMARILY TO EXPRESS THE SENSE OF THE CHAMBER THAT THEY ARE INTRODUCED OR PASSED IN. THEY ONLY HAVE THE FORCE OF THE CHAMBER PASSING IT. THEY ARE NOT SIGNED BY THE PRESIDENT AND CAN NOT BECOME PUBLIC LAW.
Title: 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".
More Info About this Vote
NOTE: RESOLUTIONS ARE USED PRIMARILY TO EXPRESS THE SENSE OF THE CHAMBER THAT THEY ARE INTRODUCED OR PASSED IN. THEY ONLY HAVE THE FORCE OF THE CHAMBER PASSING IT. THEY ARE NOT SIGNED BY THE PRESIDENT AND CAN NOT BECOME PUBLIC LAW.