{"format":1,"id":"119-sjres-28","congress":119,"number":"S.J.Res. 28","kind":"joint_resolution","group":"bills","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\".","title_source":"Display Title","official_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\".","titles":[{"type":"Official Title as Introduced","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\"."},{"type":"Display Title","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\"."}],"outcome":"became_law","law_number":"Public Law 119-11","introduced":"2025-02-27","chambers":{"house":{"status":"roll_call","date":"2025-04-09","vote":{"id":"119-2025-h95","question":"On Passage","title":"Disappoving 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”","result":"Passed","yea":219,"nay":211,"present":0,"not_voting":3,"source":"https://clerk.house.gov/evs/2025/roll095.xml"}},"senate":{"status":"roll_call","date":"2025-03-05","vote":{"id":"119-2025-s106","question":"On the Joint Resolution","title":"S.J. Res. 28","result":"Joint Resolution Passed","yea":51,"nay":47,"present":0,"not_voting":2,"source":"https://www.senate.gov/legislative/LIS/roll_call_votes/vote1191/vote_119_1_00106.xml"}}},"president":{"status":"signed","date":"2025-05-09"},"vice_president_tie_breaker":null,"latest_action":{"text":"Became Public Law No: 119-11.","date":"2025-05-09"},"nominees":null,"amendments":[],"other_votes":[{"chamber":"senate","date":"2025-03-04","question":"On the Motion to Proceed","title":"Motion to Proceed to S.J. Res. 28","result":"Motion to Proceed Agreed to","yea":50,"nay":47,"present":0,"not_voting":3,"kind":"procedural","source":"https://www.senate.gov/legislative/LIS/roll_call_votes/vote1191/vote_119_1_00103.xml"}],"crs_summary":{"date":"2025-05-09","stage":"Public Law","blocks":[{"k":"p","t":"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."}],"words":86},"summary":{"main_subject":{"text":"Disapproves the Bureau of Consumer Financial Protection's final rule on defining larger participants of a market for general-use digital consumer payment applications, so that the rule has no force or effect.","cites":[{"label":"Text","href":"https://www.congress.gov/bill/119th-congress/senate-joint-resolution/28/text/enr#HA605F242F6D84A37B29B8C3303B9A36E"}]},"core_areas":["Congressional disapproval of a Bureau of Consumer Financial Protection rule on general-use digital consumer payment applications"],"what_it_does":[{"text":"States that Congress disapproves the final rule submitted by the Bureau of Consumer Financial Protection titled \"Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications\" (89 Fed. Reg. 99582, December 10, 2024).","cite":{"label":"Text","href":"https://www.congress.gov/bill/119th-congress/senate-joint-resolution/28/text/enr#HA605F242F6D84A37B29B8C3303B9A36E"}},{"text":"Provides that the disapproved rule shall have no force or effect.","cite":{"label":"Text","href":"https://www.congress.gov/bill/119th-congress/senate-joint-resolution/28/text/enr#HA605F242F6D84A37B29B8C3303B9A36E"}}],"unexpected":[],"version":{"type":"Enrolled Bill","date":null,"rule":"enrolled","href":"https://www.congress.gov/bill/119th-congress/senate-joint-resolution/28/text/enr"},"current":true,"model":"claude-sonnet-5-5","approved":"2026-09-29","approved_by":"checks"},"sources":{"congress_gov":"https://www.congress.gov/bill/119th-congress/senate-joint-resolution/28","text":"https://www.congress.gov/bill/119th-congress/senate-joint-resolution/28/text"},"card":{"image":"card/item/119-sjres-28.png","v":"283f333cbee6","alt":"Votes on Record. S.J.Res. 28, 119th Congress: 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\". House: 219 Yea, 211 Nay. Senate: 51 Yea, 47 Nay. Outcome: Became law, 9 May 2025."}}