119th Congress Finance and Financial Sector
H.J.Res. 64: 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
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
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.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Troy Downing R-MTOriginal
- Young Kim R-CAOriginal
- Daniel Meuser R-PAOriginal
- Bryan Steil R-WIOriginal
- Barry Loudermilk R-GA
- Tim Moore R-NC
- Garland Barr R-KY
Who scored on this bill
No member has earned points from it yet.
See all scorers and every scoring event
Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by Mike Flood
- H.R. 7128: TRIA Program Reauthorization Act of 2026
- H.R. 8671: Bank Fraud Technology Advancement Act of 2026
- H.R. 6547: Least Cost Exception Act
- H.R. 3339: Equal Opportunity for All Investors Act of 2025
- H.J.Res. 109: Disapproval of Securities and Exchange Commission rule: Staff Accounting Bulletin No. 121
- H.R. 2797: Equal Opportunity for All Investors Act of 2023
History
- Introduced in the House by Mike Flood.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Financial Services.