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119th Congress Finance and Financial Sector

S.J.Res. 28: 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"

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".

Became LawPublic Law 119-11, signed May 9, 2025

  1. Introduced (completed)Feb 27, 2025
  2. Passed Senate (completed)Mar 5, 2025, 51–47
  3. Passed House (completed)Apr 9, 2025, 219–211
  4. To the President (completed)May 5, 2025
  5. Became law (completed)May 9, 2025

Summary

Public Law, May 9, 2025

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.

Key votes

House final vote, Apr 9, 2025

On Passage

Passed 219–211

Yea 219majority 216Nay 211

  • Democrats0 yea, 211 nay
  • Republicans218 yea, 0 nay
  • Independents1 yea, 0 nay
See how all 430 members voted

Showing 433 of 433 members

Yea 219

Republicans (218)

Independents (1)

Nay 211

Democrats (211)

Not voting 3

Republicans (1)

Democrats (2)

Senate final vote, Mar 5, 2025

On the Joint Resolution

Passed 51–47

Yea 51majority 50Nay 47

  • Democrats0 yea, 44 nay
  • Republicans51 yea, 1 nay
  • Independents0 yea, 2 nay

Broke with their party: Joshua Hawley (R-MO) voted Nay

See how all 98 members voted

Showing 100 of 100 members

Yea 51

Nay 47

Republicans (1) broke with their party

Independents (2)

Not voting 2

Republicans (1)

Democrats (1)

Roll calls

3 votes on this bill

Showing 3 of 3 roll calls

  • Apr 9, 2025HouseOn PassageFinal passagePassed, yea-nay 219–211
    Roll call 95 tally by party
    PartyYeaNayPresentNot voting
    Democrats021102
    Republicans218001
    Independents1000
    Total21921103

    House roll call 95: On Passage. Passed.

    How each member voted (433)
  • Mar 5, 2025SenateOn the Joint ResolutionFinal passagePassed, yea-nay 51–47
    Roll call 106 tally by party
    PartyYeaNayPresentNot voting
    Democrats04401
    Republicans51101
    Independents0200
    Total514702

    Senate roll call 106: On the Joint Resolution. Joint Resolution Passed.

    1 crossed party lines: 1 Republican

    How each member voted (100)
  • Mar 4, 2025SenateMotion to proceedPassed, yea-nay 50–47
    Roll call 103 tally by party
    PartyYeaNayPresentNot voting
    Democrats04401
    Republicans50102
    Independents0200
    Total504703

    Senate roll call 103: On the Motion to Proceed. Motion to Proceed Agreed to.

    1 crossed party lines: 1 Republican

    How each member voted (100)

Amendments

0 offered

No amendments were offered to this bill.

Cosponsors

5

Who scored on this bill

186 points earned
  1. 1Pete Ricketts R-NE SponsorIntroduced, discharged, passed Senate, passed House, became law5 events+154
  2. 2Joshua Hawley R-MO2 maverick votes2 events+12
  3. 3Jim Banks R-INCosponsored; cosponsored bill passed2 events+4
  4. 3Ted Budd R-NCCosponsored; cosponsored bill passed2 events+4
  5. 3Deb Fischer R-NECosponsored; cosponsored bill passed2 events+4
See all scorers and every scoring event

Introductions and cosponsorships count toward weekly caps and show no points.

Other bills by Pete Ricketts

History

  1. May 9, 2025Signed by the President. Became Public Law 119-11.
  2. May 5, 2025Presented to the President.
  3. Apr 9, 2025Passed the House, 219–211.
  4. Mar 5, 2025Passed the Senate, 51–47.
  5. Feb 27, 2025Introduced in the Senate by Pete Ricketts.
Show the full action history (27 actions)
  1. May 9, 2025Signed by President.
  2. May 9, 2025Became Public Law No: 119-11.
  3. May 5, 2025Presented to President.
  4. Apr 9, 2025Considered under the provisions of rule H. Res. 294. (consideration: CR H1514-1519)
  5. Apr 9, 2025Rule 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.
  6. Apr 9, 2025DEBATE - The House proceeded with one hour of debate on S.J. Res. 28.
  7. Apr 9, 2025The previous question was ordered pursuant to the rule.
  8. Apr 9, 2025POSTPONED 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.
  9. Apr 9, 2025Considered as unfinished business. (consideration: CR H1532-1533)
  10. Apr 9, 2025Passed/agreed to in House: On passage Passed by the Yeas and Nays: 219 - 211 (Roll no. 95). (text: CR H1514: 2)
  11. Apr 9, 2025On passage Passed by the Yeas and Nays: 219 - 211 (Roll no. 95). (text: CR H1514)
  12. Apr 9, 2025Motion to reconsider laid on the table Agreed to without objection.
  13. Apr 7, 2025Rules 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.
  14. Apr 1, 2025Rules 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.
  15. Apr 1, 2025Rule H. Res. 282 failed passage of House.
  16. Mar 10, 2025Received in the House
  17. Mar 10, 2025Held at the Desk
  18. Mar 6, 2025Message on Senate action sent to the House.
  19. Mar 5, 2025Considered by Senate. (consideration: CR S1503, S1510-1511, S1520-1521)
  20. Mar 5, 2025Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 51 - 47. Record Vote Number: 106.
  21. Mar 5, 2025Passed Senate without amendment by Yea-Nay Vote. 51 - 47. Record Vote Number: 106.
  22. Mar 4, 2025Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).
  23. Mar 4, 2025Placed on Senate Legislative Calendar under General Orders. Calendar No. 20.
  24. Mar 4, 2025Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 50 - 47. Record Vote Number: 103. (CR S1489)
  25. Mar 4, 2025Measure laid before Senate by motion. (consideration: CR S1489)
  26. Feb 27, 2025Introduced in Senate
  27. Feb 27, 2025Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.