Loading chat...
US HJR64
Joint Resolution
Status
2/27/2025
Primary Sponsor
Mike Flood
Click for details
AI Summary
-
Congressional disapproval resolution under the Congressional Review Act targeting a Consumer Financial Protection Bureau (CFPB) rule published December 10, 2024 (89 Fed. Reg. 99582)
-
The targeted CFPB rule defines "larger participants" in the market for general-use digital consumer payment applications, which would subject major digital payment platforms to CFPB supervision and examination
-
If enacted, the resolution would nullify the CFPB rule entirely, rendering it without force or effect
-
Introduced February 27, 2025 by Rep. Flood with bipartisan cosponsors including Reps. Meuser, Kim, Downing, and Steil; referred to House Financial Services Committee
Legislative Description
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".
Finance and financial sector
Last Action
Referred to the House Committee on Financial Services.
2/27/2025