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US SJR28

Joint Resolution

Official Source

Status

Passed

5/9/2025

Primary Sponsor

Pete Ricketts

Click for details

Origin

Senate

119th Congress

AI Summary

  • Congress disapproves and nullifies the Consumer Financial Protection Bureau (CFPB) rule on "Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications"
  • The targeted rule was published in the Federal Register on December 10, 2024 (89 Fed. Reg. 99582)
  • The resolution renders the CFPB rule without force or effect upon passage
  • Uses the Congressional Review Act to overturn a federal agency regulation through joint resolution

Legislative Description

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".

Finance and financial sector

Last Action

Became Public Law No: 119-11.

5/9/2025

Committee Referrals

Banking, Housing, And Urban Affairs2/27/2025

Full Bill Text

No bill text available