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S.J.Res. 28

U.S. Senate•Passed

Summary

S.J.Res. 28, “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"”, was introduced in the Senate on Feb 27, 2025 by Sen. Pete Ricketts (R) with 5 co-sponsors. It last saw action on May 9, 2025: Became Public Law No: 119-11. It is now Public Law 119-11.

Record

Text

S.J.Res. 28 has 5 co-sponsors and 3 roll calls.

sjr28/enrolled.txt
SJ 28 ENR: 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”.
 U.S. Senate
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
     One Hundred Nineteenth Congress of the United States of America
     1st Session
     Begun and held at the City of Washington on Friday, the third day of January, two thousand and twenty five
     S. J. RES. 28
     IN THE SENATE OF THE UNITED STATES
     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 .
That Congress disapproves the final rule submitted by the Bureau of Consumer Financial Protection relating to  Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications  (89 Fed. Reg. 99582 (December 10, 2024)), and such rule shall have no force or effect.
  Speaker of the House of Representatives  Vice President of the United States and President of the Senate

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-02-27
  2. Passed Senate2025-03-05
  3. Passed House2025-04-09
  4. Conference
  5. To President2025-05-05
  6. Became Law2025-05-09

CRS Summary

The summaries are the Congressional Research Service’s, one per stage. Read them in full.

Public Law May 9, 2025

sjr28/public-law.md

Shown Here:
Public Law (05/09/2025)

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.

Introduced in Senate Feb 27, 2025

sjr28/introduced-in-senate.md

Shown Here:
Introduced in Senate (02/27/2025)

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.

Sponsors

Sen. Pete Ricketts (R) sponsors S.J.Res. 28, and 5 members have co-sponsored it, 1 of them from the day it was introduced.

Committees

S.J.Res. 28 went before 1 committee: Banking, Housing, and Urban Affairs.

Banking, Housing, and Urban Affairs
Banking, Housing, and Urban Affairs
Discharged From · Mar 4, 2025 · 465 Bills

Actions

S.J.Res. 28 has taken 27 actions since Feb 27, 2025, the latest on May 9, 2025.

ChamberAction
May 9, 2025
Senate
Signed by President.
May 9, 2025
Senate
Became Public Law No: 119-11.
May 5, 2025
Senate
Presented to President.
Apr 9, 202512:24
House
Considered under the provisions of rule H. Res. 294. (consideration: CR H1514-1519)
Apr 9, 202512:24
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.

Votes

S.J.Res. 28 went to 3 roll calls across both chambers, the latest on Apr 9, 2025 at 219–211.

ChamberQuestion
Yea
Nay
Apr 9, 2025
House
On Passage
219
211
Mar 5, 2025
Senate
On the Joint Resolution
51
47
Mar 4, 2025
Senate
On the Motion to Proceed
50
47

3 bills are related to S.J.Res. 28.

HJRES 64Disapproving 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".Feb 27, 2025 · Referred to the House Committee on Financial Services. · Identical billHRES 282Providing for consideration of the joint resolution (S.J. Res. 18) disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions''; providing for consideration of the joint resolution (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''; providing for consideration of the bill (H.R. 1526) to amend title 28, United States Code, to limit the authority of district courts to provide injunctive relief, and for other purposes; providing for consideration of the bill (H.R. 22) to amend the National Voter Registration Act of 1993 to require proof of United States citizenship to register an individual to vote in elections for Federal office, and for other purposes; and for other purposes.Apr 1, 2025 · Motion to reconsider laid on the table Agreed to without objection. · Related billHRES 294Providing for consideration of the joint resolution (S.J. Res. 18) disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions"; providing for consideration of the joint resolution (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"; providing for consideration of the bill (H.R. 1526) to amend title 28, United States Code, to limit the authority of district courts to provide injunctive relief, and for other purposes; providing for consideration of the bill (H.R. 22) to amend the National Voter Registration Act of 1993 to require proof of United States citizenship to register an individual to vote in elections for Federal office, and for other purposes; and for other purposes.Apr 8, 2025 · Motion to reconsider laid on the table Agreed to without objection. · Related bill

Titles

S.J.Res. 28 goes by 2 titles.

  • 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". — Display 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". — Official Title as Introduced

Lobbying

10 clients hired 10 firms and 133 registered lobbyists who named S.J.Res. 28 in 22 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Banking, Taxation/Internal Revenue Code, Budget/Appropriations, Telecommunications, Financial Institutions/Investments/Securities, Labor Issues/Antitrust/Workplace, Trade (domestic/foreign), Science/Technology.

Clients

Who paid to be heard, by how many filings named the bill.

ClientBusinessStateFirmsFilingsReported
CHAMBER OF COMMERCE OF THE U.S.A.—District of Columbia17—
AMERICANS FOR TAX REFORM—District of Columbia13—
APPLE INC—District of Columbia13—
AMERICANS FOR FINANCIAL REFORM—District of Columbia12—
FINANCIAL TECHNOLOGY ASSOCIATIONTrade AssociationVirginia12—
DEMAND PROGRESS ACTION501c4 organizationMaryland11$10K
CRYPTO COUNCIL FOR INNOVATIONTrade association engaged on legal and regulatory matters related to cryptocurrency.California11—
DEMAND PROGRESS ACTION, INC—Maryland11—
SMALL BUSINESS & ENTREPRENEURSHIP COUNCIL (SBE COUNCIL)—Virginia11—
U.S. PUBLIC INTEREST RESEARCH GROUP—District of Columbia11—

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
CHAMBER OF COMMERCE OF THE U.S.A.17—
AMERICANS FOR TAX REFORM13—
APPLE INC.13—
AMERICANS FOR FINANCIAL REFORM12—
FINANCIAL TECHNOLOGY ASSOCIATION12—
CRYPTO COUNCIL FOR INNOVATION11—
DEMAND PROGRESS ACTION, INC11—
KATHERINE OH11$10K
SMALL BUSINESS & ENTREPRENEURSHIP COUNCIL (SBE COUNCIL)11—
U.S. PUBLIC INTEREST RESEARCH GROUP11—

Lobbyists

Named on the filings that cite the bill. The 20 named most often, of 133.

LobbyistFirmsClientsFilings
ABELARDO TORRES117
ANDREA PORWOLL117
ASHLEY GUM117
BRADLEY WATTS117
BRINCE MANNING117
BROOKE MILLER117
CASSIA CARVALHO117
CHAD WHITEMAN117
CHANTEL SHEAKS117
CHRISTOPHER CRENSHAW117
CHRISTOPHER EYLER117
CHRISTOPHER GUITH117
CHRISTOPHER ROBERTI117
CLARK JACKSON117
DAN BYERS117
ERIN DELANEY117
ESPERANZA JELALIAN117
FOXHALL PARKER117
GARY LITMAN117
GERSON ("CHUCK") CHAITOVITZ117

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

ClientRegistrantPeriodReportedDocument
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2026 first_quarter$19.8M1st Quarter - Amendme…
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2026 first_quarter$19.8M1st Quarter - Report
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2025 second_quarter$19.3M2nd Quarter - Report
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2025 first_quarter$19.3M1st Quarter - Report
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2025 fourth_quarter$18M4th Quarter - Report
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2026 second_quarter$17M2nd Quarter - Report
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2025 third_quarter$13.7M3rd Quarter - Report
APPLE INCAPPLE INC.2025 first_quarter$2.5M1st Quarter - Report
APPLE INCAPPLE INC.2025 second_quarter$2.3M2nd Quarter - Amendme…
APPLE INCAPPLE INC.2025 second_quarter$2.3M2nd Quarter - Report
AMERICANS FOR FINANCIAL REFORMAMERICANS FOR FINANCIAL REFORM2025 second_quarter$150K2nd Quarter - Report
AMERICANS FOR FINANCIAL REFORMAMERICANS FOR FINANCIAL REFORM2025 first_quarter$150K1st Quarter - Report
CRYPTO COUNCIL FOR INNOVATIONCRYPTO COUNCIL FOR INNOVATION2025 first_quarter$128K1st Quarter - Report
FINANCIAL TECHNOLOGY ASSOCIATIONFINANCIAL TECHNOLOGY ASSOCIATION2025 second_quarter$110K2nd Quarter - Report
FINANCIAL TECHNOLOGY ASSOCIATIONFINANCIAL TECHNOLOGY ASSOCIATION2025 first_quarter$100K1st Quarter - Report
DEMAND PROGRESS ACTION, INCDEMAND PROGRESS ACTION, INC2025 first_quarter$70K1st Quarter - Report
AMERICANS FOR TAX REFORMAMERICANS FOR TAX REFORM2025 fourth_quarter$60K4th Quarter - Report
AMERICANS FOR TAX REFORMAMERICANS FOR TAX REFORM2025 third_quarter$60K3rd Quarter - Report
AMERICANS FOR TAX REFORMAMERICANS FOR TAX REFORM2025 second_quarter$60K2nd Quarter - Report
SMALL BUSINESS & ENTREPRENEURSHIP COUNCIL (SBE COUNCIL)SMALL BUSINESS & ENTREPRENEURSHIP COUNCIL (SBE COUNCIL)2025 first_quarter$40K1st Quarter - Report

Classification

The Congressional Research Service files S.J.Res. 28 under Finance and Financial Sector, one of its 31 policy areas, and gives it 5 legislative subjects.

CRS Subjects

CRS assigns every bill one policy area from its 31; S.J.Res. 28’s is Finance and Financial Sector.

sjres28/policy-areas.txt
Finance and Financial SectorAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTaxationTransportation and Public WorksWater Resources Development

Legislative Subjects

S.J.Res. 28 carries 5 of CRS’s legislative subjects, from Administrative law and regulatory procedures to Internet, web applications, social media.

sjres28/subjects.txt
Administrative law and regulatory proceduresCongressional oversightConsumer affairsConsumer Financial Protection BureauInternet, web applications, social media

Source: congress.gov · legiscan.com