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".
Sponsor
Pete Ricketts
Republican · NE
What S.J.Res. 28 does
The Consumer Financial Protection Bureau (CFPB) had issued a rule, published December 10, 2024, that identified which payment app companies are "larger participants" and so subject to the bureau's supervision. It covered nonbanks handling at least 50 million transactions a year that are not small businesses. S.J.Res. 28 became law and nullifies that rule.
How the House voted
Passed · April 9, 2025On Passage: S J RES 28 Disappoving 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” · Roll no. 95 · Official record
How the Senate voted
Passed · March 5, 20251 Republican broke with their party to vote no
Josh HawleyOn the Joint Resolution S.J.Res. 28 · Record vote 106 · Official record
SJRES28 Legislative Journey
Signed into Law
May 9, 2025
Became Public Law No: 119-11.
+3 more actions this day
Action Taken
May 5, 2025
Presented to President.
House: Passed 219-211
Apr 9, 2025
On passage Passed by the Yeas and Nays: 219 - 211 (Roll no. 95). (text: CR H1514)
+8 more actions this day
House: Committee Action
Apr 7, 2025
Rules 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.
House: Failed
Apr 1, 2025
Rule H. Res. 282 failed passage of House.
+1 more action this day
House: Action Taken
Mar 10, 2025
Held at the Desk
Senate: Action Taken
Mar 5, 2025
Passed/agreed to in Senate: On the Joint Resolution S.J.Res. 28: Joint Resolution Passed 51 - 47 (Record Vote Number: 106).
About the Sponsor
Pete Ricketts
Republican, NE · 3 years in Congress
Committees: Foreign Relations, Environment and Public Works, Banking, Housing, and Urban Affairs
View full profile →
Cosponsors at time of passage (5)
All 5 cosponsors are Republicans. Cosponsors represent 5 states: Indiana, North Carolina, Nebraska, and 2 more.
Committee Sponsors
Banking, Housing, and Urban Affairs Committee
3 of 24 committee members cosponsored at the time
S.J.Res. 28 Quick Facts
- Committee
- Banking, Housing, and Urban Affairs
- Chamber
- Senate
- Policy
- Finance and Financial Sector
- Introduced
- Feb 27, 2025
Became Public Law No: 119-11.
May 9, 2025
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S.J.Res. 28 Bill Text
“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”.”
Source: U.S. Government Publishing Office
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