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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".
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.
House floor actionsConsidered under the provisions of rule H. Res. 294. (consideration: CR H1514-1519)
Library of CongressPassed/agreed to in House: On passage Passed by the Yeas and Nays: 219 - 211 (Roll no. 95). (text: CR H1514: 2)
Floor Vote
House floor actionsRules 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 floor actionsRules 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.
House floor actionsReceived in the House
SenateMessage on Senate action sent to the House.
SenateConsidered by Senate. (consideration: CR S1503, S1510-1511, S1520-1521)
SenateSenate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).
Library of CongressIntroduced in Senate
SenateRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced
Committee
Comments
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What Congress Said
Members who spoke about this bill on the floor, in their own words from the Congressional Record.
Republicans12 spoke
During consideration of this resolution, all time yielded is for the purpose of debate only.
I rise today in strong support of this resolution to overturn the Consumer Financial Protection Bureau's deeply flawed final rule on larger participants in general-use digital payment applications.
I rise in opposition to this rule. As many of you might know, for over 2 years now I have been championing the cause to allow new female Members of Congress the right to vote. Some of the American people might be surprised that if you are a female Member and you have a child, that you can't vote.
So I encourage my colleagues to vote for the CRA. It will help roll back this unnecessary regulation. This is a regulation the CFPB put forward without even defining what market they were going to regulate. They gave misleading information that somehow, it would only cost $25,000.
First of all, I rise in full support of this rule. As I told my good friends in the Rules Committee today, you are not going to lecture me on compassion. You are not going to lecture me on being kind to the poor and the forgotten.
For the information of all Senators, Senators should expect one vote at 11 a.m. on cloture on the Blanche nomination and two votes at 3:45 p.m.: confirmation of the Blanche nomination and passage of S.J. Res. 28, Senator Ricketts' digital consumer payments CRA.
I rise today in support of S.J. Res. 28, a joint resolution to overturn the CFPB's final rule targeting larger participants in general-use digital consumer payment applications.
The gentlewoman just said that the Speaker is very much in support of family values, yet he has a problem with allowing new moms and dads to be able to vote by proxy. He seems to have no problem with Republican Members flying to the West Coast, filming comedy shows in Hollywood, and voting by proxy.
I rise today in strong opposition to S.J. Res. 28, a partisan Congressional Review Act resolution that will block the Consumer Financial Protection Bureau from supervising payment apps offered by Big Tech firms like Apple and Google.
I will take 1 minute or 2 to talk about the other regulation because, after Members vote against the first of these resolutions, you are going to feel so good that you are going to want to vote against the second one.
I want to start by saying welcome back to my friends across the aisle. It is really nice to have them back here in the people's House, especially after last week.
That promissory note was that he told the American people on day one, inflation would go down. Prices would go down on day one, he said. Instead, what the President has done is, unleashed an economic chaos on the American people.
I rise in opposition today to the Republicans' voter suppression act. This bill is not about election integrity. This is not about ensuring that only citizens vote. This is about making it impossible for people and new voters to vote.
My amendment would prevent this bill from being implemented unless we get certification that it would not bar a single married woman in this country who is eligible to vote from the ballot box.
I rise on behalf of the Dads Caucus in support of Representative Luna's and Representative Pettersen's proxy voting bill that will allow new parents to spend a limited time, 12 weeks, with a newborn child. That is all we are asking.
Literally, the Freedom Caucus could teach a clinic on Speaker hostage taking. If you don't like the bill, vote against it. Is the Freedom Caucus the only one with power? Is Chip Roy the only one who sits in these seats with power?
The Consumer Financial Protection Bureau, known as CFPB, was created for one reason: to protect everyday people from getting ripped off, especially when tech companies start acting like banks.
I rise to explain why new moms cannot proxy vote. The issue is very simple, and the answer is even simpler to understand. It is because men don't have children.
Comments
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