# 119-sjres-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".

119-sjres-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"., is a 119th Congress bill sponsored by Sen. Ricketts, Pete [R-NE] (R-NE); status became_law; PRIA reads it as touching household money (as of 2026-07-29).

- Canonical: https://policyrisk.com/legislation/119-sjres-28
- As of: 2026-07-29
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-sjres-28
- Congress: 119
- 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".
- Status: became_law
- Introduced: 2025-02-27
- Sponsor: Sen. Ricketts, Pete [R-NE] (R-NE)
- Cosponsors: 5
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-07-29

## Summary

**Invalidates the CFPB rule that tried to define who counts as 'larger participants' in the market for general-use digital consumer payment applications.** It prevents the Bureau of Consumer Financial Protection from using that rule to classify or regulate larger participants in that payments market.

## Cosponsors (5)

- Sen. Budd, Ted [R-NC] (R-NC), 2025-02-27T00:00:00.000Z
- Sen. Banks, Jim [R-IN] (R-IN), 2025-03-03T00:00:00.000Z
- Sen. Hagerty, Bill [R-TN] (R-TN), 2025-03-03T00:00:00.000Z
- Sen. Fischer, Deb [R-NE] (R-NE), 2025-03-04T00:00:00.000Z
- Sen. Scott, Tim [R-SC] (R-SC), 2025-03-04T00:00:00.000Z

## Votes

| Date | Chamber | Question | Result | Yea | Nay |
| --- | --- | --- | --- | --- | --- |
| 2025-04-09T00:00:00.000Z | house | On Passage | Passed | 219 | 211 |
| 2025-03-05T16:49:00.000Z | senate | On the Joint Resolution S.J.Res. 28 | Joint Resolution Passed | 51 | 47 |
| 2025-03-04T17:58:00.000Z | senate | On the Motion to Proceed S.J.Res. 28 | Motion to Proceed Agreed to | 50 | 47 |

## Provisions PRIA read

- Rule for big payment apps canceled: mixed, high. The law cancels the Consumer Financial Protection Bureau rule for large, general-use payment apps. It disapproves the final rule published December 10, 2024 (89 Fed. Reg. 99582). The rule now has no force or effect. The Bureau cannot implement, enforce, or rely on it to define larger participants.…

## Related bills

- 119-s-3752: SAVE America Act
- 119-s-401: Fair Access to Banking Act
- 119-s-84: Sarah's Law
- 119-s-587: Death Tax Repeal Act of 2025
- 119-s-186: No Taxpayer Funding for Abortion and Abortion Insurance Full Disclosure Act of 2025
- 119-s-1404: Combating Organized Retail Crime Act

## Sources
- [119-sjres-28 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-joint-resolution/28)

## Related
- [119-s-3752: SAVE America Act](https://policyrisk.com/legislation/119-s-3752)
- [119-s-401: Fair Access to Banking Act](https://policyrisk.com/legislation/119-s-401)
- [119-s-84: Sarah's Law](https://policyrisk.com/legislation/119-s-84)
- [119-s-587: Death Tax Repeal Act of 2025](https://policyrisk.com/legislation/119-s-587)
- [119-s-186: No Taxpayer Funding for Abortion and Abortion Insurance Full Disclosure Act of…](https://policyrisk.com/legislation/119-s-186)
- [119-s-1404: Combating Organized Retail Crime Act](https://policyrisk.com/legislation/119-s-1404)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-sjres-28 (as of 2026-07-29).