United States of America: Joint resolution disapproving Consumer Financial Protection rule Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications (SJ Res 28)

Progress

Current status
adopted
09 Apr 2025 adopted
05 Mar 2025 under deliberation
27 Feb 2025 under deliberation

Scope

Implementers
United States of America
Policy Area
Consumer protection
Policy Instrument
User/subject right
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
legislature
Government Body
parliament
Implementation Level
national

Timeline of events

09 Apr 2025
adopted

Congressional resolution nullifying rule on defining larger participants in the digital consumer payment market was adopted by House of Representatives

On 9 April 2025, the House of Representatives adopted a joint resolution (SJ Res 28) under the Congressional Review Act (CRA) to disapprove the final rule submitted by the Consumer Financial Protection Bureau (CFPB) titled "Defining Larger Participa…

Source
Event type law
Action type adoption
Government branch legislature
Government body parliament
05 Mar 2025
under deliberation

Congressional resolution nullifying rule on defining larger participants in the digital consumer payment market was passed by Senate

On 5 March 2025, a joint resolution (SJ Res 28) under the Congressional Review Act (CRA) to disapprove the final rule submitted by the Consumer Financial Protection Bureau (CFPB) titled "Defining Larger Participants of a Market for General-Use Digit…

Source
Event type law
Action type passage
Government branch legislature
Government body parliament
27 Feb 2025
under deliberation

Congressional resolution nullifying rule on defining larger participants in the digital consumer payment market was introduced in Senate

On 27 February 2025, a joint resolution (SJ Res 28) under the Congressional Review Act (CRA) to disapprove the final rule submitted by the Consumer Financial Protection Bureau (CFPB) titled "Defining Larger Participants of a Market for General-Use D…

Source
Event type law
Action type introduction
Government branch legislature
Government body parliament