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H.J.Res. 64

U.S. House•In House Committee

Summary

H.J.Res. 64, “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 House on Feb 27, 2025 by Rep. Mike Flood (R) with 7 co-sponsors. It was referred to Financial Services, and last saw action on Feb 27, 2025: Referred to the House Committee on Financial Services.

Record

Text

H.J.Res. 64 has 7 co-sponsors.

hjr64/introduced-in-house.txt
119 HJ 64 IH: 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. House of Representatives
 2025-02-27
 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.
 IA  119th CONGRESS  1st Session  H. J. RES. 64  IN THE HOUSE OF REPRESENTATIVES   February 27, 2025   Mr. Flood  (for himself,  Mr. Meuser ,  Mrs. Kim ,  Mr. Downing , and  Mr. Steil ) submitted the following joint resolution; which was referred to the  Committee on Financial Services    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.

Tracker

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

  1. Introduced2025-02-27
  2. Passed House
  3. Passed Senate
  4. Conference
  5. To President
  6. Became Law

CRS Summary

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

Introduced in House Feb 27, 2025

hjr64/introduced-in-house.md

Shown Here:
Introduced in House (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

Rep. Mike Flood (R) sponsors H.J.Res. 64, and 7 members have co-sponsored it, 4 of them from the day it was introduced.

Committees

H.J.Res. 64 went before 1 committee: Financial Services.

Financial Services
Financial Services
Referred To · Feb 27, 2025 · 559 Bills

Actions

H.J.Res. 64 has taken 2 actions since Feb 27, 2025.

ChamberAction
Feb 27, 2025
House
Introduced in House
Feb 27, 2025
House
Referred to the House Committee on Financial Services.Financial Services Committee

Votes

H.J.Res. 64 has not gone to a roll call.

1 bill is related to H.J.Res. 64, as Identical bill.

Titles

H.J.Res. 64 goes by 2 titles.

  • 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
  • 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

Lobbying

3 clients hired 3 firms and 144 registered lobbyists who named H.J.Res. 64 in 12 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 Budget/Appropriations, Financial Institutions/Investments/Securities, Taxation/Internal Revenue Code, Government Issues, Labor Issues/Antitrust/Workplace, Aviation/Airlines/Airports, Copyright/Patent/Trademark, Defense.

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—
AMAZON.COM SERVICES LLC—District of Columbia13—
AMERICANS FOR FINANCIAL REFORM—District of Columbia12—

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
CHAMBER OF COMMERCE OF THE U.S.A.17—
AMAZON.COM SERVICES LLC13—
AMERICANS FOR FINANCIAL REFORM12—

Lobbyists

Named on the filings that cite the bill. The 20 named most often, of 144.

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
AMAZON.COM SERVICES LLCAMAZON.COM SERVICES LLC2025 second_quarter$4.5M2nd Quarter - Report
AMAZON.COM SERVICES LLCAMAZON.COM SERVICES LLC2025 first_quarter$4.4M1st Quarter - Amendme…
AMAZON.COM SERVICES LLCAMAZON.COM SERVICES LLC2025 first_quarter$4.3M1st 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

Classification

The Congressional Research Service files H.J.Res. 64 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; H.J.Res. 64’s is Finance and Financial Sector.

hjres64/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

H.J.Res. 64 carries 5 of CRS’s legislative subjects, from Administrative law and regulatory procedures to Internet, web applications, social media.

hjres64/subjects.txt
Administrative law and regulatory proceduresCongressional oversightConsumer affairsConsumer Financial Protection BureauInternet, web applications, social media

Constitutional authority

The clause the sponsor cites as Congress’s power to enact H.J.Res. 64, as entered in the Congressional Record.

[Congressional Record Volume 171, Number 39 (Thursday, February 27, 2025)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. FLOOD:H.J. Res. 64.Congress has the power to enact this legislation pursuantto the following:Article 1 Section 8[Page H921]

Source: congress.gov · legiscan.com