Public Law 119-11
Cancels a rule that would have put the largest digital payment apps under the consumer bureau's regular supervision.
What this law changes
From a secondary sourceCancels a rule that would have put the largest digital payment apps under the consumer bureau's regular supervision.
This account is written from the official description of the bill. We have saved the law's official text and have not finished checking the account against it.
Transparency Score
The Transparency Score is the share of this law’s dollars that goes to what the law says it is for.
Transparency Score
Share of the text within the stated purpose:Not checked yetThe text of this law provides and authorizes no dollar amount. The score is the share of its text within the stated intent. That share is "Not checked yet": no reading of this law is approved by a person yet.
How this is counted
- Transparency Score: dollars in sections a person approved as within the stated intent, divided by total dollars in the law. Shown as a percentage. Higher means more of the money goes to what the law says it is for.
- Beside it, the same two numbers the other way round: total dollars divided by dollars within the stated intent. 1.00 means every dollar is within the stated intent. When no dollar is within the stated intent this ratio cannot be computed, and the answer says so.
- Total dollars: appropriated dollars plus authorized dollars, read from the law's text by the rules below. Dollars in a section whose reading is unclear or was not read count in the total and are shown apart as unclear.
- A law whose text provides and authorizes no dollar amount reads "No money in this law". Its score is the share of its words that are in sections within the stated intent.
- The score reads "Not checked yet" until a person approves the law's reading of which sections are within the stated intent. The dollar totals need no reading and are shown before that.
- The dollar totals read "Not checked yet" when more than 10 percent of the dollars read could not be sorted by the rules.
- Every dollar amount in our saved text of the law is read: "$1,234,567", "$5 billion", "$2.5 million". Margin notes, page marks and the table of contents are left out. Each amount is kept with the words printed around it.
- Appropriated: the sentence says "there is appropriated", "is hereby appropriated" or "out of any money in the Treasury not otherwise appropriated"; or the amount is the one an appropriations paragraph ("For ..., $X") provides under an account heading of an appropriations act.
- Authorized: the sentence says "authorized to be appropriated". An authorization lets a later law provide the money. It provides none itself.
- A list under such a sentence ("there is appropriated the following: (1) ...; (2) ..."): an amount that begins an item is counted the same way as the sentence says, unless the sentence gives a total first. Then the items are parts of that total.
- "$X for each of fiscal years 2026 through 2030" is counted as X times the number of years named (here 5). The yearly figure, the years and the product are all kept. "For each fiscal year" with no years named is counted once, and the answer says so.
- Open-ended: "such sums as may be necessary" names no amount. It is counted as an item and adds no dollars.
- Rescinded: "is hereby rescinded", "permanently cancelled", or an item of a list headed "the following funds are hereby rescinded". Shown apart. Not subtracted from the total.
- Not spending, and left out of the total: an amount after "not to exceed", "not more than", "up to", "less than", "in excess of" and like words; a fine or penalty; a limit the law raises ("the limitation is increased by $X"); a figure the law strikes from another law; and a figure inside words it writes into another law ("striking $X and inserting $Y"), unless the same sentence says the figure is authorized or appropriated.
- Counted once: an amount after "of which", after "Provided, That", or after "of the amounts made available" is a part of a total already counted. Where a paragraph ends "in all, $X", that total is counted and the amounts before it are its parts.
- An amount the rules cannot sort is "not classified". It is listed with its words and left out of the total. Nothing is guessed.
- Total dollars: appropriated dollars plus authorized dollars. The two are also shown apart.
What the law says it is for
Confirmed from the official recordThese are the law’s own words, and the words of Congress’s records, about what the law is for.
Official title
“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''.”
The words under "Joint Resolution", Public Law 119-11, official text · Saved October 5, 2026 · Fingerprint 019da0fe01bae398
Congress's summary · Congressional Research Service
“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.”
Summary of the version: Public Law, Congressional Research Service summary: Public Law · Saved October 6, 2026 · Fingerprint eb9be9929c8dc694
The law's text gives it no short title.
The law has no findings or purpose section.
The bill's record names no committee report.
Dollars in this law
Confirmed from the official recordThe text of this law provides and authorizes no dollar amount.
Source: Public Law 119-11, official text · Saved October 5, 2026 · Fingerprint 019da0fe01bae398
Other measures
Each measure has its own status. None is added into the score.
- Dollars in sections added along the way
- No money in this law
- Member-requested dollars as a share of appropriated dollars
- Not checked yet
No list of member-requested spending is printed in the 37 official records saved for this law, and no committee report says there is none.
- Open-ended amounts (“such sums as may be necessary”)
- 0 passagesConfirmed from the official record
- Other bills whose text this law contains
- 1 billConfirmed from the official record
- How the House passed it
- Recorded vote: 219 Yes, 211 No, 0 Present, 3 Did not vote, April 9, 2025Confirmed from the official record
- How the Senate passed it
- Recorded vote: 51 Yes, 47 No, 0 Present, 2 Did not vote, March 5, 2025Confirmed from the official record
- Committee report saved
- None in the official recordConfirmed from the official record
The bill's official record names no committee report.
- Hearing saved
- None in the official recordConfirmed from the official record
The bill's official record names no hearing.
How these are counted
- Added along the way, sections: sections of the final law marked "added later", divided by the sections compared.
- Added along the way, words: words in those sections, divided by the words in the sections compared.
- Each text is read as a list of words. A run is 5 words in a row. For each section of the final law we count the share of its runs that appear anywhere in the first published text of the bill. 90 percent or more: in the first text. From 20 to 90 percent: changed. Under 20 percent: added later. A section with fewer than 20 words is not compared.
- Sections outside the stated intent: sections a person approved as outside the stated intent, divided by the sections read. The same count is given in words.
- Member-requested spending: the number of items in the lists Congress printed for the law, and the sum of their dollar amounts.
- A part that is not checked yet is shown as "Not checked yet". It is never counted as zero. No single blended number is given.
Added along the way
Not checked yetSections added later: Not checked yet. The first text of this bill was replaced: 100 percent of it is not in the final law. Under 20 percent of the first text is in the final law, so nearly every section reads as added later.
Amendments adopted
The record lists no adopted amendment to this bill.
Other bills whose text this law contains
The Congressional Research Service, a part of the Library of Congress, marks 1 other bill with the words “Public law contains the text”. That means this law includes text from that bill. This page does not compare its text with the law.
- 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".
Member-requested spending
No list foundNo list of member-requested spending is printed in the 37 official records saved for this law, and no committee report says there is none.
Sections outside the stated intent
Not checked yetA person reviews each reading before it appears here.
On the record
On the record: Not started.
Press releases by members of Congress
From a secondary sourceThese are press releases from members' official websites that name this law. We save a copy of each one.
7 press releases
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Scalise’s End-of-Year Recap: One Year of Republicans Delivering on our Promises
“S.J. Res. 28 (Sen. Ricketts) – Digital Wallets CRA: Reverses the Biden Administration CFPB’s rule “Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications,” that would allow the CFPB more oversight power over non-bank entities that complete 50 million digital transactions a year, providing no benefit to consumers or the market and placing significant burdens on businesses”
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Scalise’s Summer Update: Six Months of Winning for the American People
“S.J. Res. 28 (Sen. Ricketts) – Digital Wallets CRA: Reverses the Biden Administration CFPB’s rule “Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications,” that would allow the CFPB more oversight power over non-bank entities that complete 50 million digital transactions a year, providing no benefit to consumers or the market and placing significant burdens on businesses”
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Rep. Flood Celebrates Repeal of Onerous Biden-Era Regulation on Payment Providers
“LINCOLN, NEBRASKA – Today, U.S. Congressman Mike Flood issued a statement following news that President Donald J. Trump had signed S.J. Res. 28 into law. Using a process defined by the Congressional Review Act, S.J. Res. 28 overturns the CFPB rule relating to "Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications.”
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Schmidt Works to Slash Red Tape, Dismantle Bureaucracy
“S.J. Res. 28: disapproves a CFPB rule providing the agency more oversight power over non-bank entities that complete 50 million digital transactions a year.”
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Scalise’s 100 Days of Trump Recap: House Republicans Deliver America First Wins
“S.J. Res. 28 (Sen. Ricketts) – Digital Wallets CRA: Reverses the Biden Administration CFPB’s rule “Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications,” that would allow the CFPB more oversight power over non-bank entities that complete 50 million digital transactions a year, providing no benefit to consumers or the market and placing significant burdens on businesses”
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“WASHINGTON, D.C. – Today, U.S. Congressman Mike Flood issued a statement following passage of S.J. Res. 28 in the House. Using a process defined by the Congressional Review Act, S.J. Res. 28 overturns the CFPB rule relating to "Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications”
Show all 7
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“WASHINGTON, D.C. - Rep. Nick LaLota (R-Suffolk County), released the following statement after voting in favor of S.J.Res.18 and S.J.Res. 28, two Congressional Review Act (CRA) resolutions which would overturn harmful regulations that threaten the financial well-being of American consumers and financial technology businesses.”
Read from 539 of 539 members' sites, releases since January 3, 2025, through October 7, 2026.
Press releases by organizations
No saved press release from these organizations names this law.
Read from 510 of 510 organizations' sites, releases since January 3, 2025, through October 7, 2026.
What it touches
Kind of law: Cancels a federal rule. Budget effect: No direct effect on agency budgets.
Government
- Laws and regulations
- Technology, algorithms and surveillance
The economy
- Banking and credit
- Technology and telecom
Daily life
- Privacy and online life
- Household budget
Agencies it funds or directs
Dollar amounts:Not checked yetHow it passed
The Senate passed it 51 to 47 on March 5, 2025, with 2 senators who did not vote.
The House passed it 219 to 211 on April 9, 2025, with 3 members who did not vote.
The question on the official record: House, “On Passage”. Senate, “On the Joint Resolution (S.J.Res. 28)”.
| Chamber and party | Yes | No | Present | Did not vote |
|---|---|---|---|---|
| House Republicans | 219 | 0 | 0 | 1 |
| House Democrats | 0 | 211 | 0 | 2 |
| Senate Republicans | 51 | 1 | 0 | 1 |
| Senate Democrats | 0 | 44 | 0 | 1 |
| Senate independents | 0 | 2 | 0 | 0 |
How each member votes
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Lobbying reports that name this bill
Confirmed from the official record1 saved lobbying report names S.J.Res. 28. The amount is what the report gives for the whole quarter: everything the registrant did for that client, all issues together. A linked name opens that organization’s page on this site.
| Registrant | Client | Amount for the whole quarter | Quarter | Report |
|---|---|---|---|---|
| CHAMBER OF COMMERCE OF THE U.S.A. | CHAMBER OF COMMERCE OF THE U.S.A. | $16,950,000.00reported as expenses | April to June 2026 | Open the report |
See the lobbying page for S.J.Res. 28
Senate Office of Public Records cannot vouch for the data or analyses derived from these data after the data have been retrieved from LDA.gov.
Lobbying Disclosure Act reports, LDA.gov. This copy was read October 7, 2026 at 4:39 PM Eastern.
Where this comes from
We saved our own copy of each official vote file listed here before writing this page. A code beside a file is its fingerprint, a short code that changes if the file's contents change.