Posts - Bill - 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".
senate 02/27/2025 - 119th Congress
We are working to block a new rule from the Bureau of Consumer Financial Protection that would have changed how large digital payment app companies are defined. This legislation ensures that the rule will not take effect.
Congress.gov
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".
Views
moderate 02/27/2025
Hard to cheer when rules get tossed, but also not ready to crown the regulators king—some balance, please.
moderate 02/27/2025
Is this about protecting innovation or just letting giants run unchecked? The answer’s not in bold letters yet.
right-leaning 02/27/2025
Disapproving this overreach means fewer headaches for startups and more choices for consumers. Win-win.
left-leaning 02/27/2025
When you handcuff oversight, expect the digital payments wild west to get way wilder—and heavier on the consumer’s wallet.
moderate 02/27/2025
Congress just hit pause on a rule; guess they want a mulligan on how we manage fintech’s growing power.
left-leaning 02/27/2025
Disapproving consumer protections feels like giving Big Tech a Hall Pass to ride roughshod over everyday folks.
right-leaning 02/27/2025
Finally, some sense—letting regulators choke off digital payments innovation would be economic sabotage.
right-leaning 02/27/2025
Congress said no to heavy-handed rules; Big Brother can’t babysit every app on your phone.
left-leaning 02/27/2025
Blocking regulation on big digital pay apps? Guess Wall Street’s new playground just got a lot noisier.