Who it affects
- Nonbank payment app providers
- Consumer Financial Protection Bureau
Became lawBankingTechnology
Repeal of payment app oversight rule
S.J.Res. 28 · Resolution · Introduced Feb. 27, 2025
This bill would cancel a rule defining which large nonbank payment app providers are subject to Consumer Financial Protection Bureau oversight.
What stands out
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These are patterns in public records, not proof that money changed a vote. The same rules apply to every member. How we decide
At a glance
Where it stands
Passed the House 219 to 211 on April 9.
Passed the Senate 51 to 47 on March 5.
How South Carolina voted
Lobbying and money
9 groups lobbied on it: trade group, advocacy group or nonprofit, company.
Top link: Apple lobbied on it and gave $0 via PACs; $4,000 via lobbyists; $0 via employees to 2 SC members.
See who gave to whom ↓What it would do
- The bill would cancel a Consumer Financial Protection Bureau rule published on December 10, 2024.
- The rule defines which large payment app providers are subject to the bureau’s oversight.
- It covers nonbank providers handling at least 50 million transactions each year.
- These providers must also fall outside the small business category.
Written with AI from the official summary by Congress's research office.
How South Carolina voted
House vote coverage is incomplete for 2025–2026. Vote and flagged-bill counts reflect imported records only; missing votes don't mean a member didn't vote.
House vote
Close voteVote to pass
April 9, 2025 · Passed 219 to 211
- Republicans
- 219 yes
- 0 no
- Democrats
- 0 yes
- 211 no
Senate vote
Close voteVote to pass
March 5, 2025 · Passed 51 to 47
- Republicans
- 51 yes
- 1 no
- Democrats
- 0 yes
- 44 no
- Independents
- 0 yes
- 2 no
Other votes on this bill (1)
Senate · Vote to start debate · March 4, 2025 · Approved
Graham: Yes · Scott: Yes
Official vote ↗
Groups that lobbied on it and gave to SC's members
PAC, lobbyist campaign and qualifying employee money this election, shown separately and never added together. Lobbying reports name the bills a group worked on, not which side it took.
| Group | What it is | Gave SC members | Members | Worth a closer look |
|---|---|---|---|---|
| Apple | Company | Lobbyists: $4,000 | 2 | |
| Chamber of Commerce of the U.S.A. | Trade group | Lobbyists: $1,000 | 1 |
See all groups, by member
Members without a final recorded vote are grayed out and excluded from totals. Events and honors are not campaign money and aren't included. Matches use exact organization names.
| Organization | Darline GrahamNo vote | Lindsey GrahamYes | Tim ScottYes | Jim ClyburnNo | Joe WilsonYes | Nancy MaceYes | Ralph NormanYes | Russell FryYes | Sheri BiggsYes | William TimmonsYes | Members |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Apple | – | Lobbyists: $3,000 | – | Lobbyists: $1,000 | – | – | – | – | – | – | 2 |
| Chamber of Commerce of the U.S.A. | – | – | – | Lobbyists: $1,000 | – | – | – | – | – | – | 1 |
Official record
Official title, sponsor and status
- Official 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".
- Sponsor
- Sen. Ricketts, Pete (R-NE)
- Introduced
- Feb. 27, 2025
- Cosponsors
- 5
- Committees
- Senate Banking, Housing, and Urban Affairs Committee
- Latest action
- May 9, 2025 · Became Public Law No: 119-11.
Official summary from the 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 on Congress.gov ↗Everyone who lobbied on this bill (9 groups)
23 reports. Fees cover each report's whole lobbying effort, not just this bill.
Businesses and trade groups (5)
- Chamber of Commerce of the U.S.A. ↗Misc Business · 8 reports
- Apple ↗Communications & Electronics · 3 reports
- Financial Technology Association ↗Finance, Insurance & Real Estate · 2 reports
- Crypto Council for Innovation ↗Finance, Insurance & Real Estate · 1 report
- Small Business & Entrepreneurship Council (Sbe Council) ↗Misc Business · 1 report
Labor unions (0)
None.
Advocacy groups and nonprofits (4)
- Americans for Financial Reform ↗2 reports
- Americans for Tax Reform ↗3 reports
- Demand Progress Action ↗2 reports
- U.S. Public Interest Research Group ↗1 report
Not classified (0)
None.
Lobbying firms (10)
- Chamber of Commerce of the U.S.A. ↗Misc Business · 8 reports
- Apple ↗Communications & Electronics · 3 reports
- Americans for Financial Reform ↗2 reports
- Financial Technology Association ↗Finance, Insurance & Real Estate · 2 reports
- Americans for Tax Reform ↗3 reports
- Crypto Council for Innovation ↗Finance, Insurance & Real Estate · 1 report
- Demand Progress Action ↗1 report
- Small Business & Entrepreneurship Council (Sbe Council) ↗Misc Business · 1 report
- Katherine Oh ↗Lobbying firms · 1 report
- U.S. Public Interest Research Group ↗1 report
We sorted these groups by name and industry. The labels are ours, not legal categories.