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SJRES 28 · 119th CongressEnactedVoted Apr 9, 2025

Blocking oversight of big payment apps

Banking & Financial

Sponsored by Pete Ricketts

The vote
219-211
+8 margin
Worked the bill
$571M
24 groups · their total 2025 lobbying
In the distance
$5.4M
election money · background
Summary

What the bill does

This resolution cancels a rule from the Consumer Financial Protection Bureau (CFPB) that would have allowed the agency to supervise large companies offering digital payment apps, such as Venmo or PayPal. The rule defined which companies count as "larger participants" in the market for general-use digital consumer payment applications. By disapproving the rule, Congress prevents the CFPB from overseeing these companies under that specific regulation.

Why it matters

The stakes

This affects users of digital payment apps and the companies that provide them. Without the rule, the CFPB cannot examine these companies' practices for consumer protection issues, such as error resolution or data privacy.

Major public companies this covers
  • AppleAAPL
  • AlphabetGOOGL
  • PayPalPYPL
  • BlockSQ
The vote

How the chamber split

219 yea · 211 nayPassed · 3 not voting
219 yes
211 no
Voted yes215
Rep 214Dem 0
Voted no206
Rep 0Dem 206
See how each member voted· all 421
Voted yes · 215
Aaron BeanR · FL
Andy BarrR · KY
Andy BiggsR · AZ
Ann WagnerR · MO
Ben ClineR · VA
Brad KnottR · NC
Brian JackR · GA
Chip RoyR · TX
Cory MillsR · FL
Don BaconR · NE
Gabe EvansR · CO
Jeff CrankR · CO
Jeff HurdR · CO
Jim JordanR · OH
Joe WilsonR · SC
John JamesR · MI
John JoyceR · PA
Keith SelfR · TX
Kevin HernR · OK
Mike BostR · IL
Mike CareyR · OH
Mike EzellR · MS
Mike FloodR · NE
Mike KellyR · PA
Nancy MaceR · SC
Pat FallonR · TX
Randy FineR · FL
Ron EstesR · KS
Sam GravesR · MO
Tim MooreR · NC
Tom ColeR · OK
Tom EmmerR · MN
Tony WiedR · WI
Vince FongR · CA
Young KimR · CA
Voted no · 206
Adam GrayD · CA
Adam SmithD · WA
Al GreenD · TX
Ami BeraD · CA
Dave MinD · CA
Derek TranD · CA
Dina TitusD · NV
Ed CaseD · HI
Gabe AmoD · RI
Glenn IveyD · MD
Grace MengD · NY
Greg CasarD · TX
Gwen MooreD · WI
Ilhan OmarD · MN
Jason CrowD · CO
Jim CostaD · CA
Joe NeguseD · CO
Josh RileyD · NY
Judy ChuD · CA
Mark PocanD · WI
Mike LevinD · CA
Nellie PouD · NJ
Paul TonkoD · NY
Raul RuizD · CA
Ro KhannaD · CA
Susie LeeD · NV
Ted LieuD · CA
The debate

What each side says

Supporters
  • The rule would have given the CFPB too much power over a fast-changing industry, potentially stifling innovation and competition.report
  • The CFPB's definition of 'larger participants' was too broad and could have included many companies that are not major players, creating unnecessary regulatory burdens.bill
  • Existing state and federal laws already protect consumers in digital payments, making this rule redundant.report
Critics
  • Without the rule, the CFPB cannot supervise large digital payment companies, leaving consumers vulnerable to unfair or deceptive practices.report
  • The rule was designed to close a gap in oversight, as digital payment apps handle billions of dollars but were not subject to the same supervision as banks.bill
  • Canceling the rule weakens consumer protections at a time when more people rely on digital payments for everyday transactions.report

Each point links to its source. The views are attributed to those sources, not stated as ours.

Follow the money

From this bill outward

The bill

where every tie is measured from
SJRES 28Blocking oversight of big payment appsBanking & Financial

Who paid lobbyists to work it

Direct tie24 groups · their total 2025 lobbying
GroupIssues2025 lobbying
(all issues)
Has PAC?
APPLE, INC.Named in billLaborForeignTech$10MNo PAC
STATE OF LOC NATION GLOBAL PUBLIC BENEFIT CORPORATIONAdvocacyOtherBanking$80MNo PAC
CHAMBER OF COMMERCE OF THE U.S.A.EnergyBankingForeign$70MNo PAC
NATIONAL ASSOCIATION OF REALTORSReal EstateBankingInsurance$54MNAORPAC
BUSINESS ROUNDTABLE INCEnergyBankingHealth$34MNo PAC
META PLATFORMS, INC. AND VARIOUS SUBSIDIARIESTechSports & MediaBanking$26MNo PAC
AMERICAN HOSPITAL ASSOCIATIONHealthOtherForeign$25MAHAP
AMERICAN MEDICAL ASSOCIATIONHealthForeignOther$23MNo PAC

Election money, in the distance

Background · not tied to this billBanking & Financial PACs -> the members who voted
▲ Voted yes219
0 Dem214 Rep
Banking & Financial PAC receipts$2.6M
  • AMERICAN BANKERS ASSOCIATION PAC (BANKPAC)$441K
  • AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS POLITICAL ACTION COMMITTEE$298K
  • UBS AMERICAS INC. POLITICAL ACTION COMMITTEE (UBS PAC)$208K
  • THE FARM CREDIT COUNCIL POLITICAL ACTION COMMITTEE$192K
  • ERNST & YOUNG POLITICAL ACTION COMMITTEE$173K
  • AMERICA'S CREDIT UNIONS PAC OF CREDIT UNION NATIONAL ASSOCIATION, INC.$144K
  • DELOITTE POLITICAL ACTION COMMITTEE$128K
  • MORTGAGE BANKERS ASSOCIATION POLITICAL ACTION COMMITTEE (MORPAC)$104K
  • REGIONS FINANCIAL CORPORATION POLITICAL ACTION COMMITTEE$90K
  • PRICEWATERHOUSECOOPERS POLITICAL ACTION COMMITTEE I$58K
  • THE GOLDMAN SACHS GROUP, INC. POLITICAL ACTION COMMITTEE$50K
  • STRUCTURED FINANCE COALITION POLITICAL ACTION COMMITTEE (STRUCTURED FINANCE PAC)$40K
  • FEDERAL BIPARTISAN VOLUNTARY PUBLIC AFFAIRS COMMITTEE OF THE PNC FINANCIAL SERVICES GROUP, INC. (PNC$38K
  • NATIONAL ASSOCIATION OF REAL ESTATE INVESTMENT TRUSTS, INC. POLITICAL ACTION COMMITTEE$38K
  • AMERICAN FINANCIAL SERVICES ASSOCIATION PAC$37K
  • WELLS FARGO AND COMPANY EMPLOYEES GOOD GOVERNMENT FEDERAL FUND II$30K
  • INVESTMENT COMPANY INSTITUTE POLITICAL ACTION COMMITTEE (ICI PAC)$30K
  • BANK OF AMERICA CORPORATION FEDERAL PAC$30K
  • U.S. BANCORP FEDERAL POLITICAL ACTION COMMITTEE$30K
  • AMERICAN INVESTMENT COUNCIL POLITICAL ACTION COMMITTEE$30K
  • CAPITAL ONE FINANCIAL CORP. ASSOC. POLITICAL FUND$30K
  • HUNTINGTON BANCSHARES INC. POLITICAL ACTION COMMITTEE (HBI-PAC)$25K
  • KPMG PARTNERS/PRINCIPALS AND EMPLOYEES PAC$22K
  • LASTING INVESTMENTS STRENGTHENING AMERICA PAC$20K
  • BLACKROCK FUNDS SERVICES GROUP LLC POLITICAL ACTION COMMITTEE (BLACKROCK PAC)$20K
  • VISA, INC. POLITICAL ACTION COMMITTEE$20K
  • THRIVENT FINANCIAL FOR LUTHERANS POLITICAL ACTION COMMITTEE$20K
  • AMERICAN EXPRESS COMPANY POLITICAL ACTION COMMITTEE (AXPPAC)$20K
  • THE CAPITAL GROUP COMPANIES INC POLITICAL ACTION COMMITTEE$20K
  • SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION POLITICAL ACTION COMMITTEE$20K
  • ALLY FINANCIAL INC. ADVOCACY POLITICAL ACTION COMMITTEE$20K
  • FMR LLC POLITICAL ACTION COMMITTEE - FEDERAL (FIDELITY PAC)$19K
  • CITIGROUP INC. PAC - FEDERAL (CITI PAC - FEDERAL)$17K
  • WESTERN ALLIANCE BANCORPORATION POLITICAL ACTION COMMITTEE (WABPAC)$15K
  • CADENCE BANK PAC$13K
  • PINNACLE WEST CAPITAL CORPORATION PAC$12K
  • REVENUE BASED FINANCE COALITION, INC. POLITICAL ACTION COMMITTEE$10K
  • SMALL BUSINESS INVESTOR ALLIANCE PAC$10K
  • CITIZENS FINANCIAL GROUP, INC. POLITICAL ACTION COMMITTEE (CITIZENS PAC)$10K
  • SCHOOLSFIRST FEDERAL CREDIT UNION EMPLOYEES FEDERAL PAC$10K
  • THE CARLYLE GROUP INC. PAC (AKA 'CARLYLE PAC')$10K
  • THE SURETY & FIDELITY ASSOCIATION OF AMERICA POLITICAL ACTION COMMITTEE$10K
  • COMMERCIAL REAL ESTATE FINANCE COUNCIL PAC$10K
  • BREAD FINANCIAL HOLDINGS, INC. PAC (AKA BREAD FINANCIAL PAC)$10K
  • FIFTH THIRD BANCORP FEDERAL POLITICAL ACTION COMMITTEE$8K
  • FINANCIAL SERVICES INSTITUTE PAC$8K
  • ATOMIC CREDIT UNION POLITICAL ACTION COMMITTEE (ACU PAC)$6K
  • NATIONAL VENTURE CAPITAL ASSOCIATION VENTUREPAC$6K
  • ZIONS BANCORPORATION PAC$5K
  • TRUIST FINANCIAL CORPORATION FEDERAL PAC (FORMERLY SUNTRUST BANKS, INC. POLITICAL ACTION COMMITTEE)$5K
  • FIRST CAPITAL PAC$4K
  • LPL FINANCIAL LLC POLITICAL ACTION COMMITTEE (LPL PAC)$3K
  • AMERICAN SECURITIES ASSOCIATION POLITICAL ACTION COMMITTEE$1K
Members covered138 / 219
Avg per covered$19K
▼ Voted no211
206 Dem0 Rep
Banking & Financial PAC receipts$2.8M
  • ERNST & YOUNG POLITICAL ACTION COMMITTEE$294K
  • DELOITTE POLITICAL ACTION COMMITTEE$290K
  • AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS POLITICAL ACTION COMMITTEE$247K
  • AMERICAN BANKERS ASSOCIATION PAC (BANKPAC)$238K
  • UBS AMERICAS INC. POLITICAL ACTION COMMITTEE (UBS PAC)$215K
  • PRICEWATERHOUSECOOPERS POLITICAL ACTION COMMITTEE I$198K
  • KPMG PARTNERS/PRINCIPALS AND EMPLOYEES PAC$120K
  • AMERICA'S CREDIT UNIONS PAC OF CREDIT UNION NATIONAL ASSOCIATION, INC.$115K
  • MORTGAGE BANKERS ASSOCIATION POLITICAL ACTION COMMITTEE (MORPAC)$97K
  • THE FARM CREDIT COUNCIL POLITICAL ACTION COMMITTEE$81K
  • INVESTMENT COMPANY INSTITUTE POLITICAL ACTION COMMITTEE (ICI PAC)$79K
  • ALLY FINANCIAL INC. ADVOCACY POLITICAL ACTION COMMITTEE$66K
  • THRIVENT FINANCIAL FOR LUTHERANS POLITICAL ACTION COMMITTEE$60K
  • BANK OF AMERICA CORPORATION FEDERAL PAC$58K
  • NATIONAL ASSOCIATION OF REAL ESTATE INVESTMENT TRUSTS, INC. POLITICAL ACTION COMMITTEE$48K
  • BLACKROCK FUNDS SERVICES GROUP LLC POLITICAL ACTION COMMITTEE (BLACKROCK PAC)$48K
  • WESTERN ALLIANCE BANCORPORATION POLITICAL ACTION COMMITTEE (WABPAC)$45K
  • SYNCHRONY FINANCIAL EMPLOYEES POLITICAL ACTION COMMITTEE (SYNCPAC)$40K
  • MORGAN STANLEY POLITICAL ACTION COMMITTEE$35K
  • AMERICAN FINANCIAL SERVICES ASSOCIATION PAC$33K
  • STRUCTURED FINANCE COALITION POLITICAL ACTION COMMITTEE (STRUCTURED FINANCE PAC)$30K
  • PINNACLE WEST CAPITAL CORPORATION PAC$30K
  • AMERICAN INVESTMENT COUNCIL POLITICAL ACTION COMMITTEE$30K
  • AMERICAN EXPRESS COMPANY POLITICAL ACTION COMMITTEE (AXPPAC)$29K
  • REGIONS FINANCIAL CORPORATION POLITICAL ACTION COMMITTEE$28K
  • CAPITAL ONE FINANCIAL CORP. ASSOC. POLITICAL FUND$20K
  • U.S. BANCORP FEDERAL POLITICAL ACTION COMMITTEE$20K
  • THE CAPITAL GROUP COMPANIES INC POLITICAL ACTION COMMITTEE$20K
  • CITIGROUP INC. PAC - FEDERAL (CITI PAC - FEDERAL)$15K
  • LIVE OAK BANK POLITICAL ACTION COMMITTEE$13K
  • SMALL BUSINESS INVESTOR ALLIANCE PAC$13K
  • LPL FINANCIAL LLC POLITICAL ACTION COMMITTEE (LPL PAC)$10K
  • COMMERCIAL REAL ESTATE FINANCE COUNCIL PAC$10K
  • SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION POLITICAL ACTION COMMITTEE$10K
  • UNITED WHOLESALE MORTGAGE PAC (UWM PAC)$10K
  • FMR LLC POLITICAL ACTION COMMITTEE - FEDERAL (FIDELITY PAC)$10K
  • HUNTINGTON BANCSHARES INC. POLITICAL ACTION COMMITTEE (HBI-PAC)$10K
  • THE CARLYLE GROUP INC. PAC (AKA 'CARLYLE PAC')$10K
  • FIDELITY NATIONAL FINANCIAL INC PAC 2001$10K
  • BREAD FINANCIAL HOLDINGS, INC. PAC (AKA BREAD FINANCIAL PAC)$10K
  • BMO FINANCIAL CORP GOOD GOVERNANCE FUND: FEDERAL (BMO PAC)$10K
  • FINANCIAL SERVICES INSTITUTE PAC$10K
  • THE GOLDMAN SACHS GROUP, INC. POLITICAL ACTION COMMITTEE$10K
  • CITIZENS FINANCIAL GROUP, INC. POLITICAL ACTION COMMITTEE (CITIZENS PAC)$8K
  • FIFTH THIRD BANCORP FEDERAL POLITICAL ACTION COMMITTEE$8K
  • THE SURETY & FIDELITY ASSOCIATION OF AMERICA POLITICAL ACTION COMMITTEE$8K
  • VISA, INC. POLITICAL ACTION COMMITTEE$8K
  • TRUIST FINANCIAL CORPORATION FEDERAL PAC (FORMERLY SUNTRUST BANKS, INC. POLITICAL ACTION COMMITTEE)$5K
Members covered112 / 211
Avg per covered$25K

Lobbying filings, contributions, and votes are public records shown side by side. The further down the chain, the further the money is from this bill. This page does not assert that money caused any vote.