S.J.Res. 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".

S.J.Res. 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". | JustPolicyThe main purpose of this legislative text is to formally disapprove a rule created by the Bureau of Consumer Financial Protection. This rule aimed to define what constitutes a "larger participant" in the market for general-use digital consumer payment applications. By disapproving this rule, Congress is taking a stand against the regulatory framework that was proposed. The key provision of this resolution is the outright rejection of the rule that was published in the Federal Register.