The Consumer Financial Protection Bureau (a federal agency that oversees banks, lenders, and other financial companies to protect consumers from unfair practices) had issued a rule putting large digital payment apps — think services like PayPal, Venmo, or Cash App — under its regular supervision, but only companies handling at least 50 million transactions a year and that aren't small businesses. This resolution would cancel that rule, meaning those big payment app companies would not face this added layer of federal oversight and inspection. If the resolution passes, the rule is wiped out entirely, and the agency would be blocked from issuing a similar rule in the future without new authorization from Congress.