[Congressional Record Volume 172, Number 81 (Wednesday, May 13, 2026)]
[Senate]
[Page S2268]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]





  PROVIDING FOR CONGRESSIONAL DISAPPROVAL UNDER CHAPTER 8 OF TITLE 5, 
  UNITED STATES CODE, OF THE RULE SUBMITTED BY THE BUREAU OF CONSUMER 
FINANCIAL PROTECTION RELATING TO THE WITHDRAWAL OF THE RULE RELATING TO 
``LIMITED APPLICABILITY OF CONSUMER FINANCIAL PROTECTION ACT'S `TIME OR 
SPACE' EXCEPTION WITH RESPECT TO DIGITAL MARKETING PROVIDERS''--Motion 
                               to Proceed

  Mr. BLUMENTHAL. Mr. President, I move to proceed to Calendar No. 397, 
S.J. Res. 150.
  The PRESIDING OFFICER. The clerk will report.
  The senior assistant legislative clerk read as follows:

       Motion to proceed to Calendar No. 397, S.J. Res. 150, a 
     joint resolution providing for congressional disapproval 
     under chapter 8 of title 5, United States Code, of the rule 
     submitted by the Bureau of Consumer Financial Protection 
     relating to the withdrawal of the rule relating to ``Limited 
     Applicability of Consumer Financial Protection Act's `Time or 
     Space' Exception With Respect to Digital Marketing 
     Providers''.

  Mr. BLUMENTHAL. Mr. President, in a remarkable gift to Big Tech, 
President Trump eliminated the digital marketing rule, which means they 
are not subject to the same kind of consumer protection laws or rules 
that apply to traditional advertisers and other kinds of interests.
  Banks, fintechs, and other financial institutions partner with Big 
Tech to use consumer data and targeted advertising tools to reach 
specific consumers online, including financially vulnerable 
individuals.
  This means unchecked exploitation, which creates opportunities for 
bad actors like scammers. This need for the rule is not just 
hypothetical or hyperbole. It is real. Big Tech has brought in billions 
of dollars from scams.
  According to internal documents, Meta projected it would earn roughly 
10 percent of its total 2024 advertising revenue--that is approximately 
$16 billion from ads linked to scams, fraud, and prohibited 
productions--maybe not accidentally. Some of those Big Tech executives 
are on President Trump's plane to China.
  In response to that revelation, I, along with Senator Hawley, led a 
letter to FTC and the Securities and Exchange Commission to investigate 
Meta for enabling and profiting from these scams that harm consumers.
  President Trump has left consumers at the mercy of Big Tech, using 
social media to target and exploit consumers. It is clear that this 
kind of cozying up to Big Tech puts corporate interests above 
individual consumers, and I urge my colleagues to join my joint 
resolution of disapproval of the Trump administration's decision to 
rescind the digital marketing rule.
  I yield the floor.


                       Vote on Motion to Proceed

  The PRESIDING OFFICER. The question is on agreeing to the motion to 
proceed.
  In the opinion of the Chair, the noes have it. The motion is 
rejected.
  The motion was rejected.
  The PRESIDING OFFICER. The Senator from New Jersey.

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