This bill would pause new regulations on "buy now pay later" services, which allow consumers to split purchases into multiple installment payments, until two separate studies are completed. The Bureau of Consumer Financial Protection and the Government Accountability Office would each have one year to study these services, examining who uses them, what risks and benefits they present, how they compare to credit cards and other payment methods, and potential fraud concerns. The bill also requires the Bureau to withdraw a May 2024 interpretive rule it had issued regarding these services. The legislation affects fintech companies offering buy now pay later products, traditional banks and credit card companies that compete with these services, and consumers who use these payment options. No specific funding amounts are mentioned in the bill.