WHAT THE LAW DOINCongress, in plain words

S. 1582 · 119th Congress · Public Law 119-27

GENIUS Act

Became lawFinance and Financial Sector
IntroducedMay 1, 2025
Passed SenateJun 17, 2025
Passed HouseJul 17, 2025
To PresidentJul 17, 2025
Became lawJul 18, 2025

How this bill changes the law

Sourced

S. 1582 changed 13 sections of existing law, and created 14 new provisions of its own. Read from the bill text in its final form, as sent to the President.

12 U.S.C. 1 Office of the Comptroller of the Currency

  • (b) Comptroller of the Currency added to · Sec. 4(b) · see the words

11 U.S.C. 101 Definitions

11 U.S.C. 362 Automatic stay

  • (a) Except as provided in subsection (b) of this section, a petition filed under… added to · Sec. 11(c) · see the words
  • (d) On request of a party in interest and after notice and a hearing, the court… added to · Sec. 11(c) · see the words

11 U.S.C. 507 Priorities

  • (a) The following expenses and claims have priority in the following order: changed · Sec. 11(d) · see the words
  • (e) new · Sec. 11(d) · see the words

11 U.S.C. 541 Property of the estate

  • (b) Property of the estate does not include— added to · Sec. 11(e) · see the words

11 U.S.C. 1109 Right to be heard

15 U.S.C. 80b-2 Definitions

15 U.S.C. 80a-1 Findings and declaration of policy

15 U.S.C. 77b Definitions; promotion of efficiency, competition, and capital formation

15 U.S.C. 78c Definitions and application

15 U.S.C. 78lll Definitions

7 U.S.C. 1a Definitions

5 U.S.C. 13104 Contents of reports

  • (a) Annual and Termination Reports.—Each report filed pursuant to section 13103(d)… changed · Sec. 19 · see the words

New provisions of the bill's own

  • Sec. 2 Definitions
  • Sec. 3 Issuance and treatment of payment stablecoins
  • Sec. 5 Approval of subsidiaries of insured depository institutions and Federal qualified payment stablecoin issuers
  • Sec. 6 Supervision and enforcement with respect to Federal qualified payment stablecoin issuers and subsidiaries of insured depository institutions
  • Sec. 7 State qualified payment stablecoin issuers
  • Sec. 8 Anti-money laundering protections
  • Sec. 9 Anti-money laundering innovation
  • Sec. 10 Custody of payment stablecoin reserve and collateral
  • Sec. 12 Interoperability standards
  • Sec. 13 Rulemaking
  • Sec. 14 Study on non-payment stablecoins
  • Sec. 15 Reports
  • Sec. 16 Authority of banking institutions
  • Sec. 18 Exception for foreign payment stablecoin issuers and reciprocity for payment stablecoins issued in overseas jurisdictions
What the words changed: every change, in place (22)

Today's wording of each part of the law, with what was struck out and added. Each change also gives the bill's own instruction, word for word.

  1. 12 U.S.C. 1(b)added (3)by S. 1582 Sec. 4(b)

    (3) Regulation of Federal qualified payment stablecoin issuers.— The Comptroller of the Currency shall, in coordination with other relevant regulators and consistent with section 13 of the GENIUS Act, issue such regulations and orders as necessary to ensure financial stability and implement section 4(a) of that Act.

    The bill says: Section 324(b) of the Revised Statutes (12 U.S.C. 1(b)) is amended by adding at the end the following:

    Bill text · Current law (12 U.S.C. 1)

  2. 11 U.S.C. 101added (40C)by S. 1582 Sec. 11(b)

    (40C) The terms payment stablecoin and permitted payment stablecoin issuer have the meanings given those terms in section 2 of the GENIUS Act.

    The bill says: Section 101 of title 11, United States Code, is amended by adding after paragraph (40B) the following:

    Bill text · Current law (11 U.S.C. 101)

  3. 11 U.S.C. 362(a)(7)changedby S. 1582 Sec. 11(c)

    (7) the setoff of any debt owing to the debtor that arose before the commencement of the case under this title against any claim against the debtor; and

    The bill says: in paragraph (7), by striking "and";

    Bill text · Current law (11 U.S.C. 362)

  4. 11 U.S.C. 362(a)(8)changedby S. 1582 Sec. 11(c)

    The bill says: in paragraph (8), by striking the period and inserting "; and"; and

    Bill text · Current law (11 U.S.C. 362)

  5. 11 U.S.C. 362(a)added (9)by S. 1582 Sec. 11(c)

    (9) the redemption of payment stablecoins issued by the permitted payment stablecoin issuer, from payment stablecoin reserves required to be maintained under section 4 of the GENIUS Act.

    The bill says: by adding at the end the following:

    Bill text · Current law (11 U.S.C. 362)

  6. 11 U.S.C. 362(d)(3)(B)(ii)changedby S. 1582 Sec. 11(c)

    (ii) are in an amount equal to interest at the then applicable nondefault contract rate of interest on the value of the creditor's interest in the real estate; or

    The bill says: in paragraph (3)(B)(ii), by striking "or" at the end;

    Bill text · Current law (11 U.S.C. 362)

  7. 11 U.S.C. 362(d)(4)(B)changedby S. 1582 Sec. 11(c)

    (B) multiple bankruptcy filings affecting such real property.; or

    The bill says: in paragraph (4)(B), by striking the period at the end and inserting "; or"; and

    Bill text · Current law (11 U.S.C. 362)

  8. 11 U.S.C. 362(d)added (5)by S. 1582 Sec. 11(c)

    (5) with respect to the redemption of payment stablecoins held by a person, if the court finds, subject to the motion and attestation of the permitted payment stablecoin issuer, which shall be filed on the petition date or as soon as practicable thereafter, there are payment stablecoin reserves available for distribution on a ratable basis to similarly situated payment stablecoin holders, provided that the court shall use best efforts to enter a final order to begin distributions under this paragraph not later than 14 days after the date of the required hearing.

    The bill says: by inserting after paragraph (4) the following:

    Bill text · Current law (11 U.S.C. 362)

  9. 11 U.S.C. 507(a)changedby S. 1582 Sec. 11(d)

    (a) The followingSubject to subsection (e), the following expenses and claims have priority in the following order: (1) First: (A) Allowed unsecured claims for domestic support obligations that, as of the date of the filing of the petition in a case under this title, are owed to or recoverable…

    The bill says: in subsection (a), in the matter preceding paragraph (1), by striking "The following" and inserting "Subject to subsection (e), the following"; and

    Bill text · Current law (11 U.S.C. 507)

  10. 11 U.S.C. 507added (e)by S. 1582 Sec. 11(d)

    (e) Notwithstanding subsection (a), if a payment stablecoin holder is not able to redeem all outstanding payment stablecoin claims from required payment stablecoin reserves maintained by the permitted payment stablecoin issuer, any such remaining claim arising from a person's holding of a payment stablecoin issued by the permitted payment stablecoin issuer shall be a claim against the estate and shall have first priority over any other claim, including over any expenses and claims that have priority under that subsection, to the extent compliance with section 4 of the GENIUS Act would have required additional reserves to be maintained by the permitted payment stablecoin issuer for payment stablecoin holders.

    The bill says: by adding at the end the following:

    Bill text · Current law (11 U.S.C. 507)

  11. 11 U.S.C. 541(b)(9)changedby S. 1582 Sec. 11(e)

    (9) any interest in cash or cash equivalents that constitute proceeds of a sale by the debtor of a money order that is made— (A) on or after the date that is 14 days prior to the date on which the petition is filed; and (B) under an agreement with a money order issuer that prohibits the commingling of such proceeds with property of the debtor (notwithstanding that, contrary to the agreement, the proceeds may have been commingled with property of the debtor),

    The bill says: in paragraph (9), in the matter following subparagraph (B), by striking "or" at the end;

    Bill text · Current law (11 U.S.C. 541)

  12. 11 U.S.C. 541(b)(10)(C)changedby S. 1582 Sec. 11(e)

    The bill says: in paragraph (10)(C), by striking the period and inserting "; or"; and

    Bill text · Current law (11 U.S.C. 541)

  13. 11 U.S.C. 541(b)added (11)by S. 1582 Sec. 11(e)

    (11) required payment stablecoin reserves under section 4 of the GENIUS Act, provided that notwithstanding the exclusion of such reserves from the property of the estate, section 362 of this title shall apply to such reserves.

    The bill says: by inserting after paragraph (10) the following:

    Bill text · Current law (11 U.S.C. 541)

  14. 11 U.S.C. 1109added (c)by S. 1582 Sec. 11(f)

    (c) The Comptroller of the Currency or State payment stablecoin regulator (as defined in section 2 of the GENIUS Act) shall raise, and shall appear and be heard on, any issue, including the protection of customers, in a case under this chapter in which the debtor is a permitted payment stablecoin issuer.

    The bill says: Section 1109 of title 11, United States Code, is amended by adding at the end the following:

    Bill text · Current law (11 U.S.C. 1109)

  15. 15 U.S.C. 80b-2(a)(18)addedby S. 1582 Sec. 17(a)

    The bill says: Section 202(a)(18) of the Investment Advisers Act of 1940 (15 U.S.C. 80b–2(a)(18)) is amended by adding at the end the following: "The term "security" does not include a payment stablecoin issued by a permitted payment stablecoin issuer, as such terms are defined in section 2 of the GENIUS Act.".

    Bill text · Current law (15 U.S.C. 80b-2)

  16. 15 U.S.C. 80a-1addedby S. 1582 Sec. 17(b)

    The bill says: in section 2(a)(36) of the Act (15 U.S.C. 80a–2(a)(36)), by adding at the end the following: "The term "security" does not include a payment stablecoin issued by a permitted payment stablecoin issuer, as such terms are defined in section 2 of the GENIUS Act."; and

    Bill text · Current law (15 U.S.C. 80a-1)

  17. 15 U.S.C. 80a-1changedby S. 1582 Sec. 17(b)

    The bill says: in section 3(c)(3) of the Act (15 U.S.C. 80a–3(c)(3)), by inserting "any permitted payment stablecoin issuer, as such term is defined in section 2 of the GENIUS Act;" after "therefor;".

    Bill text · Current law (15 U.S.C. 80a-1)

  18. 15 U.S.C. 77b(a)(1)addedby S. 1582 Sec. 17(c)

    The bill says: Section 2(a)(1) of the Securities Act of 1933 (15 U.S.C. 77b(a)(1)) is amended by adding at the end the following: "The term "security" does not include a payment stablecoin issued by a permitted payment stablecoin issuer, as such terms are defined in section 2 of the GENIUS Act.".

    Bill text · Current law (15 U.S.C. 77b)

  19. 15 U.S.C. 78c(a)(10)addedby S. 1582 Sec. 17(d)

    The bill says: Section 3(a)(10) of the Securities Exchange Act of 1934 (15 U.S.C. 78c(a)(10)) is amended by adding at the end the following: "The term "security" does not include a payment stablecoin issued by a permitted payment stablecoin issuer, as such terms are defined in section 2 of the GENIUS Act.".

    Bill text · Current law (15 U.S.C. 78c)

  20. 15 U.S.C. 78lll(14)addedby S. 1582 Sec. 17(e)

    The bill says: Section 16(14) of the Securities Investor Protection Act of 1970 (15 U.S.C. 78lll(14)) is amended by adding at the end the following: "The term "security" does not include a payment stablecoin issued by a permitted payment stablecoin issuer, as such terms are defined in section 2 of the GENIUS Act.".

    Bill text · Current law (15 U.S.C. 78lll)

  21. 7 U.S.C. 1a(9)addedby S. 1582 Sec. 17(f)

    The bill says: Section 1a(9) of the Commodity Exchange Act (7 U.S.C. 1a(9)) is amended by adding at the end the following: "The term "commodity" does not include a payment stablecoin issued by a permitted payment stablecoin issuer, as such terms are defined in section 2 of the GENIUS Act.".

    Bill text · Current law (7 U.S.C. 1a)

  22. 5 U.S.C. 13104(a)(3)changedby S. 1582 Sec. 19

    …as of the close of the preceding calendar year, excluding any personal liability owed to the reporting individual by a spouse or by a parent, brother, sister, or child of the reporting individual or of the reporting individual's spouse, or any deposits, any payment stablecoins issued by a permitted payment stablecoin issuer aggregating $5,000 or less held, or any deposits aggregating $5,000 or less in a personal savings account. For purposes of this paragraph, a personal savings account shall include any certificate of deposit or any other form of deposit in a bank, savings and loan association, credit…

    The bill says: Section 13104(a)(3) of title 5, United States Code, is amended, in the first sentence, by striking ", or any deposits" and inserting ", any payment stablecoins issued by a permitted payment stablecoin issuer aggregating $5,000 or less held, or any deposits".

    Bill text · Current law (5 U.S.C. 13104)

From the bill's official text on GovInfo and the U.S. Code, 2024 edition, which may not yet show changes made since.

What it does

Sourced

Guiding and Establishing National Innovation for U.S. Stablecoins Act or the GENIUS Act

This act establishes a regulatory framework for payment stablecoins (digital assets which an issuer must redeem for a fixed value).

Under the act, only permitted issuers may issue a payment stablecoin for use by U.S. persons, subject to certain exceptions and safe harbors. Permitted issuers must be a subsidiary of an insured depository institution, a federal-qualified nonbank payment stablecoin issuer, or a state-qualified payment stablecoin issuer. Permitted issuers must be regulated by the appropriate federal or state regulator. Permitted issuers may choose federal or state regulation; however, state regulation is limited to those with a stablecoin issuance of $10 billion or less.

Permitted issuers must maintain reserves backing the stablecoin on a one-to-one basis using U.S. currency or other similarly liquid assets, as specified. Permitted issuers must also publicly disclose their redemption policy and publish monthly the details of their reserves.

The act specifies requirements for (1) reusing reserves; (2) providing safekeeping services for stablecoins; and (3) supervisory, examination, and enforcement authority over federal-qualified issuers.

The act allows foreign issuers of stablecoins to offer, sell, or make available in the United States stablecoins using digital asset service providers, subject to requirements, including a determination by the Department of Treasury that they are subject to comparable foreign regulations.

Under the act, permitted payment stablecoins are not considered securities or commodities under law. However, permitted issuers are subject to the Bank Secrecy Act for anti-money laundering and related purposes.

(Sec. 3) This section establishes that only payment stablecoin issuers permitted under this act are allowed to issue a payment stablecoin in the United States. Knowing violations of this requirement shall be subject to a fine of up to $1 million for each violation, up to 5 years imprisonment, or both. Treasury may issue regulations establishing limited safe harbors from this requirement that are consistent with the act's purposes, limited in scope, and apply to a de minimus volume of transactions.

Three years after the date of enactment, digital asset service providers are prohibited from offering or selling stablecoins that are not issued by permitted issuers. Providers are also prohibited from offering, selling, or otherwise making available in the United States a foreign-issued payment stablecoin, unless it complies with requirements provided in section 18 of the act.

(Sec. 4) This section establishes requirements for permitted issuers. Issuers must maintain reserves on a one-to-one basis. Reserves must be comprised of

• U.S. coins and currency;

• demand deposits or shares at an insured depository institution;

• certain Treasury acts, notes, or bonds;

• money received under certain repurchase agreements or reverse repurchase agreements;

• certain investment company securities and money market funds invested in certain approved assets on this list;

• similarly liquid federal assets approved by regulators; or

• certain listed reserves in tokenized forms.

Issuers must comply with redemption requirements, such as establishing timely redemption procedures and disclosing such procedures and associated fees. Issuers must also report on the monthly composition of the issuer's reserves. These reports must be examined by a registered public accounting firm and certified by the chief executive officer and chief financial officer of the issuer.

The section prohibits the rehypothecation, or reuse, of reserves with limited exceptions.

Primary federal payment stablecoin regulators (federal regulators) and state payment stablecoin regulators (state regulators), where applicable, must issue regulations to implement capital requirements, liquidity reserve standards, reserve asset diversification standards, and risk management standards.

Issuers are subject to the anti-money laundering and counterterrorism requirements that are applicable to financial institutions.

The section sets forth requirements regarding activities of a permitted issuer, including by prohibiting issuers from providing services on the condition that a customer obtains an additional paid product or service from the issuer or a subsidiary.

Large issuers (those with more than $50 billion in consolidated total outstanding issuance) must publish an audited annual financial statement in accordance with generally accepted accounting principles.

The section prohibits a public nonfinancial services company from issuing payment stablecoins unless the company obtains unanimous approval from the Stablecoin Certification Review Committee.

A state qualified payment stablecoin issuer with a consolidated total outstanding issuance of not more than $10 billion may opt for state regulation if such regulation is substantially similar to the federal regulatory framework under this act. If the issuance exceeds that amount, the issuer must transition to federal regulation, receive a waiver from the federal regulator to remain under state regulation, or stop issuing stablecoins until the issuance is under the threshold.

(Sec. 5) This section establishes requirements for stablecoins issued by subsidiaries of insured depository institutions and certain entities chartered by the Office of the Comptroller of the Currency (OCC) to issue payment stablecoins. Federal regulators must establish an application process and a supervision framework for such entities.

The section sets forth requirements for the review of applications, explanations for denials, and an appeals process.

(Sec. 6) This section sets forth supervision, examination, and enforcement requirements for payment stablecoin issuers under federal supervision. The provisions include reporting on financial conditions, risk management, compliance with the act, and compliance with sanctions and anti-money laundering requirements. The section specifies that payment stablecoin issuers with less than $10 billion in consolidated total outstanding issuance are subject to federal supervision if they are not state qualified payment stablecoin issuers.

The section establishes civil penalties for violations of this act that are committed by those subject to federal supervision.

(Sec. 7) This section establishes state regulatory authority over issuers that qualify for and elect state regulation. The Federal Reserve Board may exercise enforcement authority over state issuers in unusual and exigent circumstances. The OCC must exercise enforcement authority over nonbank state issuers in these circumstances.

(Sec. 8) This section requires foreign issuers to comply with the terms of lawful orders to be allowed to offer, sell, or make available for trading a payment stablecoin in the United States. The section sets forth enforcement and appeal provisions. Treasury may waive the prohibition against the secondary trading of foreign payment stablecoins in the United States from noncompliant foreign issuers on a case-by-case basis if certain criteria are met.

(Sec. 9) Treasury must seek public comment regarding methods, techniques, or strategies for financial institutions to detect illicit activities involving digital assets and perform research and risk assessments on such methods, techniques, or strategies. Treasury must report their legislative recommendations to Congress and the Financial Crimes Enforcement Network must issue rules based on the results.

(Sec. 10) This section establishes requirements for custodial or safekeeping services for payment stablecoin reserves, collateral, and the private keys used to issue stablecoins. Among other requirements, such property must be separately accounted for and not comingled with other assets of the custodian.

(Sec. 11) This section addresses the treatment of payment stablecoins and stablecoin issuers in bankruptcy and insolvency proceedings, including their claim priority, conditions for an automatic stay, and the treatment of reserves as property of the estate.

Federal regulators must also report on topics regarding potential insolvency proceedings of issuers.

(Sec. 12) Federal regulators may, if determined necessary after an assessment, prescribe technical standards for issuers to promote compatibility and interoperability with other issuers and the broader digital finance system.

(Sec. 13) This section requires regulators to issue regulations to carry out the act, with federal and state regulators and Treasury coordinating as appropriate.

(Sec. 14) This section requires Treasury to study and report on nonpayment stablecoins, including endogenously collateralized payment stablecoins (a digital asset the originator of which has represented will be converted, redeemed, or repurchased for a fixed amount of monetary value and that relies solely on the value of another digital asset created or maintained by the same originator to maintain the fixed price).

(Sec. 15) This section requires federal regulators to annually report on payment stablecoin activity trends, the number of payment stablecoin issuer applicants, and the potential financial stability risks to the safety and soundness of the broader financial system posed by payment stablecoin activities.

(Sec. 16) This section defines authorities related to the act, such as by providing that the act does not limit the authority of a depository institution, credit union, national bank, or trust company to issue digital assets to represent deposits or shares.

Federal financial regulators may not require a financial institution to include certain digital assets held in its custody as a liability on financial statements or balance sheets.

(Sec. 17) This section establishes that payment stablecoins issued by permitted issuers are not securities or commodities under federal law.

(Sec. 18) This section provides an exception to the act's prohibition on foreign-issued payment stablecoins. For the exception to apply, foreign issuers must be subject to regulation and supervision by a foreign country that is comparable to the requirements under this act, as determined by Treasury. The foreign issuer must also be registered with the OCC, hold sufficient reserves in a U.S. financial institution (subject to exceptions), and the country where the issuer is domiciled must not be subject to U.S. sanctions.

The section sets forth requirements for Treasury's determination as to whether a foreign country has comparable regulatory and supervisory requirements, including the process of requesting a determination, the deadline for Treasury to render a decision, and the process by which Treasury may rescind a previous determination.

The section also sets forth OCC registration requirements.

Treasury may implement reciprocal or bilateral agreements between the United States and jurisdictions with comparable regulatory requirements.

(Sec. 19) This section requires certain federal employees to disclose holdings over $5,000 of permitted payment stablecoins as part of required financial disclosures.

(Sec. 20) The act takes effect on the earlier of (1) 18 months after the date of enactment, or (2) 120 days after federal regulators issue final regulations implementing the act.

Official summary by the Congressional Research Service (Public Law, Jul 18, 2025).

Our plain-language breakdown, with what it means for you and the case for and against, is written once a bill starts to move.

What has happened

Sourced
  1. 2025-07-18Became Public Law No: 119-27.Library of Congress
  2. 2025-07-18Became Public Law No: 119-27.Library of Congress
  3. 2025-07-18Signed by President.Library of Congress
  4. 2025-07-18Signed by President.Library of Congress
  5. 2025-07-17Motion to reconsider laid on the table Agreed to without objection.House floor actions
  6. 2025-07-17On passage Passed by the Yeas and Nays: 308 - 122 (Roll no. 200). (text: CR H3405-3418) Roll call recordHouse floor actions
  7. 2025-07-17Passed/agreed to in House: On passage Passed by the Yeas and Nays: 308 - 122 (Roll no. 200). Roll call recordLibrary of Congress
  8. 2025-07-17Considered as unfinished business. (consideration: CR H3449-3450)House floor actions
  9. 2025-07-17POSTPONED PROCEEDINGS - At the conclusion of debate on S. 1582, the Chair put the question on passage of the bill and by voice vote, announced that the ayes had prevailed. Ms. Waters demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.House floor actions
  10. 2025-07-17The previous question was ordered pursuant to the rule.House floor actions
  11. 2025-07-17DEBATE - The House proceeded with one hour of debate on S. 1582.House floor actions
  12. 2025-07-17Rule provides for consideration of H.R. 4016, H.R. 3633, H.R. 1919 and S. 1582. The resolution provides for consideration of H.R. 4016 and H.R. 3633 under a structured rule, and H.R. 1919 and S. 1582 under a closed rule, with one hour of general debate on each bill. The resolution provides for a motion to recommit on H.R. 4016, H.R. 3633, and H.R. 1919, and a motion to commit on S. 1582.House floor actions
  13. 2025-07-17Considered under the provisions of rule H. Res. 580. (consideration: CR H3405-3427)House floor actions
  14. 2025-07-17Presented to President.House floor actions
  15. 2025-07-17Presented to President.Library of Congress
  16. 2025-07-16Rule H. Res. 580 passed House.House floor actions
  17. 2025-07-15Rules Committee Resolution H. Res. 580 Reported to House. Rule provides for consideration of H.R. 4016, H.R. 3633, H.R. 1919 and S. 1582. The resolution provides for consideration of H.R. 4016 and H.R. 3633 under a structured rule, and H.R. 1919 and S. 1582 under a closed rule, with one hour of general debate on each bill. The resolution provides for a motion to recommit on H.R. 4016, H.R. 3633, and H.R. 1919, and a motion to commit on S. 1582.House floor actions
  18. 2025-06-23Held at the desk.House floor actions
  19. 2025-06-23Received in the House.House floor actions
  20. 2025-06-23Message on Senate action sent to the House.Senate
  21. 2025-06-17Passed Senate with an amendment by Yea-Nay Vote. 68 - 30. Record Vote Number: 318. (text: CR S3419-3432) Roll call recordSenate
  22. 2025-06-17Passed/agreed to in Senate: Passed Senate with an amendment by Yea-Nay Vote. 68 - 30. Record Vote Number: 318. Roll call recordLibrary of Congress
  23. 2025-06-17Considered by Senate. (consideration: CR S3418-3432)Senate
  24. 2025-06-12Cloture on the bill, as amended invoked in Senate by Yea-Nay Vote. 67 - 27. Record Vote Number: 312. Roll call recordSenate
  25. 2025-06-12Considered by Senate. (consideration: CR S3366-3367)Senate
  26. 2025-06-11Motion by Senator Thune to commit to Senate Committee on Banking, Housing, and Urban Affairs with instructions to report back forthwith with the following amendment (SA 2312) fell when cloture was invoked on amendment SA 2307 in Senate.Senate
  27. 2025-06-11Considered by Senate. (consideration: CR S3335-3336)Senate
  28. 2025-06-09Motion by Senator Thune to commit to Senate Committee on Banking, Housing, and Urban Affairs with instructions to report back forthwith with the following amendment (SA 2312) made in Senate.Senate
  29. 2025-06-09Cloture motion on the bill presented in Senate. (CR S3276)Senate
  30. 2025-06-09Considered by Senate. (consideration: CR S3275-3277)Senate
  31. 2025-06-02Considered by Senate. (consideration: CR S3155-3156)Senate
  32. 2025-05-21Measure laid before Senate by motion. (consideration: CR S3025)Senate
  33. 2025-05-21Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 69 - 31. Record Vote Number: 263. Roll call recordSenate
  34. 2025-05-21Motion to proceed to measure considered in Senate. (CR S3017)Senate
  35. 2025-05-20Motion to proceed to measure considered in Senate. (CR S2983)Senate
  36. 2025-05-19Motion by Senator Thune to reconsider the vote by which cloture on the motion to proceed to the measure was not invoked (Record Vote No. 240) rendered moot in Senate.Senate
  37. 2025-05-19Cloture motion on the motion to proceed rendered moot in Senate.Senate
  38. 2025-05-19Second cloture motion on the motion to proceed invoked in Senate by Yea-Nay Vote. 66 - 32. Record Vote Number: 262. (CR S2965) Roll call recordSenate
  39. 2025-05-15Second cloture motion on the motion to proceed presented in Senate. (CR S2947)Senate
  40. 2025-05-15Motion to proceed to consideration of measure made in Senate.Senate
  41. 2025-05-12Motion to proceed to consideration of measure made in Senate. (CR S2847)Senate
  42. 2025-05-08Motion by Senator Thune to reconsider the vote by which cloture on the motion to proceed to the measure was not invoked (Record Vote No. 240) made in Senate.Senate
  43. 2025-05-08Cloture on the motion to proceed to the measure not invoked in Senate by Yea-Nay Vote. 48 - 49. Record Vote Number: 240. (CR S2823) Roll call recordSenate
  44. 2025-05-08Motion to proceed to consideration of measure made in Senate. (CR S2814)Senate
  45. 2025-05-06Cloture motion on the motion to proceed to the measure presented in Senate. (CR S2772)Senate
  46. 2025-05-06Motion to proceed to consideration of measure made in Senate. (CR S2772)Senate
  47. 2025-05-05Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 66.Senate
  48. 2025-05-01Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.Senate
  49. 2025-05-01Introduced in SenateLibrary of Congress

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After it became law

Sourced

Since it became law on Jul 18, 2025, the Federal Register, the government's daily record of rules and notices, has published 47 documents that name it: 5 final rules, 25 proposed rules and 17 notices. 21 of them name it in the title, the summary or the legal authority.

Open for public comment now

Anyone can comment on a proposed rule. Agencies must read and answer the comments before a rule is final.

Named in the title, summary or legal authority

  1. Final ruleOct 23, 2026Comptroller of the Currency, Treasury Department
    Implementing the Guiding and Establishing National Innovation for U.S. Stablecoins Act for the Issuance of Stablecoins by Entities Subject to the Jurisdiction of the Office of the Comptroller of the Currency
    The Office of the Comptroller of the Currency (OCC) is issuing regulations implementing the Guiding and Establishing National Innovation for U.S. Stablecoins Act regarding the issuance of payment stablecoins and certain related activities by entities subject to the OCC's jurisdiction.
    Names the law in its title · Takes effect Jan 18, 2027 · Changes 12 CFR part 3, 12 CFR part 6, 12 CFR part 8, 12 CFR part 15 and 1 more
  2. NoticeOct 23, 2026Comptroller of the Currency, Treasury Department
    Agency Information Collection Activities: Proposed Information Collection; Submission for OMB Review; Applications for Licensing or Registration To Issue Payment Stablecoins Under the GENIUS Act
    The OCC is proposing a new information collection to comply with the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act or the Act) requirement for entities seeking to issue payment stablecoins in the United States, titled "Applications for Licensing or Registration to Issue Payment Stablecoins Under the GENIUS Act." The OCC is seeking a new OMB control number for this information collection and is giving notice that it has sent the collection to OMB for review.
    Names the law in its title

    Open for comment until Nov 23, 2026. How to comment

  3. Final ruleSep 30, 2026Treasury Department
    Forms and Procedures for Review of State Certifications by the Stablecoin Certification Review Committee
    The Committee is adopting interim procedural regulations and forms to implement its responsibilities under section 4(c) of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act or the Act).
    Names the law in its summary · In effect since Sep 30, 2026

    Open for comment until Nov 30, 2026. Comment on Regulations.gov

  4. Proposed ruleSep 29, 2026Federal Reserve System
    Application Procedures for Board-Supervised Insured Depository Institutions Seeking Approval for a Subsidiary To Issue Payment Stablecoins
    The Board of Governors of the Federal Reserve System (Board) proposes to issue regulations that would establish procedures to be followed by an insured State member bank that seeks to obtain Board approval for a subsidiary to issue payment stablecoins pursuant to the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act).
    Names the law in its summary · Would change 12 CFR part 247, 12 CFR part 262

    Open for comment until Nov 30, 2026. How to comment

  5. Proposed ruleSep 29, 2026Federal Reserve System
    Implementing the Federal Reserve Board's Responsibilities Under the GENIUS Act
    The Board of Governors of the Federal Reserve System (Board) proposes to issue regulations to implement the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) with respect to Board-supervised permitted payment stablecoin issuers (PPSIs) and certain other entities that are subject to the Board's jurisdiction.
    Names the law in its title · Would change 12 CFR part 208, 12 CFR part 211, 12 CFR part 217, 12 CFR part 225 and 2 more

    Open for comment until Nov 30, 2026. How to comment

  6. Proposed ruleAug 18, 2026Treasury Department
    GENIUS Act Regulations on Payment Stablecoin Issuance, Offer, and Sale
    The GENIUS Act, enacted on July 18, 2025, establishes a comprehensive framework for the regulation of payment stablecoins.
    Names the law in its title · Comments closed Oct 19, 2026
  7. NoticeJul 27, 2026Comptroller of the Currency, Treasury Department
    Agency Information Collection Activities: Proposed Information Collection; Comment Request; Applications for Licensing or Registration To Issue Payment Stablecoins Under the GENIUS Act
    The OCC is proposing a new information collection to comply with the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act or the Act) requirement for entities seeking to issue payment stablecoins in the United States.
    Names the law in its title · Comments closed Sep 25, 2026
  8. Proposed ruleJun 24, 2026Comptroller of the Currency, Treasury Department
    Permitted Payment Stablecoin Issuer Anti-Money Laundering/Countering the Financing of Terrorism and Sanctions Compliance Risk Management
    The Office of the Comptroller of the Currency (OCC), in coordination with the Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC), proposes to issue regulations to implement the Guiding and Establishing National Innovation for U.S. Stablecoins Act's requirement to issue regulations implementing appropriate Bank Secrecy Act (BSA) and sanctions compliance standards for permitted payment stablecoin issuers subject to the OCC's jurisdiction.
    Names the law in its summary · Comments closed Jul 24, 2026 · Would change 12 CFR part 4, 12 CFR part 15, 12 CFR part 19
  9. Proposed ruleJun 22, 2026Financial Crimes Enforcement Network, Treasury Department
    Permitted Payment Stablecoin Issuer Customer Identification Program
    The Financial Crimes Enforcement Network (FinCEN), together with the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Board), the Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration (NCUA) are jointly issuing this proposed rule to implement certain provisions of the Guiding and Establishing National and Innovation for U.S. Stablecoins Act (GENIUS Act).
    Names the law in its summary · Comments closed Aug 21, 2026 · Would change 31 CFR part 1033
  10. Proposed ruleJun 5, 2026Federal Deposit Insurance Corporation
    Bank Secrecy Act and Sanctions Compliance Standards for FDIC-Supervised Permitted Payment Stablecoin Issuers
    The Federal Deposit Insurance Corporation (FDIC) proposes to issue regulations pursuant to the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) that would implement appropriate Bank Secrecy Act (BSA) and sanctions compliance standards applicable to FDIC-supervised permitted payment stablecoin issuers.
    Names the law in its summary · Comments closed Aug 4, 2026 · Would change 12 CFR part 350
  11. Proposed ruleMay 18, 2026National Credit Union Administration
    Implementing the Guiding and Establishing National Innovation for U.S. Stablecoins Act for the Issuance of Stablecoins by Entities Subject to the Jurisdiction of the National Credit Union Administration
    The NCUA Board (Board) is seeking comment on proposed regulations to implement portions of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act).
    Names the law in its title · Comments closed Jul 17, 2026 · Would change 12 CFR part 702, 12 CFR part 704, 12 CFR part 706, 12 CFR part 745 and 1 more
  12. Proposed ruleApr 10, 2026Federal Deposit Insurance Corporation
    GENIUS Act Requirements and Standards for FDIC-Supervised Permitted Payment Stablecoin Issuers and Insured Depository Institutions
    The Federal Deposit Insurance Corporation (FDIC) is soliciting comment on a proposal that would implement certain requirements pursuant to the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) applicable to FDIC-supervised permitted payment stablecoin issuers and insured depository institutions, clarify deposit insurance coverage for deposits held as reserve assets for payment stablecoins, and clarify the treatment of tokenized deposits.
    Names the law in its title · Comments closed Jun 9, 2026 · Would change 12 CFR part 324, 12 CFR part 330, 12 CFR part 350
Show 9 more
  1. Proposed ruleApr 10, 2026Foreign Assets Control Office, Financial Crimes Enforcement Network
    Permitted Payment Stablecoin Issuer Anti-Money Laundering/Countering the Financing of Terrorism Program and Sanctions Compliance Program Requirements
    The Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Assets Control (OFAC) are jointly issuing this proposed rule to implement provisions of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act).
    Names the law in its summary · Comments closed Jun 9, 2026 · Would change 31 CFR part 502, 31 CFR part 1010, 31 CFR part 1033
  2. Proposed ruleApr 3, 2026Treasury Department
    GENIUS Act Broad-Based Principles for Determining Whether a State-Level Regulatory Regime Is Substantially Similar to the Federal Regulatory Framework
    All comments should be captioned with "GENIUS Act State Similarity." Please include your name, organizational affiliation, address, email address, and telephone number in your comment.
    Names the law in its title · Comments closed Jun 2, 2026
  3. Proposed ruleMar 2, 2026Comptroller of the Currency, Treasury Department
    Implementing the Guiding and Establishing National Innovation for U.S. Stablecoins Act for the Issuance of Stablecoins by Entities Subject to the Jurisdiction of the Office of the Comptroller of the Currency
    The Office of the Comptroller of the Currency (OCC) proposes to issue regulations to implement the Guiding and Establishing National Innovation for U.S. Stablecoins Act regarding the issuance of payment stablecoins and certain related activities by entities subject to the OCC's jurisdiction.
    Names the law in its title · Comments closed May 1, 2026 · Would change 12 CFR part 3, 12 CFR part 6, 12 CFR part 8, 12 CFR part 15 and 1 more
  4. Proposed ruleFeb 12, 2026National Credit Union Administration
    Investments in and Licensing of Permitted Payment Stablecoins Issuers
    The NCUA Board (Board) is seeking comment on proposed regulations to implement portions of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act).
    Names the law in its summary · Comments closed Apr 13, 2026 · Would change 12 CFR part 706
  5. Proposed ruleFeb 11, 2026Federal Deposit Insurance Corporation
    Approval Requirements for Issuance of Payment Stablecoins by Subsidiaries of FDIC-Supervised Insured Depository Institutions; Extension of Comment Period
    On December 19, 2025, the Federal Deposit Insurance Corporation (FDIC) published in the Federal Register a notice of proposed rulemaking that would establish procedures to be followed by an insured State nonmember bank or State savings association (each, an FDIC-supervised institution) that seeks to obtain FDIC approval to issue payment stablecoins through a subsidiary pursuant to the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act).
    Names the law in its summary · Comments closed May 18, 2026 · Would change 12 CFR part 303
  6. Proposed ruleDec 19, 2025Federal Deposit Insurance Corporation
    Approval Requirements for Issuance of Payment Stablecoins by Subsidiaries of FDIC-Supervised Insured Depository Institutions
    The Federal Deposit Insurance Corporation (FDIC) is soliciting comments on a proposal that would establish procedures to be followed by an insured State nonmember bank or State savings association (each, an FDIC-supervised institution) that seeks to obtain FDIC approval to issue payment stablecoins through a subsidiary pursuant to the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act).
    Names the law in its summary · Comments closed Feb 17, 2026 · Would change 12 CFR part 303
  7. Proposed ruleOct 1, 2025Treasury Department
    GENIUS Act Implementation
    SUPPLEMENTARY INFORMATION: On September 19, 2025, Treasury published in the Federal Register the ANPRM to solicit public comment on questions relating to the implementation of the GENIUS Act.
    Names the law in its title · Comments closed Nov 4, 2025
  8. Proposed ruleSep 19, 2025Treasury Department
    GENIUS Act Implementation
    The GENIUS Act tasks Treasury (and various other federal agencies) with issuing regulations that encourage innovation in payment stablecoins while also providing an appropriately tailored regime to protect consumers, mitigate potential illicit finance risks, and address financial stability risks.
    Names the law in its title · Comments closed Oct 20, 2025
  9. NoticeAug 18, 2025Treasury Department
    Request for Comment on Innovative Methods To Detect Illicit Activity Involving Digital Assets
    This notice fulfills a requirement of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) and supports the Administration's policy of supporting the responsible growth and use of digital assets, as outlined in the January 23, 2025, Executive Order 14178 on "Strengthening American Leadership in Digital Financial Technology."
    Names the law in its summary · Comments closed Oct 17, 2025
Named only in the body of the document (26)

The quote shows how each one uses the law: as the reason for a change, as background, or in passing.

  1. NoticeOct 23, 2026Comptroller of the Currency, Treasury Department
    Agency Information Collection Activities: Proposed Information Collection; Submission for OMB Review; Reporting Forms and Instructions for Permitted Payment Stablecoin Issuers Subject to the Jurisdiction of the Office of the Comptroller of the Currency
    Description: The Guiding and Establishing National Innovation for U.S. Stablecoins Act (12 U.S.C. 5901 et seq.) (GENIUS Act or the Act) was enacted on July 18, 2025.

    Open for comment until Nov 23, 2026. How to comment

  2. Proposed ruleOct 13, 2026Commodity Futures Trading Commission
    Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets
    Any crypto asset, other than a "payment stablecoin" issued by a "permitted payment stablecoin issuer," as such terms are defined in section 2 of the Guiding and Establishing National Innovation for U.S. Stablecoins Act, Public Law 119-27, 139 Stat. 419 (2025) ("GENIUS Act"), could meet the definition of "commodity" under the Act.
    Would change 17 CFR part 1, 17 CFR part 38, 17 CFR part 39

    Open for comment until Dec 14, 2026. Comment on Regulations.gov

  3. Proposed ruleOct 6, 2026Securities and Exchange Commission
    Adviser and Regulated Fund Custody Rules; Crypto Custody Rules
    The Commission's proposed definition of "crypto asset" is generally consistent with the definition of "Digital Asset" in section 2(6) of the GENIUS Act.
    Would change 17 CFR part 270, 17 CFR part 274, 17 CFR part 275, 17 CFR part 279 · Significant rule

    Open for comment until Dec 7, 2026. How to comment

  4. NoticeSep 22, 2026Securities and Exchange Commission
    Order Granting Temporary Conditional Exemptive Relief, Pursuant to Section 36(a)(1) of the Securities Exchange Act of 1934, From the Definition of “Exchange” in Section 3(a)(1) of the Exchange Act for the Use of Certain Distributed Ledger Trading Venues for Tokenized NMS Stocks and From the Definition of “Dealer” in Section 3(a)(5) of the Exchange Act for Certain Liquidity Providers for Tokenized NMS Stocks, and Request for Comment
    Section 2(8) of the Guiding and Establishing National Innovation for U.S. Stablecoins Act, Public Law 119-27, 139 Stat. 419 (2025) ("GENIUS Act").
  5. Proposed ruleSep 22, 2026Federal Deposit Insurance Corporation
    Merger Transactions
    Under the GENIUS Act, an IDI that seeks to issue payment stablecoins must do so through a subsidiary that has been approved to issue payment stablecoins.
    Would change 12 CFR part 303, 12 CFR part 314, 12 CFR part 333

    Open for comment until Nov 23, 2026. How to comment

  6. NoticeSep 18, 2026Securities and Exchange Commission
    Public Company Accounting Oversight Board; Notice of Filing of Proposed Rules on Amendments to QC 1000, A Firm's System of Quality Control, and Related Rule and Forms
    See, e.g., Guiding and Establishing National Innovation for U.S. Stablecoins Act, Pub. L. 119-27 (July 18, 2025), section 4(a)(3)(A), 12 U.S.C. 5903(a)(3)(A) (requiring month-end reports of permitted payment stablecoin issuers to be examined by a PCAOB-registered firm).
  7. NoticeSep 9, 2026Securities and Exchange Commission
    Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Filing of a Proposed Rule Change To Amend FINRA Rules 0150 (Application of Rules to Exempted Securities Except Municipal Securities), 2165 (Financial Exploitation of Specified Adults) and 4512 (Customer Account Information) and To Adopt FINRA Rule 2166 (Temporary Delays for Suspected Fraud)
    E. Protection of Customer Assets FINRA recognizes that member firms may hold crypto assets for customers, such as payment stablecoins regulated by the GENIUS Act.
  8. Final ruleSep 1, 2026Comptroller of the Currency, Federal Deposit Insurance Corporation
    Unsafe or Unsound Practices, Matters Requiring Attention
    While the agencies recognize that greater clarity may be beneficial regarding what was intended by this phrase, the agencies believe that providing an enumerated list of all such banking or banking-related laws and regulations could be overly restrictive and could prevent the agencies from effectively implementing and examining compliance with newly-adopted laws and regulations (e.g., the Guiding and Establishing National Innovation for U.S. Stablecoins Act).
    Takes effect Nov 2, 2026 · Changes 12 CFR part 4, 12 CFR part 305
  9. Proposed ruleAug 21, 2026Securities and Exchange Commission
    Regulation Crypto Assets
    The foregoing definition of "crypto asset" is identical to the definition of "Digital Asset" in section (2)(6) of the Guiding and Establishing National Innovation for U.S. Stablecoins Act, Public Law 119-27, 139 Stat. 419 (July 18, 2025).
    Comments closed Oct 20, 2026 · Would change 17 CFR part 200, 17 CFR part 201, 17 CFR part 228, 17 CFR part 230 and 2 more · Significant rule
  10. NoticeAug 14, 2026Regulatory Information Service Center
    Introduction to the Unified Agenda of Federal Regulatory and Deregulatory Actions-2026
    GENIUS Act Requirements 3064-AG19 Proposed Rule Stage. for FDIC-Supervised Permitted Payment Stablecoin Issuers.
  11. NoticeAug 14, 2026Treasury Department
    Agenda
    Legal Authority: GENIUS Act; Bank Secrecy Act Abstract: The Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Assets Control (OFAC) are jointly issuing a notice of proposed rulemaking to implement the…
  12. Proposed ruleAug 5, 2026Comptroller of the Currency, Treasury Department
    OCC Rules Regarding the Availability of OCC Information
    This definition includes Federal agencies with which the OCC has historically shared information, as well as other Federal or State government agencies with which the OCC may share information, including under its rule implementing the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) (12 U.S.C. 5901 et seq.).
    Comments closed Oct 5, 2026 · Would change 12 CFR part 4, 12 CFR part 5, 12 CFR part 7, 12 CFR part 21 and 1 more
  13. NoticeJul 20, 2026Federal Deposit Insurance Corporation
    Reporting Forms and Instructions Associated With Requirements and Standards for FDIC-Supervised Permitted Payment Stablecoin Issuers
    The FDIC is requesting OMB approval for the following collection of information related to the FDIC's notice of proposed rulemaking titled "GENIUS Act Requirements and Standards for FDIC-Supervised Permitted Payment Stablecoin Issuers and Insured Depository Institutions" (the proposal).
    Comments closed Sep 18, 2026
  14. Proposed ruleJul 9, 2026Federal Reserve System
    Anti-Money Laundering and Countering the Financing of Terrorism Programs
    Pub. L. 119-27, codified at 12 U.S.C. 5901 et seq. The GENIUS Act requires that permitted payment stablecoin issuers (PPSIs) be treated as financial institutions under the BSA, including being required to maintain "an effective anti-money laundering program." See 12 U.S.C. 5903(a)(5)(i).
    Comments closed Sep 8, 2026 · Would change 12 CFR part 208
  15. NoticeJun 17, 2026Securities and Exchange Commission
    Self-Regulatory Organizations; NYSE Arca, Inc.; Order Granting Approval of a Proposed Rule Change, as Modified by Amendment No. 2 Thereto, To List and Trade Shares of the T. Rowe Price Active Crypto ETF under NYSE Arca Rule 8.201-E (Generic) Commodity-Based Trust Shares
    The Exchange further states that the Fund may continue to hold USDC unless and until any rules promulgated under the Guiding and Establishing National Innovation for U.S. Stablecoins Act ("GENIUS Act") no longer qualifies it as meeting the requirements of Rule 15c3-1.
  16. NoticeJun 12, 2026Comptroller of the Currency, Treasury Department
    Agency Information Collection Activities: Proposed Information Collection; Reporting Forms and Instructions for Permitted Payment Stablecoin Issuers Subject to the Jurisdiction of the Office of the Comptroller of the Currency; Comment Request
    Description: The Guiding and Establishing National Innovation for U.S. Stablecoins Act (12 U.S.C. 5901 et seq.) (GENIUS Act or the Act) was enacted on July 18, 2025.
    Comments closed Aug 11, 2026
  17. NoticeApr 29, 2026Securities and Exchange Commission
    Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing of a Proposed Rule Change, as Modified by Amendment No. 1 Thereto, To List and Trade Shares of the T. Rowe Price Active Crypto ETF Under NYSE Arca Rule 8.201-E (Generic) Commodity-Based Trust Shares
    If applicable, the Fund will only hold stablecoins in the form of USDC, a U.S. dollar denominated stablecoin issued by Circle Internet Financial, LLC that meets the definition of a "payment stablecoin" under the Guiding and Establishing National Innovation for U.S. Stablecoins Act ("GENIUS Act"), as enacted on July 18, 2025.
  18. Final ruleApr 13, 2026Internal Revenue Service, Treasury Department
    Occupations That Customarily and Regularly Received Tips; Definition of Qualified Tips
    Most notably, in July 18, 2025, Congress enacted the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act (Pub. L. 119-27), which provides a framework for regulating certain stablecoins, referred to as "payment stablecoins." The GENIUS Act makes clear that payment stablecoins are distinct from national currencies and provides that payment stablecoins may not be marketed as legal tender or as issued by the United States.
    In effect since Jun 12, 2026 · Changes 26 CFR part 1
  19. Proposed ruleApr 10, 2026Financial Crimes Enforcement Network, Treasury Department
    Anti-Money Laundering and Countering the Financing of Terrorism Programs
    Public Law 119-27, codified at 12 U.S.C. 5901 et seq. The GENIUS Act requires that permitted payment stablecoin issuers be treated as financial institutions for purposes of the BSA including being required to maintain "an effective anti-money laundering program." See 12 U.S.C. 5903(a)(5)(A)(i).
    Comments closed Jun 9, 2026 · Would change 31 CFR part 1010, 31 CFR part 1020, 31 CFR part 1021, 31 CFR part 1022 and 8 more
  20. Proposed ruleApr 10, 2026Comptroller of the Currency, Federal Deposit Insurance Corporation
    Anti-Money Laundering and Countering the Financing of Terrorism Programs
    Public Law 119-27, codified at 12 U.S.C. 5901 et seq. The GENIUS Act requires that permitted payment stablecoin issuers (PPSIs) be treated as financial institutions under the BSA, including being required to maintain "an effective anti-money laundering program." See 12 U.S.C. 5903(a)(5)(i).
    Comments closed Jun 9, 2026 · Would change 12 CFR part 21, 12 CFR part 326, 12 CFR part 748
  21. NoticeApr 9, 2026Federal Deposit Insurance Corporation
    Sunshine Act Meetings: Notice of Meeting Held With Less Than Seven Days' Advance Notice
    Notice of Proposed Rulemaking: GENIUS Act Requirements and Standards for FDIC-Supervised Permitted Payment Stablecoin Issuers and Insured Depository Institutions.
  22. NoticeApr 8, 2026Federal Deposit Insurance Corporation
    Sunshine Act Meetings: Notice of Meeting To Be Held With Less Than Seven Days' Advance Notice
    Notice of Proposed Rulemaking: GENIUS Act Requirements and Standards for FDIC-Supervised Permitted Payment Stablecoin Issuers and Insured Depository Institutions.
  23. Final ruleMar 23, 2026Commodity Futures Trading Commission, Securities and Exchange Commission
    Application of the Federal Securities Laws to Certain Types of Crypto Assets and Certain Transactions Involving Crypto Assets
    The foregoing definition of "crypto asset" is identical to the definition of "Digital Asset" in section 2(6) of the Guiding and Establishing National Innovation for U.S. Stablecoins Act, Public Law 119-27, 139 Stat. 419 (2025) ("GENIUS Act").
    In effect since Mar 23, 2026 · Changes 17 CFR part 1, 17 CFR part 231, 17 CFR part 241
  24. Proposed ruleMar 19, 2026Securities and Exchange Commission
    Publication or Submission of Quotations Without Specified Information
    The foregoing definition of "crypto asset" is identical to the definition of "Digital Asset" in section 2(6) of the Guiding and Establishing National Innovation for U.S. Stablecoins Act, Public Law 119-27, 139 Stat. 419 (2025).
    Comments closed May 18, 2026 · Would change 17 CFR part 240
  25. NoticeFeb 25, 2026Financial Crimes Enforcement Network, Treasury Department
    Bank Secrecy Act Advisory Group; Solicitation of Application for Membership
    FinCEN is also particularly interested in receiving nominations for eligible entities (as described above) that can share insights on Treasury's efforts to modernize the BSA framework and implement the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act).
  26. NoticeJan 28, 2026Management and Budget Office
    Notice; 2025 Statutory Pay-As-You-Go Act Annual Report
    Public Law 119-27, Guiding and Establishing National Innovation for U.S. Stablecoins Act; Public Law 119-31, VA Home Loan Program Reform Act; Public Law 119-37, Continuing Appropriations, Agriculture, Legislative Branch, Military…

Found by searching the Federal Register for Public Law 119-27 and the law's names, then reading each document: every one listed contains them, and the quote is its own words. An agency can carry out a law without naming it, so this list can miss some. Checked Oct 27, 2026. Every new law's rules

Recorded votes

Sourced

May 8, 2025 · Senate roll call 240 · needed 3/5

On the Cloture Motion: Cloture Motion Rejected 48–49

R 48 yes, 3 no, 2 present or not votingI 0 yes, 2 noD 0 yes, 44 no, 1 present or not voting

How each member voted · Official record

May 19, 2025 · Senate roll call 262 · needed 3/5

On Cloture on the Motion to Proceed: Cloture on the Motion to Proceed Agreed to 66–32

R 50 yes, 2 no, 1 present or not votingI 0 yes, 2 noD 16 yes, 28 no, 1 present or not voting

How each member voted · Official record

May 21, 2025 · Senate roll call 263 · needed 1/2

On the Motion to Proceed: Motion to Proceed Agreed to 69–31

R 51 yes, 2 noI 0 yes, 2 noD 18 yes, 27 no

How each member voted · Official record

Jun 11, 2025 · Senate roll call 305 · needed 3/5

On the Cloture Motion: Cloture Motion Agreed to 68–30

R 50 yes, 2 no, 1 present or not votingI 0 yes, 2 noD 18 yes, 26 no, 1 present or not voting

How each member voted · Official record

Jun 12, 2025 · Senate roll call 309 · needed 1/2

On the Motion to Table: Motion to Table Failed 45–52

R 1 yes, 52 noI 2 yes, 0 noD 42 yes, 0 no, 3 present or not voting

How each member voted · Official record

Jun 12, 2025 · Senate roll call 310 · needed 3/5

On the Motion: Motion Agreed to 64–33

R 51 yes, 2 noI 0 yes, 2 noD 13 yes, 29 no, 3 present or not voting

How each member voted · Official record

Jun 12, 2025 · Senate roll call 311 · needed 1/2

On the Amendment: Amendment Agreed to 67–30

R 51 yes, 2 noI 0 yes, 2 noD 16 yes, 26 no, 3 present or not voting

How each member voted · Official record

Jun 12, 2025 · Senate roll call 312 · needed 3/5

On the Cloture Motion: Cloture Motion Agreed to 67–27

R 51 yes, 2 noI 0 yes, 0 no, 2 present or not votingD 16 yes, 25 no, 4 present or not voting

How each member voted · Official record

Jun 17, 2025 · Senate roll call 318 · needed 1/2

On Passage of the Bill: Bill Passed 68–30

R 50 yes, 2 no, 1 present or not votingI 0 yes, 2 noD 18 yes, 26 no, 1 present or not voting

How each member voted · Official record

Jul 17, 2025 · House roll call 200 · needed 1/2

On Passage: Passed 308–122

R 206 yes, 12 no, 2 present or not votingD 102 yes, 110 no

How each member voted · Official record

Cosponsors

  • Cynthia M. Lummis R-WY
  • Bernie Moreno R-OH
  • Pete Ricketts R-NE
  • Tim Scott R-SC
  • Dan Sullivan R-AK