Pub. L. 119-27
Pub. L. 119-27 - Guiding and Establishing National Innovation for U.S. Stablecoins Act" or the "GENIUS Act
- Pub. L. 119-27 - Guiding and Establishing National Innovation for U.S. Stablecoins Act" or the "GENIUS Act
- 119th Congress
- SECTION 1. SHORT TITLE.
- SEC. 2. DEFINITIONS.
- SEC. 3. ISSUANCE AND TREATMENT OF PAYMENT STABLECOINS.
- SEC. 4. REQUIREMENTS FOR ISSUING 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. 11. TREATMENT OF PAYMENT STABLECOIN ISSUERS IN INSOLVENCY PROCEEDINGS.
- SEC. 12. INTEROPERABILITY STANDARDS.
- SEC. 13. RULEMAKING.
- SEC. 14. STUDY ON NON-PAYMENT STABLECOINS.
- SEC. 15. REPORTS.
- SEC. 16. AUTHORITY OF BANKING INSTITUTIONS.
- SEC. 17. AMENDMENTS TO CLARIFY THAT PAYMENT STABLECOINS ARE NOT SECURITIES OR COMMODITIES AND PERMITTED PAYMENT STABLECOIN ISSUERS ARE NOT INVESTMENT COMPANIES.
- SEC. 18. EXCEPTION FOR FOREIGN PAYMENT STABLECOIN ISSUERS AND RECIPROCITY FOR PAYMENT STABLECOINS ISSUED IN OVERSEAS JURISDICTIONS.
- SEC. 19. DISCLOSURE RELATING TO PAYMENT STABLECOINS.
- SEC. 20. EFFECTIVE DATE.
- Legislative History
- LEGISLATIVE HISTORY—S. 1582:
- CONGRESSIONAL RECORD, Vol. 171 (2025):
- DAILY COMPILATION OF PRESIDENTIAL DOCUMENTS (2025):
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