3.0.0 2392 2025-10-09T03:26:14Z 2025-10-09T03:26:14Z House H HR 2025-03-26 119 https://www.congress.gov/bill/119th-congress/house-bill/2392 <pre>[Congressional Record Volume 171, Number 55 (Wednesday, March 26, 2025)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Mr. STEIL:H.R. 2392.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 18:To make all Laws which shall be necessary and proper forcarrying into Execution the foregoing Powers, and all otherPowers vested by this Constitution in the Government of theUnited States, or in any Department or Officer thereof.[Page H1303]</pre> hsba00 Financial Services Committee House Standing Reported By 2025-05-06T19:51:05Z Markup By 2025-04-02T15:00:00Z Referred To 2025-03-26T14:04:10Z H. Rept. 119-94 2025-05-06 Placed on the Union Calendar, Calendar No. 68. Calendars H12410 2 House floor actions 2025-05-06 Reported (Amended) by the Committee on Financial Services. H. Rept. 119-94. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2025-05-06 Reported (Amended) by the Committee on Financial Services. H. Rept. 119-94. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2025-04-02 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 17. Committee 2025-04-02 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held Committee 2025-03-26 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2025-03-26 Introduced in House IntroReferral Intro-H 9 Library of Congress 2025-03-26 Introduced in House IntroReferral 1000 9 Library of Congress S001213 Rep. Steil, Bryan [R-WI-1] Bryan Steil R WI 1 N H001072 Rep. Hill, J. French [R-AR-2] J. Hill R AR French 2 2025-03-26 True T000486 Rep. Torres, Ritchie [D-NY-15] Ritchie Torres D NY 15 2025-03-26 True E000294 Rep. Emmer, Tom [R-MN-6] Tom Emmer R MN 6 2025-03-26 True H001058 Rep. Huizenga, Bill [R-MI-4] Bill Huizenga R MI 4 2025-03-26 True M001204 Rep. Meuser, Daniel [R-PA-9] Daniel Meuser R PA 9 2025-03-26 True K000397 Rep. Kim, Young [R-CA-40] Young Kim R CA 40 2025-03-26 True M001236 Rep. Moore, Tim [R-NC-14] Tim Moore R NC 14 2025-03-26 True D000634 Rep. Downing, Troy [R-MT-2] Troy Downing R MT 2 2025-03-26 True H001099 Rep. Haridopolos, Mike [R-FL-8] Mike Haridopolos R FL 8 2025-03-26 True G000583 Rep. Gottheimer, Josh [D-NJ-5] Josh Gottheimer D NJ 5 2025-03-26 True L000607 Rep. Liccardo, Sam [D-CA-16] Sam Liccardo D CA T. 16 2025-03-26 True T000480 Rep. Timmons, William R. [R-SC-4] William Timmons R SC R. 4 2025-03-27 False L000599 Rep. Lawler, Michael [R-NY-17] Michael Lawler R NY 17 2025-03-31 False N000193 Rep. Nunn, Zachary [R-IA-3] Zachary Nunn R IA 3 2025-03-31 False R000612 Rep. Rose, John W. [R-TN-6] John Rose R TN W. 6 2025-04-01 False S001188 Rep. Stutzman, Marlin A. [R-IN-3] Marlin Stutzman R IN A. 3 2025-04-01 False T000488 Rep. Thanedar, Shri [D-MI-13] Shri Thanedar D MI 13 2025-04-28 False Finance and Financial Sector Bank accounts, deposits, capital 2025-04-10T14:13:13Z Banking and financial institutions regulation 2025-04-10T14:13:13Z Civil actions and liability 2025-04-10T14:13:13Z Computer security and identity theft 2025-04-10T14:13:13Z Computers and information technology 2025-04-10T14:13:13Z Congressional oversight 2025-04-10T14:30:03Z Consumer affairs 2025-04-10T14:13:13Z Currency 2025-04-10T14:13:13Z Digital media 2025-04-10T14:13:13Z Financial services and investments 2025-04-10T14:13:13Z Fraud offenses and financial crimes 2025-04-10T14:13:39Z Government studies and investigations 2025-04-10T14:20:07Z Judicial procedure and administration 2025-04-10T14:25:42Z Securities 2025-04-10T14:31:18Z State and local government operations 2025-04-10T14:17:57Z Finance and Financial Sector 2025-03-28T13:29:27Z

00 2025-03-26 Introduced in House 2025-09-05T15:11:28Z <p><strong>Stablecoin Transparency and Accountability for a Better Ledger Economy Act of 2025 or the STABLE Act of 2025</strong></p><p>This bill establishes a regulatory framework for payment&nbsp;stablecoins (digital assets which an issuer must redeem for a fixed value).</p><p>Under the bill, only permitted issuers may issue a payment stablecoin in the United States, subject to certain exceptions. 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&nbsp;regulator.&nbsp;A state regulator must certify that the state regulatory regime meets or exceeds federal requirements as established by the bill.&nbsp;</p><p>Permitted issuers must maintain reserves backing the&nbsp;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&nbsp;the details of their reserves.</p><p>The bill specifies requirements for (1) reusing reserves; (2) providing safekeeping services for&nbsp;stablecoins; and (3) supervisory, examination, and enforcement authority over federal-qualified issuers.</p><p>The bill places a two-year moratorium on new endogenously collateralized stablecoins (i.e., stablecoins that rely on the value of another digital asset created or maintained by the same originator to maintain the fixed price).</p><p>Under the bill, permitted payment&nbsp;stablecoins are not considered securities under securities law. However, permitted issuers&nbsp;are&nbsp;subject to the Bank Secrecy Act for anti-money laundering and related purposes.</p>

Short Title(s) as Reported to House 102 2025-05-07T08:23:16Z H House Reported in House RH Short Title(s) as Reported to House 102 2025-05-07T08:23:16Z H House Reported in House RH Display Title 45 2025-04-03T13:58:43Z Short Title(s) as Introduced 101 2025-03-28T08:23:17Z Introduced in House IH Short Title(s) as Introduced 101 2025-03-28T08:23:17Z Introduced in House IH Official Title as Introduced 6 2025-03-28T08:18:27Z Introduced in House IH Reported in House 2025-05-06T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-119hr2392rh/xml/BILLS-119hr2392rh.xml Introduced in House 2025-03-26T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-119hr2392ih/xml/BILLS-119hr2392ih.xml 2025-05-06 Placed on the Union Calendar, Calendar No. 68. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.