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
[Congressional Record Volume 171, Number 55 (Wednesday, March 26, 2025)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]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]
- 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
Stablecoin Transparency and Accountability for a Better Ledger Economy Act of 2025 or the STABLE Act of 2025
This bill establishes a regulatory framework for payment stablecoins (digital assets which an issuer must redeem for a fixed value).
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 regulator. A state regulator must certify that the state regulatory regime meets or exceeds federal requirements as established by the bill.
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 bill specifies requirements for (1) reusing reserves; (2) providing safekeeping services for stablecoins; and (3) supervisory, examination, and enforcement authority over federal-qualified issuers.
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).
Under the bill, permitted payment stablecoins are not considered securities under securities law. However, permitted issuers are subject to the Bank Secrecy Act for anti-money laundering and related purposes.

STABLE Act of 2025
- Short Title(s) as Reported to House
102

STABLE Act of 2025
2025-05-07T08:23:16Z
H
House
Reported in House
RH
- Short Title(s) as Reported to House
102

Stablecoin Transparency and Accountability for a Better Ledger Economy Act of 2025
2025-05-07T08:23:16Z
H
House
Reported in House
RH
- Display Title
45

STABLE Act of 2025
2025-04-03T13:58:43Z
- Short Title(s) as Introduced
101

STABLE Act of 2025
2025-03-28T08:23:17Z
Introduced in House
IH
- Short Title(s) as Introduced
101

Stablecoin Transparency and Accountability for a Better Ledger Economy Act of 2025
2025-03-28T08:23:17Z
Introduced in House
IH
- Official Title as Introduced
6

To provide for the regulation of payment stablecoins, and for other purposes.
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
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