3.0.0
919
2025-10-09T03:26:14Z
2025-10-09T03:26:14Z
Senate
S
S
2025-03-10
119
https://www.congress.gov/bill/119th-congress/senate-bill/919
- ssbk00
Banking, Housing, and Urban Affairs Committee
Senate
Standing
  - Reported By
2025-03-18T17:03:23Z
  - Markup By
2025-03-13T18:36:23Z
  - Referred To
2025-03-10T22:29:28Z
- 2025-03-18
Senate
Placed on Senate Legislative Calendar under General Orders. Calendar No. 33.
Calendars
- 2025-03-18
  - ssbk00
Banking, Housing, and Urban Affairs Committee
Senate
Committee on Banking, Housing, and Urban Affairs. Reported by Senator Scott SC, under authority of the order of the Senate of 03/14/2025 with an amendment in the nature of a substitute. Without written report.
Committee
- 2025-03-18
Committee on Banking, Housing, and Urban Affairs. Reported by Senator Scott SC, under authority of the order of the Senate of 03/14/2025 with an amendment in the nature of a substitute. Without written report.
Committee
14000
9
Library of Congress
  - ssbk00
Banking, Housing, and Urban Affairs Committee
- 2025-03-13
  - ssbk00
Banking, Housing, and Urban Affairs Committee
Senate
Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
Committee
- 2025-03-10
  - ssbk00
Banking, Housing, and Urban Affairs Committee
Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
IntroReferral
- 2025-03-10
Introduced in Senate
IntroReferral
10000
9
Library of Congress
- H000601
Sen. Hagerty, Bill [R-TN]
Bill
Hagerty
R
TN
N
- S001184
Sen. Scott, Tim [R-SC]
Tim
Scott
R
SC
2025-03-10
True
- G000555
Sen. Gillibrand, Kirsten E. [D-NY]
Kirsten
Gillibrand
D
NY
E.
2025-03-10
True
- L000571
Sen. Lummis, Cynthia M. [R-WY]
Cynthia
Lummis
R
WY
M.
2025-03-10
True
- A000382
Sen. Alsobrooks, Angela D. [D-MD]
Angela
Alsobrooks
D
MD
2025-03-10
True
Finance and Financial Sector
- Accounting and auditing
2025-04-07T15:25:16Z
- Bank accounts, deposits, capital
2025-04-07T15:33:11Z
- Banking and financial institutions regulation
2025-04-07T16:07:57Z
- Bankruptcy
2025-04-07T16:05:17Z
- Business records
2025-04-07T15:03:44Z
- Civil actions and liability
2025-04-07T15:04:13Z
- Congressional oversight
2025-04-07T15:24:52Z
- Currency
2025-04-04T14:38:29Z
- Digital media
2025-04-04T14:38:23Z
- Financial crises and stabilization
2025-04-07T14:41:32Z
- Financial services and investments
2025-04-04T15:31:16Z
- Fraud offenses and financial crimes
2025-04-07T14:53:40Z
- Government studies and investigations
2025-04-07T16:06:54Z
- Interest, dividends, interest rates
2025-04-07T16:04:04Z
- International monetary system and foreign exchange
2025-04-07T16:08:53Z
- Judicial procedure and administration
2025-04-07T16:05:45Z
- Judicial review and appeals
2025-04-07T15:46:19Z
- Licensing and registrations
2025-04-07T15:46:04Z
- Securities
2025-04-07T16:07:21Z
- State and local government operations
2025-04-07T15:25:32Z
Finance and Financial Sector
2025-03-21T14:11:31Z
00
2025-03-10
Introduced in Senate
2025-08-28T19:54:42Z
Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025 or the GENIUS 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 for use by U.S. persons, 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. 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 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 allows foreign issuers to offer stablecoins in the United States if the issuer has the capability to comply with lawful orders. The Department of the Treasury must establish reciprocal agreements between the United States and similarly regulated jurisdictions.
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.

GENIUS Act of 2025
- Short Title(s) as Introduced
101

GENIUS Act of 2025
2025-03-25T05:38:19Z
Introduced in Senate
IS
- Short Title(s) as Introduced
101

Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025
2025-03-25T05:38:19Z
Introduced in Senate
IS
- Official Title as Introduced
6

A bill to provide for the regulation of payment stablecoins, and for other purposes.
2025-03-25T05:33:25Z
Introduced in Senate
IS
- Display Title
45

GENIUS Act of 2025
2025-03-20T03:38:18Z
- Short Title(s) as Reported to Senate
103

GENIUS Act of 2025
2025-03-20T03:38:17Z
S
Senate
Reported to Senate
RS
- Short Title(s) as Reported to Senate
103

Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025
2025-03-20T03:38:17Z
S
Senate
Reported to Senate
RS
- Reported to Senate
2025-03-18T04:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-119s919rs/xml/BILLS-119s919rs.xml
- Introduced in Senate
2025-03-10T04:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-119s919is/xml/BILLS-119s919is.xml
2025-03-18
Placed on Senate Legislative Calendar under General Orders. Calendar No. 33.
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.
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