US Congress · 119th Congress (2025-2026)

S 1582Law

GENIUS Act

Source of recordUS Congress · congress.govLast synced Jul 30, 2026

Chamber

Senate

Progress

Where this bill stands in the legislative process.

Introduced
Passed Senate
Passed House
To President
Became Law

Overview

The GENIUS Act establishes a regulatory framework for payment stablecoins in the United States. It specifies that only permitted issuers – subsidiaries of insured depository institutions, federal-qualified nonbank issuers, or state-qualified issuers – can issue these digital assets. Permitted issuers must maintain reserves on a one-to-one basis, publicly disclose their redemption policies, and comply with anti-money laundering regulations. The Act also allows foreign issuers to offer stablecoins in the U.S. under certain conditions, and considers payment stablecoins to be non-securities. It establishes a process for approval of subsidiaries of banks and nonbank issuers to issue these stablecoins.

Key provisions

Only permitted issuers (specific types of entities) can issue payment stablecoins.
Permitted issuers must maintain reserves on a one-to-one basis with U.S. currency or equivalent assets.
Issuers must publicly disclose redemption policies and monthly reserve details.
Foreign issuers can offer stablecoins in the U.S. subject to Treasury Department determination of comparable foreign regulations.
Payment stablecoins are not considered securities.
The Act establishes a process for approval of subsidiaries of banks and nonbank issuers to issue payment stablecoins.
A transition period is provided for State-chartered depository institutions to transition to federal oversight.
Restrictions on rehypothecation of reserves are included.

Who is affected

Bill text

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May 5, 2025XMLView source

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Legislative history

49 recorded actions · showing the most recent 12

Jul 17, 2025House

On passage Passed by the Yeas and Nays: 308 - 122 (Roll no. 200). (text: CR H3405-3418)

Jul 17, 2025

Passed/agreed to in House: On passage Passed by the Yeas and Nays: 308 - 122 (Roll no. 200).

Jul 17, 2025House

Considered as unfinished business. (consideration: CR H3449-3450)

Jul 17, 2025House

POSTPONED 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.

Jul 17, 2025House

The previous question was ordered pursuant to the rule.

Jul 17, 2025House

DEBATE - The House proceeded with one hour of debate on S. 1582.

Jul 17, 2025House

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.

Jul 17, 2025House

Considered under the provisions of rule H. Res. 580. (consideration: CR H3405-3427)

Jul 18, 2025

Became Public Law No: 119-27.

Jul 18, 2025

Became Public Law No: 119-27.

Jul 18, 2025

Signed by President.

Jul 18, 2025

Signed by President.

Votes

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Geography

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GENIUS Act

Progress