S. 1582

119th Congress

Enacted

GENIUS Act

Sponsored byRepublican:Sen. Hagerty, Bill [R-TN]TN· Introduced 1 mai 2025
Open on Congress.gov

5

Cosponsors

49

Actions

130

Amendments

0

Committees

—

Since introduced

Introduced
Committee
Passed Chamber
Passed Both
Enacted
Step 4 of 0
Latest action

Became Public Law No: 119-27.

18 juillet 2025·1 year ago

Summary

Introduced in Senate · Updated 20 mai 2025

Guiding and Establishing National Innovation for U.S. Stablecoins Act or the GENIUS Act

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 and safe harbors. 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 of stablecoins to offer, sell, or make available in the United States stablecoins using digital asset service providers, subject to requirements, including a determination by the Department of Treasury that they are subject to comparable foreign regulations.

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.

Timeline

49 actions

  1. Signed by President.

    18 juillet 2025 · BecameLaw

  2. Became Public Law No: 119-27.

    18 juillet 2025 · BecameLaw

  3. Became Public Law No: 119-27.

    18 juillet 2025 · President

  4. Signed by President.

    18 juillet 2025 · President

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

    17 juillet 2025 · Floor

  6. 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.

    17 juillet 2025 · Floor

  7. The previous question was ordered pursuant to the rule.

    17 juillet 2025 · Floor

  8. Presented to President.

    17 juillet 2025 · President

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

    17 juillet 2025 · Floor

  10. 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.

    17 juillet 2025 · Floor

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

    17 juillet 2025 · Floor

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

    17 juillet 2025 · Floor

  13. Motion to reconsider laid on the table Agreed to without objection.

    17 juillet 2025 · Floor

  14. Presented to President.

    17 juillet 2025 · Floor

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

    17 juillet 2025 · Floor

  16. Rule H. Res. 580 passed House.

    16 juillet 2025 · Floor

  17. Rules Committee Resolution H. Res. 580 Reported to House. 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.

    15 juillet 2025 · Floor

  18. Held at the desk.

    23 juin 2025 · Floor

  19. Message on Senate action sent to the House.

    23 juin 2025 · Floor

  20. Received in the House.

    23 juin 2025 · Floor

29 earlier actionsView all on Congress.gov

Sponsorship

5 cosponsors

Sponsor

Republican:Sen. Hagerty, Bill [R-TN]TN

Cosponsors

  • Republican5100%

Classification

Policy area

Finance and Financial Sector

Legislative subjects

Accounting and auditingAdministrative law and regulatory proceduresBank accounts, deposits, capitalBanking and financial institutions regulationBankruptcyBusiness recordsCivil actions and liabilityCongressional oversightCurrencyDepartment of the TreasuryDigital mediaFinancial crises and stabilization

Cosponsor momentum

Cumulative over time

Cosponsors grew from 2 on 1 mai 2025 to 5 on 17 juin 2025.

Amendments

130

  • SAMDT 2239Proposed

    11 mars 2026

  • SAMDT 2311Withdrawn

    To improve the bill.

    12 juin 2025

  • SAMDT 2307Agreed

    In the nature of a substitute.

    12 juin 2025

  • SAMDT 2310Withdrawn

    To improve the bill.

    12 juin 2025

  • SAMDT 2309Withdrawn

    To improve the bill.

    12 juin 2025

  • SAMDT 2308Withdrawn

    To improve the bill.

    12 juin 2025

  • SAMDT 2314Unknown

    To improve the bill.

    11 juin 2025

  • SAMDT 2313Unknown

    To improve the bill.

    11 juin 2025

  • SAMDT 2312Unknown

    To improve the bill.

    11 juin 2025

  • SAMDT 2354Proposed

    12 juin 2025

  • SAMDT 2355Proposed

    12 juin 2025

  • SAMDT 2350Proposed

    11 juin 2025

  • SAMDT 2348Proposed

    11 juin 2025

  • SAMDT 2349Proposed

    11 juin 2025

  • SAMDT 2351Proposed

    11 juin 2025

  • SAMDT 2353Proposed

    11 juin 2025

  • SAMDT 2352Proposed

    11 juin 2025

  • SAMDT 2278Withdrawn

    To provide a definition.

    9 juin 2025

  • SAMDT 2228Withdrawn

    To provide for expedited certification of existing regulatory regimes.

    9 juin 2025

  • SAMDT 2335Proposed

    10 juin 2025

  • SAMDT 2331Proposed

    10 juin 2025

  • SAMDT 2334Proposed

    10 juin 2025

  • SAMDT 2332Proposed

    10 juin 2025

  • SAMDT 2333Proposed

    10 juin 2025

  • SAMDT 2327Proposed

    10 juin 2025

105 more amendmentsView all on Congress.gov
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