[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"current-user-roles":3,"user-subscription":3,"bill:119-s-394":4},null,{"bill":5,"indexable":107,"summaries":108,"cosponsors":114,"cosponsorSlugs":133,"actions":138,"amendments":151,"amendmentSponsorSlugs":152,"linkages":153,"sponsorSlug":154},{"statusDate":6,"sponsor":7,"updateDate":14,"cboCostEstimates":15,"originChamber":16,"congress":17,"isByRequest":18,"title":19,"createdAt":20,"committeeReports":21,"cosponsorCount":22,"onBehalfOfSponsor":3,"adminOverride":3,"amendmentCount":23,"actionCount":24,"popularTitle":3,"laws":3,"billType":25,"subjects":26,"introducedDate":6,"committees":27,"congressGovUrl":28,"constitutionalAuthority":3,"policyArea":29,"deletedAt":3,"latestAction":30,"billNumber":32,"cosponsorCountIncludingWithdrawn":22,"status":33,"shortTitle":19,"officialTitle":34,"keyMilestoneCount":35,"updatedAt":36,"policyAreaLower":37,"searchTokens":38,"committeeCodes":106},"2025-02-04",{"firstName":8,"lastName":9,"fullName":10,"state":11,"party":12,"bioguideId":13},"Bill","Hagerty","Sen. Hagerty, Bill [R-TN]","TN","R","H000601","2025-07-01T11:06:18Z",[],"Senate",119,false,"GENIUS Act of 2025","2026-05-10T17:55:15.574Z",[],4,0,2,"s",[],[],"https:\u002F\u002Fwww.congress.gov\u002Fbill\u002F119th-congress\u002Fsenate-bill\u002F394","Finance and Financial Sector",{"date":6,"text":31},"Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.",394,"in_committee","A bill to provide for the regulation of payment stablecoins, and for other purposes.",1,"2026-05-22T14:46:50.960Z","finance and financial sector",[39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64,65,66,67,68,69,70,71,72,73,74,75,76,77,78,79,80,81,82,83,84,85,86,87,88,89,90,91,92,93,94,95,96,97,98,99,100,101,102,103,104,105],"genius","ge","gen","geni","geniu","act","of","2025","20","202","bill","bi","bil","to","provide","pr","pro","prov","provi","provid","for","the","regulation","re","reg","regu","regul","regula","regulat","regulati","regulatio","payment","pa","pay","paym","payme","paymen","stablecoins","st","sta","stab","stabl","stable","stablec","stableco","stablecoi","stablecoin","and","other","ot","oth","othe","purposes","pu","pur","purp","purpo","purpos","purpose","sen","hagerty","ha","hag","hage","hager","hagert","tn",[],true,[109],{"versionCode":110,"actionDate":6,"actionDesc":111,"text":112,"updateDate":113},"00","Introduced in Senate","\u003Cp>\u003Cstrong>Guiding and Establishing National Innovation for U.S. Stablecoins of 2025 or the GENIUS Act of 2025 \u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>This bill establishes a regulatory framework for payment stablecoins (digital assets which an issuer must redeem for a fixed monetary value).\u003C\u002Fp>\u003Cp>Under the bill, only permitted issuers may issue a payment stablecoin in the United States. 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.\u003C\u002Fp>\u003Cp>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.\u003C\u002Fp>\u003Cp>The bill sets forth requirements for (1) reusing reserves; (2) providing safekeeping services for stablecoins; and (3) supervisory, examination, and enforcement authority.\u003C\u002Fp>\u003Cp>In a bankruptcy insolvency proceeding involving a payment stablecoin issuer, stablecoin holders have priority over all other claims. \u003C\u002Fp>\u003Cp>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.\u003C\u002Fp>\u003Cp>The Federal Reserve must create and implement agreements with other jurisdictions that similarly regulate stablecoins for the purpose of facilitating international transactions and interoperability with U.S. dollar-denominated stablecoins issued overseas.\u003C\u002Fp>","2025-06-24T20:40:49Z",[115,121,125,129],{"bioguideId":116,"fullName":117,"party":118,"state":119,"sponsorshipDate":120,"isOriginalCosponsor":18,"withdrawn":18,"sponsorshipWithdrawnDate":3},"A000382","Sen. Alsobrooks, Angela D. [D-MD]","D","MD","2025-02-20",{"bioguideId":122,"fullName":123,"party":12,"state":124,"sponsorshipDate":6,"isOriginalCosponsor":107,"withdrawn":18,"sponsorshipWithdrawnDate":3},"S001184","Sen. Scott, Tim [R-SC]","SC",{"bioguideId":126,"fullName":127,"party":118,"state":128,"sponsorshipDate":6,"isOriginalCosponsor":107,"withdrawn":18,"sponsorshipWithdrawnDate":3},"G000555","Sen. Gillibrand, Kirsten E. [D-NY]","NY",{"bioguideId":130,"fullName":131,"party":12,"state":132,"sponsorshipDate":6,"isOriginalCosponsor":107,"withdrawn":18,"sponsorshipWithdrawnDate":3},"L000571","Sen. Lummis, Cynthia M. [R-WY]","WY",{"A000382":134,"S001184":135,"G000555":136,"L000571":137},"angela-d-alsobrooks","tim-scott","kirsten-e-gillibrand","cynthia-m-lummis",[139,146],{"actionDate":6,"actionDateTime":3,"text":31,"type":140,"actionCode":3,"sourceSystem":141,"committees":142,"recordedVotes":3,"calendarNumber":3,"sequenceIndex":23,"isKeyMilestone":18},"IntroReferral",{"name":16},[143],{"name":144,"systemCode":145},"Banking, Housing, and Urban Affairs Committee","ssbk00",{"actionDate":6,"actionDateTime":3,"text":111,"type":140,"actionCode":147,"sourceSystem":148,"committees":3,"recordedVotes":3,"calendarNumber":3,"sequenceIndex":35,"isKeyMilestone":107},"10000",{"code":149,"name":150},9,"Library of Congress",[],{},[],"bill-hagerty"]