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S 1582 · enacted · significant

GENIUS Act

What this bill does

  • This bill creates a regulatory framework allowing certain financial institutions to issue stablecoins for U.S. consumers.
  • Banks, nonbank payment companies, and state-regulated firms may issue stablecoins if they maintain full reserves and disclose policies.
  • Issuers must be regulated by federal or state authorities and comply with anti-money laundering requirements.

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Community Threads

Started by Cosponsor

  1. 01

    What risks or benefits might emerge if multiple banks and payment companies issue their own stablecoins rather than relying on a single digital currency?

  2. 02

    How would the full-reserve requirement for stablecoin issuers affect smaller payment companies compared to large banks seeking to enter this market?

  3. 03

    What enforcement challenges might regulators face in monitoring anti-money laundering compliance across numerous stablecoin issuers simultaneously?

Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.

Sponsor · R-TN

Bill Hagerty

Citizen cosponsors

0

In Congress

5/ 100

Senators cosponsoring

Introduced 2025-07-18

Joining the bill

Legislative timeline

  1. 2025-07-18 · President

    Became Public Law No: 119-27.

  2. 2025-07-18 · BecameLaw

    Became Public Law No: 119-27.

  3. 2025-07-18 · President

    Signed by President.

  4. 2025-07-18 · BecameLaw

    Signed by President.

  5. 2025-07-17 · house · Floor

    Presented to President.

  6. 2025-07-17 · President

    Presented to President.

  7. 2025-07-17 · house · Floor

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

  8. 2025-07-17 · house · Floor

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

  9. 2025-07-17 · Floor

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

  10. 2025-07-17 · house · Floor

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

  11. 2025-07-17 · house · Floor

    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.

  12. 2025-07-17 · house · Floor

    The previous question was ordered pursuant to the rule.

  13. 2025-07-17 · house · Floor

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

  14. 2025-07-17 · house · Floor

    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. 2025-07-17 · house · Floor

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

  16. 2025-07-16 · house · Floor

    Rule H. Res. 580 passed House.

  17. 2025-07-15 · house · Floor

    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.

  18. 2025-06-23 · house · Floor

    Held at the desk.

  19. 2025-06-23 · house · Floor

    Received in the House.

  20. 2025-06-23 · senate · Floor

    Message on Senate action sent to the House.

  21. 2025-06-17 · senate · Floor

    Passed Senate with an amendment by Yea-Nay Vote. 68 - 30. Record Vote Number: 318. (text: CR S3419-3432)

  22. 2025-06-17 · Floor

    Passed/agreed to in Senate: Passed Senate with an amendment by Yea-Nay Vote. 68 - 30. Record Vote Number: 318.

  23. 2025-06-17 · senate · Floor

    Considered by Senate. (consideration: CR S3418-3432)

  24. 2025-06-12 · senate · Floor

    Cloture on the bill, as amended invoked in Senate by Yea-Nay Vote. 67 - 27. Record Vote Number: 312.

  25. 2025-06-12 · senate · Floor

    Considered by Senate. (consideration: CR S3366-3367)

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