House roll call 200 · Passed
Jul 17, 2025
On Passage
Yea 308Nay 122Other 2
Party breakdown
Democratic212
102 yea · 110 nay
Republican220
206 yea · 12 nay
The Floor · S. 1582 · Became law
GENIUS Act
Policy area · Finance and Financial Sector
Sponsor · Sen. Hagerty, Bill [R-TN]
5 cosponsors
Public Law 119-27
Guiding and Establishing National Innovation for U.S. Stablecoins Act or the GENIUS Act This act establishes a regulatory framework for payment stablecoins (digital assets which an issuer must redeem for a fixed value). Under the act, 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 act specifies requirements for (1) reusing reserves; (2) providing safekeeping services for stablecoins; and (3) supervisory, examination, and enforcement authority over federal-qualified issuers. The act 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 act, permitted payment stablecoins are not considered securities or commodities under law. However, permitted issuers are subject to the Bank Secrecy Act for anti-money laundering and related purposes. (Sec. 3) This section establishes that only payment stablecoin issuers permitted under this act are allowed to issue a payment stablecoin in the United States. Knowing violations of this requirement shall be subject to a fine of up to $1 million for each violation, up to 5 years imprisonment, or both. Treasury may issue regulations establishing limited safe harbors from this requirement that are consistent with the act's purposes, limited in scope, and apply to a de minimus volume of transactions. Three years after the date of enactment, digital asset service providers are prohibited from offering or selling stablecoins that are not issued by permitted issuers. Providers are also prohibited from offering, selling, or otherwise making available in the United States a foreign-issued payment stablecoin, unless it complies with requirements provided in section 18 of the act. (Sec. 4) This section establishes requirements for permitted issuers. Issuers must maintain reserves on a one-to-one basis. Reserves must be comprised of U.S. coins and currency; demand deposits or shares at an insured depository institution; certain Treasury acts, notes, or bonds; money received under certain repurchase agreements or reverse repurchase agreements; certain investment company securities and money market funds invested in certain approved assets on this list; similarly liquid federal assets approved by regulators; or certain listed reserves in tokenized forms. Issuers must comply with redemption requirements, such as establishing timely redemption procedures and disclosing such procedures and associated fees. Issuers must also report on the monthly composition of the issuer's reserves. These reports must be examined by a registered public accounting firm and certified by the chief executive officer and chief financial officer of the issuer. The section prohibits the rehypothecation, or reuse, of reserves with limited exceptions.…
Congress.gov bill summary · 49 · updated Jul 29, 2026
No committee referrals archived.
Path through Congress · started in the Senate
S. 1582 · 119th
Status
Became lawJul 18, 2025
Introduced
May 1, 2025
Committee
Bypassed
Senate floor
May 6, 2025
House floor
Jun 23, 2025
Resolving differences
Bypassed
Enrolled
Jul 17, 2025
President's desk
Jul 17, 2025
Became law
Jul 18, 2025
Latest action · Jul 18, 2025
Became Public Law No: 119-27.
As passed by the Senate on June 17, 2025
Jul 11, 2025
Chamber seating charts: color shows yea / nay / other; shape shows party. Tap or hover a seat for the member, then dig into party totals and names below.
Color is the vote (ink yea, amber nay, gray other). Shape is the party: circle Democrat, square Republican, diamond Independent.
House
Yea
71.6%
308 members
Nay
28.4%
122 members
Other
2
present / not voting
Tap a seat for the member · hover on desktop
Democratic212
102 yea · 110 nay
Republican220
206 yea · 12 nay · 2 other
Senate
Yea
69.4%
68 members
Nay
30.6%
30 members
Other
2
present / not voting
Tap a seat for the member · hover on desktop
Democratic45
18 yea · 26 nay · 1 other
Independent2
0 yea · 2 nay
Republican53
50 yea · 2 nay · 1 other
Jul 17, 2025
On Passage
Democratic212
102 yea · 110 nay
Republican220
206 yea · 12 nay
Jun 17, 2025
On Passage of the Bill S. 1582
Senate
Yea
69.4%
68 members
Nay
30.6%
30 members
Other
2
present / not voting
Tap a seat for the member · hover on desktop
Democratic45
18 yea · 26 nay · 1 other
Independent2
0 yea · 2 nay
Republican53
50 yea · 2 nay · 1 other
Democratic45
18 yea · 26 nay
Independent2
0 yea · 2 nay
Republican53
50 yea · 2 nay
May 21, 2025
On the Motion to Proceed S. 1582
Senate
Yea
69.0%
69 members
Nay
31.0%
31 members
Tap a seat for the member · hover on desktop
Democratic45
18 yea · 27 nay
Independent2
0 yea · 2 nay
Republican53
51 yea · 2 nay
Democratic45
18 yea · 27 nay
Independent2
0 yea · 2 nay
Republican53
51 yea · 2 nay
May 19, 2025
On Cloture on the Motion to Proceed S. 1582
Senate
Yea
67.3%
66 members
Nay
32.7%
32 members
Other
2
present / not voting
Tap a seat for the member · hover on desktop
Democratic45
16 yea · 28 nay · 1 other
Independent2
0 yea · 2 nay
Republican53
50 yea · 2 nay · 1 other
Democratic45
16 yea · 28 nay
Independent2
0 yea · 2 nay
Republican53
50 yea · 2 nay
May 8, 2025
On Cloture on the Motion to Proceed S. 1582
Senate
Yea
49.5%
48 members
Nay
50.5%
49 members
Other
3
present / not voting
Tap a seat for the member · hover on desktop
Democratic45
0 yea · 44 nay · 1 other
Independent2
0 yea · 2 nay
Republican53
48 yea · 3 nay · 2 other
Democratic45
0 yea · 44 nay
Independent2
0 yea · 2 nay
Republican53
48 yea · 3 nay
1 procedural or secondary roll hidden.
130 amendments on Congress.gov · showing 40 with detail.
Sponsor · Sen. Cantwell, Maria [D-WA] (D-WA)
Sponsor · Sen. Paul, Rand [R-KY] (R-KY)
Sponsor · Sen. Kim, Andy [D-NJ] (D-NJ)
Sponsor · Sen. Merkley, Jeff [D-OR] (D-OR)
Sponsor · Sen. Merkley, Jeff [D-OR] (D-OR)
Sponsor · Sen. Merkley, Jeff [D-OR] (D-OR)
Sponsor · Sen. Merkley, Jeff [D-OR] (D-OR)
Sponsor · Sen. Bennet, Michael F. [D-CO] (D-CO)
Sponsor · Sen. Hawley, Josh [R-MO] (R-MO)
Sponsor · Sen. Hawley, Josh [R-MO] (R-MO)
Sponsor · Sen. Marshall, Roger [R-KS] (R-KS)
Sponsor · Sen. Paul, Rand [R-KY] (R-KY)
Sponsor · Sen. Tuberville, Tommy [R-AL] (R-AL)
Sponsor · Sen. Warren, Elizabeth [D-MA] (D-MA)
Sponsor · Sen. Warren, Elizabeth [D-MA] (D-MA)
Sponsor · Sen. Warren, Elizabeth [D-MA] (D-MA)
Sponsor · Sen. Warren, Elizabeth [D-MA] (D-MA)
Sponsor · Sen. Warren, Elizabeth [D-MA] (D-MA)
Sponsor · Sen. Warren, Elizabeth [D-MA] (D-MA)
Sponsor · Sen. Warren, Elizabeth [D-MA] (D-MA)
Federal framework for payment stablecoins (Public Law 119-27).
Archive built 2026-08-06 from Library of Congress Congress.gov API.