United States · Bill · HR
H.R. 7328 (117th)
Stablecoin Transparency Act
Introduced
31 March 2022
Last action
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Status
Referred to the House Committee on Financial Services.
Sponsors
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Subjects
Discovery layer
Source updated
3 January 2025
Summary
Stablecoin Transparency Act This bill requires a stablecoin issuer to hold all reserves associated with each fiat currency-backed stablecoin they issue in (1) certain government securities; (2) fully collateralized security repurchase agreements, and (3) U.S. dollars or other nondigital currency. A fiat currency-backed stablecoin is a digital asset backed by a nondigital currency and is redeemable on a one-to-one basis in that currency. Each stablecoin issuer must publish monthly on their website a report on the reserves held by the issuer that has been audited by a third party.
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Votes
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Versions
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 31 March 2022
Introduced in House (PDF)
Introduced in House · EN · 31 March 2022
Introduced in House
summary · EN · 31 March 2022
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/117th-congress/house-bill/7328
- Open data entity: https://api.congress.gov/v3/bill/117/hr/7328