GENIUS Act

Original

enactedUnited States· United States Congress· EN

Introduced

1 May 2025

Last action

18 July 2025 · President

Status

Became Public Law No: 119-27.

Summary

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1 May 2025
Introduced
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Source: Calendars
1 May 2025
Introduced
Introduced in Senate
Source: IntroReferral
5 May 2025
Calendars
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 66.
Source: Calendars
6 May 2025
Floor
Motion to proceed to consideration of measure made in Senate. (CR S2772)
Source: Floor
8 May 2025
Floor
Motion to proceed to consideration of measure made in Senate. (CR S2814)
Source: Floor
12 May 2025
Floor
Motion to proceed to consideration of measure made in Senate. (CR S2847)
Source: Floor
15 May 2025
Floor
Motion to proceed to consideration of measure made in Senate.
Source: Floor
19 May 2025
Vote
Second cloture motion on the motion to proceed invoked in Senate by Yea-Nay Vote. 66 - 32. Record Vote Number: 262. (CR S2965)
Source: Floor
20 May 2025
Floor
Motion to proceed to measure considered in Senate. (CR S2983)
Source: Floor
21 May 2025
Floor
Motion to proceed to measure considered in Senate. (CR S3017)
Source: Floor
2 June 2025
Floor
Considered by Senate. (consideration: CR S3155-3156)
Source: Floor
9 June 2025
Floor
Considered by Senate. (consideration: CR S3275-3277)
Source: Floor
11 June 2025
Floor
Considered by Senate. (consideration: CR S3335-3336)
Source: Floor
12 June 2025
Floor
Considered by Senate. (consideration: CR S3366-3367)
Source: Floor
17 June 2025
Vote
Passed/agreed to in Senate: Passed Senate with an amendment by Yea-Nay Vote. 68 - 30. Record Vote Number: 318.
Source: Floor
17 June 2025
Floor
Considered by Senate. (consideration: CR S3418-3432)
Source: Floor
23 June 2025
Floor
Held at the desk.
Source: Floor
23 June 2025
Floor
Received in the House.
Source: Floor
23 June 2025
Floor
Message on Senate action sent to the House.
Source: Floor
15 July 2025
Reported
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.
Source: Floor
16 July 2025
Passed
Rule H. Res. 580 passed House.
Source: Floor
17 July 2025
Floor
Presented to President.
Source: Floor
17 July 2025
President
Presented to President.
Source: President
17 July 2025
Passed
Motion to reconsider laid on the table Agreed to without objection.
Source: Floor
17 July 2025
Vote
On passage Passed by the Yeas and Nays: 308 - 122 (Roll no. 200). (text: CR H3405-3418)
Source: Floor
17 July 2025
Vote
Passed/agreed to in House: On passage Passed by the Yeas and Nays: 308 - 122 (Roll no. 200).
Source: Floor
17 July 2025
Floor
The previous question was ordered pursuant to the rule.
Source: Floor
17 July 2025
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.
Source: Floor
17 July 2025
Floor
Considered under the provisions of rule H. Res. 580. (consideration: CR H3405-3427)
Source: Floor
18 July 2025
Became law
Became Public Law No: 119-27.
Source: President
18 July 2025
Became law
Signed by President.
Source: BecameLaw
18 July 2025
President
Signed by President.
Source: President

Votes

17 July 2025 · passed · On Passage · Passed · Official source

Yes 308 · No 122 · Abstain — · Absent/not voting 2

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

6 official files

Enrolled Bill
Enrolled Bill · EN
Download Open at official source
Public Law
Public Law · EN · 19 July 2025
Download Open at official source
Public Law
summary · EN · 18 July 2025
Open at official source
Engrossed in Senate
Engrossed in Senate · EN · 17 June 2025
Download Open at official source
Placed on Calendar Senate
Placed on Calendar Senate · EN · 5 May 2025
Download Open at official source
Introduced in Senate
summary · EN · 1 May 2025
Open at official source

Related records

related to ← Providing for consideration of the bill (H.R. 4016) making appropriations for the Department of Defense for the fiscal year ending September 30, 2026, and for other purposes; providing for consideration of the bill (H.R. 3633) to provide for a system of regulation of the offer and sale of digital commodities by the Securities and Exchange Commission and the Commodity Futures Trading Commission, and for other purposes; providing for consideration of the bill (H.R. 1919) to amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank digital currency for monetary policy, and for other purposes; providing for consideration of the bill (S. 1582) to provide for the regulation of payment stablecoins, and for other purposes; and waiving a requirement of clause 6(a) of rule XIII with respect to consideration of certain resolutions reported from the Committee on Rules.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/119th-congress/senate-bill/1582
Open data entity: https://api.congress.gov/v3/bill/119/s/1582
us · 119-s-1582 · source updated 29 July 2026