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2026-07-06 10:51:44 -04:00

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LegalText 12 U.S.C. § 5913 Rulemaking us united_states_code code_section 12 BANKS AND BANKING 56 REGULATION OF PAYMENT STABLECOINS 5913 12 U.S.C. § 5913 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip /us/usc/t12/s5913 data/legal/raw/us/code/title-12/usc12.xml 60bd57dc4d9e7d504a6868247ed681eea0949c7e4cb49a93928301a88b944b53 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa ff595f297d12dd18acf430f0f6915e4d8f0cb04c58ab12d601fe2058cbb848ee 2026-07-04 official
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12 U.S.C. § 5913 - Rulemaking

Text

(a) In general Not later than 1 year after July 18, 2025, each primary Federal payment stablecoin regulator, the Secretary of the Treasury, and each State payment stablecoin regulator shall promulgate regulations to carry out this chapter through appropriate notice and comment rulemaking.

(b) Coordination Federal payment stablecoin regulators, the Secretary of the Treasury, and State payment stablecoin regulators should coordinate, as appropriate, on the issuance of any regulations to implement this chapter.

(c) Report required Not later than 180 days after the effective date of this chapter, each Federal banking agency shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives a report that confirms and describes the regulations promulgated to carry out this chapter.

(Pub. L. 11927, § 13, July 18, 2025, 139 Stat. 459.)

Notes

Delayed Effective Date of SectionFor delayed effective date of section, see Effective Date note below.

Editorial Notes

References in TextThis chapter, referred to in text, was in the original “this Act”, meaning Pub. L. 11927, July 18, 2025, 139 Stat. 419, known as the Guiding and Establishing National Innovation for U.S. Stablecoins Act and also as the GENIUS Act, which is classified principally to this chapter. For complete classification of this Act to the Code, see Short Title note set out under section 5901 of this title and Tables. For the effective date of this chapter, referred to in subsec. (c), see Effective Date note set out under section 5901 of this title.

Statutory Notes and Related Subsidiaries

Effective DateSection effective on the earlier of the date that is 18 months after July 18, 2025, or the date that is 120 days after the date on which the primary Federal payment stablecoin regulators issue any final regulations implementing Pub. L. 11927, see section 20 of Pub. L. 11927, set out as a note under section 5901 of this title.