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

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LegalText 12 U.S.C. § 5914 Reports us united_states_code code_section 12 BANKS AND BANKING 56 REGULATION OF PAYMENT STABLECOINS 5914 12 U.S.C. § 5914 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/s5914 data/legal/raw/us/code/title-12/usc12.xml fa3d5be776d98129ba8b24292a77281de35060253fac4b13056bd7dd279810a5 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 07c1102fb25542dc7e57918caf14a28b3a6fcf03bc06b6e8bcdab6380b95796e 2026-07-04 official
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12 U.S.C. § 5914 - Reports

Text

(a) Annual reporting requirement Beginning on the date that is 1 year after July 18, 2025, and annually thereafter, the primary Federal payment stablecoin regulators, in consultation with State payment stablecoin regulators, as necessary, shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate, the Committee on Financial Services of the House of Representatives, and the Director of the Office of Financial Research a report, which may include a classified annex, if applicable, on the status of the payment stablecoin industry, including—

(1) a summary of trends in payment stablecoin activities;

(2) a summary of the number of applications for approval as a permitted payment stablecoin issuer under section 5904 of this title, including aggregate approvals and rejections of applications; and

(3) a description of the potential financial stability risks posed to the safety and soundness of the broader financial system by payment stablecoin activities.

(b) FSOC report The Financial Stability Oversight Council shall incorporate the findings in the report under subsection (a) into the annual report of the Council required under section 5322(a)(2)(N) of this title.

(Pub. L. 11927, § 15, July 18, 2025, 139 Stat. 460.)

Notes

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

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.