12 USC 5914 - Reports

U.S Code last checked for updates: Aug 17, 2025

§ 5914.

Reports

(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

(Pub. L. 119–27, § 15, July 18, 2025, 139 Stat. 460.)

cite as: 12 USC 5914