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S. 1582Became law

GENIUS Act

Introduced: May 1, 2025

Latest action date: Jul 18, 2025

Latest development

Became Public Law No: 119-27.

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Congress
119th Congress
Introduced
May 1, 2025
Recorded roll calls
10

Status detail: Congress.gov records that the measure became law.

Plain-language overview

What this bill does

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.

Official summary from Congress.gov.

Civixly topics

What this legislation is about

Civixly topics make federal and state legislation comparable. They are derived from the official CRS policy area and legislative subjects.

Official CRS policy area

Finance and Financial Sector

View 19 official legislative subjects
Accounting and auditingAdministrative law and regulatory proceduresBank accounts, deposits, capitalBanking and financial institutions regulationBankruptcyBusiness recordsCivil actions and liabilityCongressional oversightCurrencyDepartment of the TreasuryDigital mediaFinancial crises and stabilizationFinancial services and investmentsFraud offenses and financial crimesGovernment studies and investigationsInterest, dividends, interest ratesInternational monetary system and foreign exchangeJudicial procedure and administrationJudicial review and appeals

Committee activity

Committees and subcommittees that received, reviewed, marked up, or reported this legislation.

No committee relationships are listed for this measure.

Amendments

Proposed changes to this measure, with their latest official outcome or action from Congress.gov.

View amendments130 amendments
S.Amdt. 2311senateWithdrawnJun 12, 2025

To improve the bill.

Latest action: SA 2311 fell when SA 2310 withdrawn.

Congress.gov ↗
S.Amdt. 2310senateWithdrawnJun 12, 2025

To improve the bill.

Latest action: Proposed amendment SA 2310 withdrawn in Senate.

Congress.gov ↗
S.Amdt. 2309senateWithdrawnJun 12, 2025

To improve the bill.

Latest action: SA 2309 fell when SA 2308 withdrawn.

Congress.gov ↗
S.Amdt. 2308senateWithdrawnJun 12, 2025

To improve the bill.

Latest action: Proposed amendment SA 2308 withdrawn in Senate.

Congress.gov ↗
S.Amdt. 2307senateAgreed toJun 12, 2025

In the nature of a substitute.

Latest action: Amendment SA 2307 agreed to in Senate by Yea-Nay Vote. 67 - 30. Record Vote Number: 311.

Congress.gov ↗
S.Amdt. 2314senateStatus unavailableJun 11, 2025

To improve the bill.

Latest action: SA 2314 fell when SA 2313 fell.

Congress.gov ↗
S.Amdt. 2313senateStatus unavailableJun 11, 2025

To improve the bill.

Latest action: SA 2313 fell when SA 2312 fell.

Congress.gov ↗
S.Amdt. 2312senateStatus unavailableJun 11, 2025

To improve the bill.

Latest action: SA 2312 (the instructions of the motion to commit) fell when cloture was invoked on amendment SA 2307.

Congress.gov ↗
S.Amdt. 2278senateWithdrawnJun 9, 2025

To provide a definition.

Latest action: SA 2278 fell when SA 2228 withdrawn.

Congress.gov ↗
S.Amdt. 2228senateWithdrawnJun 9, 2025

To provide for expedited certification of existing regulatory regimes.

Latest action: Proposed amendment SA 2228 withdrawn in Senate.

Congress.gov ↗

Checked against Congress.gov Oct 9, 2026.

Action timeline

Newest action first. Action language comes from the official Congress.gov record.

View full action timeline49 actions
  1. Became Public Law No: 119-27.

    PresidentLibrary of Congress
  2. Became Public Law No: 119-27.

    BecameLawLibrary of Congress
  3. Signed by President.

    BecameLawLibrary of Congress
  4. Signed by President.

    PresidentLibrary of Congress
  5. Motion to reconsider laid on the table Agreed to without objection.

    FloorHouse floor actions
  6. Passed/agreed to in House: On passage Passed by the Yeas and Nays: 308 - 122 (Roll no. 200).

    FloorLibrary of Congress
  7. On passage Passed by the Yeas and Nays: 308 - 122 (Roll no. 200). (text: CR H3405-3418)

    FloorHouse floor actions
  8. Considered as unfinished business. (consideration: CR H3449-3450)

    FloorHouse floor actions
  9. POSTPONED PROCEEDINGS - At the conclusion of debate on S. 1582, the Chair put the question on passage of the bill and by voice vote, announced that the ayes had prevailed. Ms. Waters demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.

    FloorHouse floor actions
  10. The previous question was ordered pursuant to the rule.

    FloorHouse floor actions
  11. DEBATE - The House proceeded with one hour of debate on S. 1582.

    FloorHouse floor actions
  12. 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.

    FloorHouse floor actions
  13. Considered under the provisions of rule H. Res. 580. (consideration: CR H3405-3427)

    FloorHouse floor actions
  14. Presented to President.

    PresidentLibrary of Congress
  15. Presented to President.

    FloorHouse floor actions
  16. Rule H. Res. 580 passed House.

    FloorHouse floor actions
  17. 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.

    FloorHouse floor actions
  18. Held at the desk.

    FloorHouse floor actions
  19. Received in the House.

    FloorHouse floor actions
  20. Message on Senate action sent to the House.

    FloorSenate
  21. Passed Senate with an amendment by Yea-Nay Vote. 68 - 30. Record Vote Number: 318. (text: CR S3419-3432)

    FloorSenate
  22. Passed/agreed to in Senate: Passed Senate with an amendment by Yea-Nay Vote. 68 - 30. Record Vote Number: 318.

    FloorLibrary of Congress
  23. Considered by Senate. (consideration: CR S3418-3432)

    FloorSenate
  24. Considered by Senate. (consideration: CR S3366-3367)

    FloorSenate
  25. Cloture on the bill, as amended invoked in Senate by Yea-Nay Vote. 67 - 27. Record Vote Number: 312.

    FloorSenate
  26. Motion by Senator Thune to commit to Senate Committee on Banking, Housing, and Urban Affairs with instructions to report back forthwith with the following amendment (SA 2312) fell when cloture was invoked on amendment SA 2307 in Senate.

    FloorSenate
  27. Considered by Senate. (consideration: CR S3335-3336)

    FloorSenate
  28. Cloture motion on the bill presented in Senate. (CR S3276)

    FloorSenate
  29. Motion by Senator Thune to commit to Senate Committee on Banking, Housing, and Urban Affairs with instructions to report back forthwith with the following amendment (SA 2312) made in Senate.

    FloorSenate
  30. Considered by Senate. (consideration: CR S3275-3277)

    FloorSenate
  31. Considered by Senate. (consideration: CR S3155-3156)

    FloorSenate
  32. Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 69 - 31. Record Vote Number: 263.

    FloorSenate
  33. Motion to proceed to measure considered in Senate. (CR S3017)

    FloorSenate
  34. Measure laid before Senate by motion. (consideration: CR S3025)

    FloorSenate
  35. Motion to proceed to measure considered in Senate. (CR S2983)

    FloorSenate
  36. Motion by Senator Thune to reconsider the vote by which cloture on the motion to proceed to the measure was not invoked (Record Vote No. 240) rendered moot in Senate.

    FloorSenate
  37. Cloture motion on the motion to proceed rendered moot in Senate.

    FloorSenate
  38. Second cloture motion on the motion to proceed invoked in Senate by Yea-Nay Vote. 66 - 32. Record Vote Number: 262. (CR S2965)

    FloorSenate
  39. Second cloture motion on the motion to proceed presented in Senate. (CR S2947)

    FloorSenate
  40. Motion to proceed to consideration of measure made in Senate.

    FloorSenate
  41. Motion to proceed to consideration of measure made in Senate. (CR S2847)

    FloorSenate
  42. Motion to proceed to consideration of measure made in Senate. (CR S2814)

    FloorSenate
  43. Motion by Senator Thune to reconsider the vote by which cloture on the motion to proceed to the measure was not invoked (Record Vote No. 240) made in Senate.

    FloorSenate
  44. Cloture on the motion to proceed to the measure not invoked in Senate by Yea-Nay Vote. 48 - 49. Record Vote Number: 240. (CR S2823)

    FloorSenate
  45. Cloture motion on the motion to proceed to the measure presented in Senate. (CR S2772)

    FloorSenate
  46. Motion to proceed to consideration of measure made in Senate. (CR S2772)

    FloorSenate
  47. Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 66.

    CalendarsSenate
  48. Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.

    CalendarsSenate
  49. Introduced in Senate

    IntroReferralLibrary of Congress

Roll-call votes

Recorded House and Senate votes connected to this bill. Your representatives appear first when available.

PassedJul 17, 2025House · Roll call 200

On Passage

308 Yea122 Nay2 Not Voting
View 432 recorded positions
David ScottNay
Doug LaMalfaYea
Eric SwalwellYea
Marjorie Taylor GreeneNay
Mark E. GreenNot Voting
Mikie SherrillYea
Sheila Cherfilus-McCormickYea
Thomas MassieNot Voting
Tony GonzalesYea
Bill Passed (68-30)Jun 17, 2025Senate · Roll call 318

On Passage of the Bill S. 1582

68 Yea30 Nay2 Not Voting
View 100 recorded positions
Mark KellyNot Voting
Tom CottonNot Voting
Amendment Agreed to (67-30)Jun 12, 2025Senate · Roll call 311

On the Amendment S.Amdt. 2307 to S. 1582 (No short title on file)

67 Yea3 Not Voting30 Nay
View 100 recorded positions
Alex PadillaNot Voting
Jon OssoffNot Voting
Ruben GallegoNot Voting
Cloture Motion Agreed to (67-27, 3/5 majority required)Jun 12, 2025Senate · Roll call 312

On the Cloture Motion S. 1582

67 Yea6 Not Voting27 Nay
View 100 recorded positions
Alex PadillaNot Voting
Bernard SandersNot Voting
Jon OssoffNot Voting
Ruben GallegoNot Voting
Motion Agreed to (64-33, 3/5 majority required)Jun 12, 2025Senate · Roll call 310

On the Motion (Motion to Waive All Applicable Budgetary Discipline Re: Amdt. No. 2307)

64 Yea3 Not Voting33 Nay
View 100 recorded positions
Alex PadillaNot Voting
Jon OssoffNot Voting
Ruben GallegoNot Voting
Motion to Table Failed (45-52)Jun 12, 2025Senate · Roll call 309

On the Motion to Table S.Amdt. 2310 to S. 1582 (No short title on file)

45 Yea3 Not Voting52 Nay
View 100 recorded positions
Alex PadillaNot Voting
Jon OssoffNot Voting
Ruben GallegoNot Voting
Cloture Motion Agreed to (68-30, 3/5 majority required)Jun 11, 2025Senate · Roll call 305

On the Cloture Motion S. 1582

68 Yea30 Nay2 Not Voting
View 100 recorded positions
Jon OssoffNot Voting
Motion to Proceed Agreed to (69-31)May 21, 2025Senate · Roll call 263

On the Motion to Proceed S. 1582

69 Yea31 Nay
View 100 recorded positions
Cloture on the Motion to Proceed Agreed to (66-32, 3/5 majority required)May 19, 2025Senate · Roll call 262

On Cloture on the Motion to Proceed S. 1582

66 Yea32 Nay2 Not Voting
View 100 recorded positions
Josh HawleyNot Voting
Mark KellyNot Voting
Cloture on the Motion to Proceed Rejected (48-49, 3/5 majority required)May 8, 2025Senate · Roll call 240

On Cloture on the Motion to Proceed S. 1582

49 Nay48 Yea3 Not Voting
View 100 recorded positions
Jerry MoranNot Voting
Roger F. WickerNot Voting
Tina SmithNot Voting

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Sources: Congress.gov and official House and Senate vote records.

View data freshness details

Base metadata check pending · Civixly summary check pending · Action timeline checked Oct 9, 2026 · Sponsorship checked Oct 11, 2026 · Topics checked Oct 9, 2026 · Committees checked Oct 9, 2026 · Status checked Oct 9, 2026 · Related bills checked Oct 9, 2026.