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GENIUS Act
7/21/2025, 6:43 PM
Summary of Bill S 1582
The bill "A bill to provide for the regulation of payment stablecoins, and for other purposes" was introduced in the 119th Congress on May 1, 2025. The bill aims to regulate payment stablecoins and may include provisions related to oversight, compliance requirements, consumer protection, and potentially define specific roles for regulatory entities in overseeing stablecoin transactions.
Read the Full Bill
Current Status of Bill S 1582
Bill S 1582 is currently in the status of Signed by President since July 18, 2025. Bill S 1582 was introduced during Congress 119 and was introduced to the Senate on May 1, 2025. Bill S 1582's most recent activity was Became Public Law No: 119-27. as of July 18, 2025
Bipartisan Support of Bill S 1582
Total Number of Sponsors
40Democrat Sponsors
0Republican Sponsors
40Unaffiliated Sponsors
0Total Number of Cosponsors
10Democrat Cosponsors
0Republican Cosponsors
10Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 1582
Primary Policy Focus
Finance and Financial SectorPotential Impact Areas
- Accounting and auditing
- Administrative law and regulatory procedures
- Bank accounts, deposits, capital
- Banking and financial institutions regulation
- Bankruptcy
- Business records
- Civil actions and liability
- Congressional oversight
- Currency
- Department of the Treasury
- Digital media
- Financial crises and stabilization
- Financial services and investments
- Fraud offenses and financial crimes
- Government studies and investigations
- Interest, dividends, interest rates
- International monetary system and foreign exchange
- Judicial procedure and administration
- Judicial review and appeals
- Licensing and registrations
- Securities
- State and local government operations
Alternate Title(s) of Bill S 1582
A bill to provide for the regulation of payment stablecoins, and for other purposes.
A bill to provide for the regulation of payment stablecoins, and for other purposes.
Comments
Royalty Tate
935
1 year ago
This bill is not good for us, it will make things harder for us seniors in CT.
Sponsors and Cosponsors of S 1582
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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.
Bill HRES 580July 22, 2025