Title 12 — Banks and Banking
Chapter 56 — Regulation of Payment Stablecoins
§ 5914. Reports
Statutory text
Annual reporting requirement
Beginning on the date that is 1 year after , 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—
a summary of trends in payment stablecoin activities;
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
a description of the potential financial stability risks posed to the safety and soundness of the broader financial system by payment stablecoin activities.
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.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Pub. L. 119–27 § 15 · 139 Stat. 460
Enacted · 12 U.S.C. § 5914
(Pub. L. 119–27, § 15, July 18, 2025, 139 Stat. 460.)
Unresolved: Pub. L. 119–27 was not found in the local Statutes at Large index.
Source evidence
Code source credit
(Pub. L. 119–27, § 15, July 18, 2025, 139 Stat. 460.)
0 of 1 references resolved to an enrolled provision · 1 unresolved
Notes
Delayed Effective Date of Section
For delayed effective date of section, see Effective Date note below.
Statutory Notes and Related Subsidiaries
Effective Date
Section effective on the earlier of the date that is 18 months after , 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. 119–27, see section 20 of Pub. L. 119–27, set out as a note under section 5901 of this title.