Guiding and Establishing National Innovation for U.S. Stablecoins Act

S. 1582 in the 119th Congress (2025–2026), the Guiding and Establishing National Innovation for U.S. Stablecoins Act, became law — introduced on May 1, 2025, sponsored by Bill Hagerty with 5 co-sponsors. Congress held 10 roll call votes on it.

During the 119th Congress (2025–2026), Donald Trump was president, and Republicans held majorities in both the House and Senate.

Status: Became law
Introduced: May 1, 2025
Co-sponsors: 5
Policy area: Finance and Financial Sector
Public law: Public Law 119-27
Groups that lobbied: 72

What it does

Guiding and Establishing National Innovation for U.S. Stablecoins Act or the GENIUS Act This act establishes a regulatory framework for payment stablecoins (digital assets which an issuer must redeem for a fixed value). Under the act, only permitted issuers may issue a payment stablecoin for use by U.S. persons, subject to certain exceptions and safe harbors.

Summary by the nonpartisan Congressional Research Service.

Official title

GENIUS Act

Sponsor

Bill Hagerty (R-TN). Co-sponsors: 5 Republicans.

Where it stands

IntroducedMay 1, 2025
Passed the SenateJun 17, 2025
Passed the HouseJul 17, 2025
Sent to the PresidentJul 17, 2025
Became lawJul 18, 2025

Latest action: Became Public Law No: 119-27. (Jul 18, 2025)

How Congress voted

On Passage
House · Jul 17, 2025 · Passed308–122
On Passage of the Bill
Senate · Jun 17, 2025 · Bill Passed68–30
On the Cloture Motion
Senate · Jun 12, 2025 · Cloture Motion Agreed to67–27
On the Motion to Proceed
Senate · May 21, 2025 · Motion to Proceed Agreed to69–31
On Cloture on the Motion to Proceed
Senate · May 19, 2025 · Cloture on the Motion to Proceed Agreed to66–32
On the Cloture Motion
Senate · May 8, 2025 · Cloture Motion Rejected48–49

Every roll call vote on this bill

A bill to provide for the regulation of payment stablecoins, and for other purposes.Senate · May 8, 2025
A bill to provide for the regulation of payment stablecoins, and for other purposes.Senate · May 19, 2025
A bill to provide for the regulation of payment stablecoins, and for other purposes.Senate · May 21, 2025
A bill to provide for the regulation of payment stablecoins, and for other purposes.Senate · Jun 11, 2025
To improve the bill.Senate · Jun 12, 2025
In the nature of a substitute.Senate · Jun 12, 2025
In the nature of a substitute.Senate · Jun 12, 2025
A bill to provide for the regulation of payment stablecoins, and for other purposes.Senate · Jun 12, 2025
A bill to provide for the regulation of payment stablecoins, and for other purposes.Senate · Jun 17, 2025
GENIUS ActHouse · Jul 17, 2025

More bills from Bill Hagerty in the 119th Congress

Other Finance and Financial Sector bills in the 119th Congress

Who lobbied on it

72 organizations named this bill in lobbying reports (Jul 2025 – Sep 2026). Biggest spenders among them:

Visa, Inc.
Coinbase, Inc.
American Council Of Life Insurers
Citigroup Washington, Inc.
Bank Policy Institute
Managed Funds Association
Ernst & Young Llp (Washington Council Ernst & Young)
Food Marketplace Inc

From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.

Cite or embed this page

Capitol Receipts, “S. 1582 (119th Congress): Guiding and Establishing National…,” https://www.capitolreceipts.com/bill/119-s-1582/guiding-and-establishing-national-innovation-for-u-s-stablecoins (accessed 2026-10-17).