CS/HB 175: Payment Stablecoin
GENERAL BILL by Insurance & Banking Subcommittee ; Barnaby ; Giallombardo ; (CO-INTRODUCERS) Fabricio
Payment Stablecoin; Revises definition of term "money services business" to include qualified payment stablecoin issuer; prohibits persons from engaging in activity of qualified payment stablecoin issuer without registering & receiving specified notification; provides that certain money services businesses are exempt from registration requirements; specifies that certain payment stablecoins are not security & are not subject to certain requirements; specifies that certain transactions are not regulated under certain provisions; requires qualified payment stablecoin issuers with consolidated total outstanding payment stablecoin issuance that reaches specified threshold to comply with certain requirements; specifies that OFR remains solely responsible for supervising qualified payment stablecoin issuers or is jointly responsible with Office of Comptroller of Currency for such supervision; specifies that qualified payment stablecoin issuers may engage only in certain activities.
Last Action: 2/13/2026 House - 1st Reading (Committee Substitute 1)
Bill Text: PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 10/15/2025 | House |
• Filed |
| 10/21/2025 | House |
• Referred to Insurance & Banking Subcommittee • Referred to Commerce Committee • Now in Insurance & Banking Subcommittee |
| 1/13/2026 | House |
• 1st Reading (Original Filed Version) |
| 2/9/2026 | House |
• PCS added to Insurance & Banking Subcommittee agenda |
| 2/11/2026 | House |
• Favorable with CS by Insurance & Banking Subcommittee |
| 2/13/2026 | House |
• Reported out of Insurance & Banking Subcommittee • Laid on Table under Rule 7.18(a) • CS Filed • 1st Reading (Committee Substitute 1) |
