S.1582 Stablecoin Licensing Law (GENIUS Act)
Creating federal licenses for private stablecoin issuers, including big tech firms, with no deposit insurance for holders (119th Congress)
View on Congress.govBill activity
Introduced May 1, 2025 by Bill Hagerty (R-TN) with 2 original cosponsors. 5 cosponsors as of Jun 17, 2025. Passed the Senate with an amendment Jun 17, 2025, 68-30. Passed the House Jul 17, 2025, 308-122. Became Public Law 119-27 on Jul 18, 2025.
- Reached the House floor under a special rule from the Rules Committee (H.Res.580).
- Reached the Senate floor on a motion to proceed after cloture was invoked.
- IntroducedMay 1, 2025
- Passed SenateJun 17, 2025
- Passed HouseJul 17, 2025
- To PresidentJul 17, 2025
- Became LawJul 18, 2025
Latest action Jul 18, 2025: Became Public Law No: 119-27.
Sponsor Bill Hagerty (R-TN)
5 cosponsors (2 original):
- Cynthia M. Lummis (R-WY) original
- Tim Scott (R-SC) original
- Dan Sullivan (R-AK) May 7, 2025
- Bernie Moreno (R-OH) Jun 17, 2025
- Pete Ricketts (R-NE) Jun 17, 2025
Senate measure (119th Congress): after introduction, senators are added as cosponsors by unanimous consent.
Activity log
- Introduced in Senate
- Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.Senate
2 original cosponsors on the day of introduction
- Cynthia M. Lummis R-WY, original
- Tim Scott R-SC, original
- Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 66.Senate
- Motion to proceed to consideration of measure made in Senate. (CR S2772)Senate
- Cloture motion on the motion to proceed to the measure presented in Senate. (CR S2772)Senate
- Dan Sullivan cosponsored (R-AK)
Senate floor day: 1 recorded vote (3 steps)
Congress.gov lists Senate floor actions without times of day, so the order of steps without a roll-call number is reconstructed from the action list.
- Motion to proceed to consideration of measure made in Senate. (CR S2814)
- 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)
- 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.
- Motion to proceed to consideration of measure made in Senate. (CR S2847)Senate
- Motion to proceed to consideration of measure made in Senate.Senate
- Second cloture motion on the motion to proceed presented in Senate. (CR S2947)Senate
Senate floor day: 1 recorded vote (3 steps)
Congress.gov lists Senate floor actions without times of day, so the order of steps without a roll-call number is reconstructed from the action list.
- Second cloture motion on the motion to proceed invoked in Senate by Yea-Nay Vote. 66 - 32. Record Vote Number: 262. (CR S2965)
- Cloture motion on the motion to proceed rendered moot in Senate.
- 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.
- Motion to proceed to measure considered in Senate. (CR S2983)Senate
Senate floor day: 1 amendment (5 steps)
Congress.gov lists Senate floor actions without times of day, so the order of steps without a roll-call number is reconstructed from the action list.
- Motion to proceed to measure considered in Senate. (CR S3017)
- Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 69 - 31. Record Vote Number: 263.
- Measure laid before Senate by motion.
- Amendment SA 2228 proposed by Senator Thune for Senator Ricketts. To provide for expedited certification of existing regulatory regimes. (S.Amdt.2228)
- Considered by Senate. (S.Amdt.2228)
- Considered by Senate.Senate
Senate floor day: 10 amendments (14 steps)
Congress.gov lists Senate floor actions without times of day, so the order of steps without a roll-call number is reconstructed from the action list.
- Considered by Senate.
- Cloture motion on the bill presented in Senate. (CR S3276)
- 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.
- Amendment SA 2314 proposed by Senator Thune to Amendment SA 2313. To improve the bill. (S.Amdt.2314)
- Amendment SA 2313 proposed by Senator Thune to Amendment SA 2312 (the instructions of the motion to commit). To improve the bill. (S.Amdt.2313)
- Amendment SA 2312 proposed by Senator Thune. To improve the bill. (S.Amdt.2312)
- Amendment SA 2311 proposed by Senator Thune to Amendment SA 2310. To improve the bill. (S.Amdt.2311)
- Amendment SA 2310 proposed by Senator Thune to language proposed to be stricken by amendment no. 2307. To improve the bill. (S.Amdt.2310)
- Amendment SA 2309 proposed by Senator Thune to Amendment SA 2308. To improve the bill. (S.Amdt.2309)
- Amendment SA 2308 proposed by Senator Thune to Amendment SA 2307. To improve the bill. (S.Amdt.2308)
- SA 2278 fell when SA 2228 withdrawn. (S.Amdt.2278)
- Amendment SA 2307 proposed by Senator Thune for Senator Hagerty. In the nature of a substitute. (S.Amdt.2307)
- Proposed amendment SA 2228 withdrawn in Senate. (S.Amdt.2228)
- Cloture motion on amendment SA 2307 presented in Senate. (CR S3335-3336) (S.Amdt.2307)
Senate floor day: 4 amendments (6 steps)
Congress.gov lists Senate floor actions without times of day, so the order of steps without a roll-call number is reconstructed from the action list.
- Considered by Senate.
- 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...
- Cloture on amendment SA 2307 invoked in Senate by Yea-Nay Vote. 68 - 30. Record Vote Number: 305. (S.Amdt.2307)
- SA 2314 fell when SA 2313 fell. (S.Amdt.2314)
- SA 2313 fell when SA 2312 fell. (S.Amdt.2313)
- SA 2312 (the instructions of the motion to commit) fell when cloture was invoked on amendment SA 2307. (S.Amdt.2312)
Senate floor day: 5 amendments (10 steps)
Congress.gov lists Senate floor actions without times of day, so the order of steps without a roll-call number is reconstructed from the action list.
- Considered by Senate.
- Motion to table amendment SA 2310 rejected in Senate by Yea-Nay Vote. 45 - 52. Record Vote Number: 309. (S.Amdt.2310)
- Point of order that the amendment violates section 4106 of H.Con.Res.71, 115th Congress raised in Senate with respect to amendment SA 2307. (S.Amdt.2307)
- Motion to waive all applicable budgetary discipline with respect to amendment SA 2307 agreed to in Senate by Yea-Nay Vote. 64 - 33. Record Vote Number: 310. (S.Amdt.2307)
- Amendment SA 2307 agreed to in Senate by Yea-Nay Vote. 67 - 30. Record Vote Number: 311. (S.Amdt.2307)
- Cloture on the bill, as amended invoked in Senate by Yea-Nay Vote. 67 - 27. Record Vote Number: 312.
- SA 2311 fell when SA 2310 withdrawn. (S.Amdt.2311)
- SA 2309 fell when SA 2308 withdrawn. (S.Amdt.2309)
- Proposed amendment SA 2308 withdrawn in Senate. (S.Amdt.2308)
- Proposed amendment SA 2310 withdrawn in Senate. (S.Amdt.2310)
- Considered by Senate.Senate
2 members cosponsored
- Bernie Moreno R-OH
- Pete Ricketts R-NE
- Message on Senate action sent to the House.Senate
- Received in the House.House
- Held at the desk.House
House floor day: vote on the rule (H.Res.580) (4 steps)
- 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...
- On ordering the previous question Agreed to by the Yeas and Nays: 211 - 210 (Roll no. 194).
- Failed of passage/not agreed to in House On agreeing to the resolution Failed by recorded vote: 196 - 223 (Roll no. 195).
- On agreeing to the resolution Failed by recorded vote: 196 - 223 (Roll no. 195).
House floor day: vote on the rule (H.Res.580) (3 steps)
- On motion to reconsider Agreed to by the Yeas and Nays: 215 - 211 (Roll no. 197).
- Passed/agreed to in House: On agreeing to the resolution Agreed to by recorded vote: 217 - 212 (Roll no. 198).
- Rule H. Res. 580 passed House.
House floor day: passage (7 steps)
- Considered under the provisions of rule H. Res. 580.
- 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...
- DEBATE - The House proceeded with one hour of debate on S. 1582.
- The previous question was ordered pursuant to the rule.
- 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...
- Considered as unfinished business.
- On passage Passed by the Yeas and Nays: 308 - 122 (Roll no. 200).
- House vote: Passage of the billCounted in grades
Passed, 308-122
Member breakdown · Official House roll call 200 - Motion to reconsider laid on the table Agreed to without objection.House
- Presented to President
- Signed by President
- Became Public Law No: 119-27
Votes on this bill
14 votes: 14 recorded roll calls and 0 decided without a recorded vote, 4 of them on amendments. Showing 2 below; 8 procedural votes and 4 amendment votes are behind "Show all 14 votes". Votes counted in grades are marked.
May 8, 2025SenateCloture on the motion to proceed (vote to end debate; three-fifths of senators duly chosen and sworn required)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)Not invoked48-49n/a
| Party | Yea | Nay | Present | Not voting |
|---|---|---|---|---|
| Democratic | 0 | 44 | 0 | 1 |
| Republican | 48 | 3 | 0 | 2 |
| Independent | 0 | 2 | 0 | 0 |
| Total | 48 | 49 | 0 | 3 |
May 19, 2025SenateCloture on the motion to proceed (vote to end debate; three-fifths of senators duly chosen and sworn required)Second cloture motion on the motion to proceed invoked in Senate by Yea-Nay Vote. 66 - 32. Record Vote Number: 262. (CR S2965)Invoked66-32n/a
| Party | Yea | Nay | Present | Not voting |
|---|---|---|---|---|
| Democratic | 16 | 28 | 0 | 1 |
| Republican | 50 | 2 | 0 | 1 |
| Independent | 0 | 2 | 0 | 0 |
| Total | 66 | 32 | 0 | 2 |
May 21, 2025SenateMotion to proceed (bring the bill to the floor)Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 69 - 31. Record Vote Number: 263.Agreed to69-31n/a
| Party | Yea | Nay | Present | Not voting |
|---|---|---|---|---|
| Democratic | 18 | 27 | 0 | 0 |
| Republican | 51 | 2 | 0 | 0 |
| Independent | 0 | 2 | 0 | 0 |
| Total | 69 | 31 | 0 | 0 |
Jun 11, 2025SenateCloture on the amendment (vote to end debate; three-fifths of senators duly chosen and sworn required)
S.Amdt.2307, Bill Hagerty: In the nature of a substitute.Cloture on amendment SA 2307 invoked in Senate by Yea-Nay Vote. 68 - 30. Record Vote Number: 305.Invoked68-30n/a
| Party | Yea | Nay | Present | Not voting |
|---|---|---|---|---|
| Democratic | 18 | 26 | 0 | 1 |
| Republican | 50 | 2 | 0 | 1 |
| Independent | 0 | 2 | 0 | 0 |
| Total | 68 | 30 | 0 | 2 |
Jun 12, 2025SenateMotion to table the amendment
S.Amdt.2310, John Thune: To improve the bill.Motion to table amendment SA 2310 rejected in Senate by Yea-Nay Vote. 45 - 52. Record Vote Number: 309.Not agreed to (the amendment stayed pending)45-52n/a
| Party | Yea | Nay | Present | Not voting |
|---|---|---|---|---|
| Democratic | 42 | 0 | 0 | 3 |
| Republican | 1 | 52 | 0 | 0 |
| Independent | 2 | 0 | 0 | 0 |
| Total | 45 | 52 | 0 | 3 |
Jun 12, 2025SenateMotion to waive a point of order against the amendment (60 votes required)
S.Amdt.2307, Bill Hagerty: In the nature of a substitute.Motion to waive all applicable budgetary discipline with respect to amendment SA 2307 agreed to in Senate by Yea-Nay Vote. 64 - 33. Record Vote Number: 310.Agreed to64-33n/a
| Party | Yea | Nay | Present | Not voting |
|---|---|---|---|---|
| Democratic | 13 | 29 | 0 | 3 |
| Republican | 51 | 2 | 0 | 0 |
| Independent | 0 | 2 | 0 | 0 |
| Total | 64 | 33 | 0 | 3 |
Jun 12, 2025SenateVote on an amendment
S.Amdt.2307, Bill Hagerty: In the nature of a substitute.Amendment SA 2307 agreed to in Senate by Yea-Nay Vote. 67 - 30. Record Vote Number: 311.Agreed to67-30n/a
| Party | Yea | Nay | Present | Not voting |
|---|---|---|---|---|
| Democratic | 16 | 26 | 0 | 3 |
| Republican | 51 | 2 | 0 | 0 |
| Independent | 0 | 2 | 0 | 0 |
| Total | 67 | 30 | 0 | 3 |
Jun 12, 2025SenateCloture on the bill (vote to end debate; three-fifths of senators duly chosen and sworn required)Cloture on the bill, as amended invoked in Senate by Yea-Nay Vote. 67 - 27. Record Vote Number: 312.Invoked67-27n/a
| Party | Yea | Nay | Present | Not voting |
|---|---|---|---|---|
| Democratic | 16 | 25 | 0 | 4 |
| Republican | 51 | 2 | 0 | 0 |
| Independent | 0 | 0 | 0 | 2 |
| Total | 67 | 27 | 0 | 6 |
Jun 17, 2025SenatePassage of the billPassed Senate with an amendment by Yea-Nay Vote. 68 - 30. Record Vote Number: 318.Passed68-30n/a
| Party | Yea | Nay | Present | Not voting |
|---|---|---|---|---|
| Democratic | 18 | 26 | 0 | 1 |
| Republican | 50 | 2 | 0 | 1 |
| Independent | 0 | 2 | 0 | 0 |
| Total | 68 | 30 | 0 | 2 |
Jul 15, 20252:12 pmHouseVote to end debate on the rule (ordering the previous question)
H.Res.580On ordering the previous question Agreed to by the Yeas and Nays: 211 - 210 (Roll no. 194).Agreed to211-210Nay
| Party | Yea | Nay | Present | Not voting |
|---|---|---|---|---|
| Democratic | 0 | 210 | 0 | 2 |
| Republican | 211 | 0 | 0 | 9 |
| Independent | 0 | 0 | 0 | 0 |
| Total | 211 | 210 | 0 | 11 |
Jul 15, 20252:29 pmHouseVote on the rule (H.Res.580)On agreeing to the resolution Failed by recorded vote: 196 - 223 (Roll no. 195).Failed196-223Nay
| Party | Yea | Nay | Present | Not voting |
|---|---|---|---|---|
| Democratic | 0 | 210 | 0 | 2 |
| Republican | 196 | 13 | 0 | 11 |
| Independent | 0 | 0 | 0 | 0 |
| Total | 196 | 223 | 0 | 13 |
Jul 16, 20251:18 pmHouseMotion to reconsider the vote on the rule (H.Res.580) that failed Jul 15On motion to reconsider Agreed to by the Yeas and Nays: 215 - 211 (Roll no. 197).Agreed to215-211Nay
| Party | Yea | Nay | Present | Not voting |
|---|---|---|---|---|
| Democratic | 0 | 211 | 0 | 1 |
| Republican | 215 | 0 | 0 | 5 |
| Independent | 0 | 0 | 0 | 0 |
| Total | 215 | 211 | 0 | 6 |
Jul 16, 202511:04 pmHouseVote on the rule (H.Res.580)On agreeing to the resolution Agreed to by recorded vote: 217 - 212 (Roll no. 198).Agreed to217-212Nay
| Party | Yea | Nay | Present | Not voting |
|---|---|---|---|---|
| Democratic | 0 | 211 | 0 | 1 |
| Republican | 217 | 1 | 0 | 2 |
| Independent | 0 | 0 | 0 | 0 |
| Total | 217 | 212 | 0 | 3 |
Jul 17, 20253:54 pmHousePassage of the billCounted in gradesOn passage Passed by the Yeas and Nays: 308 - 122 (Roll no. 200).Passed308-122Yea
Counted in grades
| Party | Yea | Nay | Present | Not voting |
|---|---|---|---|---|
| Democratic | 102 | 110 | 0 | 0 |
| Republican | 206 | 12 | 0 | 2 |
| Independent | 0 | 0 | 0 | 0 |
| Total | 308 | 122 | 0 | 2 |
Amendments
130 amendments: 1 agreed to, 6 fell, 3 withdrawn, 120 submitted, not proposed. Show the list
Agreed to (1)
Bill HagertyIn the nature of a substitute.Roll 311: 67-30 (cloture invoked, roll 305, 68-30; waiver agreed, roll 310, 64-33)
Fell (6)
Withdrawn (3)
Pete RickettsTo provide for expedited certification of existing regulatory regimes.
Submitted, not proposed (120)
Lets private companies, including large tech firms approved by unanimous vote of a federal committee, issue stablecoins (digital dollars). Holders get first claim on reserves if an issuer fails but no deposit insurance or investor-protection coverage. Its ethics clause relies on a conflict-of-interest statute that excludes the President, Vice President, and Members of Congress.