The Act may be cited as the GENIUS Act
What the document says“This Act may be cited as the ``Guiding and Establishing National Innovation for U.S. Stablecoins Act'' or the ``GENIUS Act''.”
The section gives the Act two names: the Guiding and Establishing National Innovation for U.S. Stablecoins Act, and the GENIUS Act. It does nothing else.
What the document actually says“This Act may be cited as the ``Guiding and Establishing National Innovation for U.S. Stablecoins Act'' or the ``GENIUS Act''.”
This law can be called by two names. One is long. The short one is the GENIUS Act.
Laws often start with a part that just gives a name. Nobody has to do anything because of it. The name is used when other laws point back to this one.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.