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Guiding and Establishing National Innovation for U.S. Stablecoins Act › Section 3 › Proposal

The section is intended to reach conduct abroad aimed at a person in the United States

To provide for the regulation of payment stablecoins, and for other purposes, section 3, Sec. 3. Written by .

The section is intended to reach conduct abroad aimed at a person in the United States

The document says “shall apply”Who acts: CongressHow: statuteSec. 3 in the PDF
What the document says

“This section is intended to have extraterritorial effect if conduct involves the offer or sale of a payment stablecoin to a person located in the United States.”

To provide for the regulation of payment stablecoins, and for other purposes, Sec. 3

Subsection (e). The trigger is the location of the buyer rather than the location of the seller: the section is intended to reach conduct wherever it takes place, if that conduct involves an offer or sale to a person located in the United States.

What the document actually says

“This section is intended to have extraterritorial effect if conduct involves the offer or sale of a payment stablecoin to a person located in the United States.”

To provide for the regulation of payment stablecoins, and for other purposes, Sec. 3
That sentence, in plain words

This part is meant to reach acts done in other countries. It does so when the coin is put up for sale to someone here.

What this is about

Most laws stop at the border. This one says it does not. What matters is where the buyer is, not the seller.

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.

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How to cite this
  1. The document itself

    Guiding and Establishing National Innovation for U.S. Stablecoins Act, Public Law 119-27, sec. 3, 139 Stat. 423 (2025).
    https://www.govinfo.gov/content/pkg/PLAW-119publ27/html/PLAW-119publ27.htm

  2. This page

    “The section is intended to reach conduct abroad aimed at a person in the United States,” Guiding and Establishing National Innovation for U.S. Stablecoins Act, section 3, Sec. 3. Read the Mandate, https://readthemandate.org/guiding-establishing-national-innovation-u-s/proposal/sec03-extraterritorial-effect/ (retrieved October 10, 2026).

Cite the document when the claim is about what the document says. Cite this page when the indexing, the wording or the record of what has happened is what is being relied on.

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The quotation is the document's own words, exactly as printed, checked against the page number against the Act itself before publishing. The paragraph underneath is our summary, not the document's words. So is the plain English version, which is why it sits beside the quotation rather than replacing it.

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