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Guiding and Establishing National Innovation for U.S. Stablecoins Act › Section 4 › Proposal

An issuer above fifty billion dollars must publish an audited annual statement

To provide for the regulation of payment stablecoins, and for other purposes, section 4, Sec. 4. Written by .

An issuer above fifty billion dollars must publish an audited annual statement

The document says “shall”Who acts: permitted payment stablecoin issuersHow: statuteSec. 4 in the PDF
What the document says

“A permitted payment stablecoin issuer with more than $50,000,000,000 in consolidated total outstanding issuance, that is not subject to the reporting requirements under section 13(a) or 15(d) of the Securities and Exchange Act of 1934 (15 U.S.C. 78m, 78o(d)), shall prepare, in accordance with generally accepted accounting principles, an annual financial statement”

To provide for the regulation of payment stablecoins, and for other purposes, Sec. 4

Subsection (a)(10). The statement must disclose any related party transactions and be audited by a registered public accounting firm, and the audit must follow the auditing standards of the Public Company Accounting Oversight Board, including those on auditor independence, internal controls and related party transactions. The issuer must post the audited statements on its website and submit them annually to its primary Federal payment stablecoin regulator. Nothing in the subparagraph is to be construed to limit, alter or expand the jurisdiction of that Board.

What the document actually says

“A permitted payment stablecoin issuer with more than $50,000,000,000 in consolidated total outstanding issuance, that is not subject to the reporting requirements under section 13(a) or 15(d) of the Securities and Exchange Act of 1934 (15 U.S.C. 78m, 78o(d)), shall prepare, in accordance with generally accepted accounting principles, an annual financial statement”

To provide for the regulation of payment stablecoins, and for other purposes, Sec. 4
That sentence, in plain words

A very large maker must draw up a yearly financial statement. This kicks in above fifty billion dollars of coins. Makers that already report to the SEC are left out.

What this is about

An outside firm must audit that statement. The maker must post it online. It must also send it to its watchdog once a year.

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. 4, 139 Stat. 425 (2025).
    https://www.govinfo.gov/content/pkg/PLAW-119publ27/html/PLAW-119publ27.htm

  2. This page

    “An issuer above fifty billion dollars must publish an audited annual statement,” Guiding and Establishing National Innovation for U.S. Stablecoins Act, section 4, Sec. 4. Read the Mandate, https://readthemandate.org/guiding-establishing-national-innovation-u-s/proposal/sec04-annual-audit/ (retrieved October 10, 2026).

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