A registered public accounting firm must examine the monthly report
To provide for the regulation of payment stablecoins, and for other purposes, section 4, Sec. 4.
Written by .
A registered public accounting firm must examine the monthly report
The document says “shall”Who acts: permitted payment stablecoin issuersHow: statuteSec. 4 in the PDF
What the document says
“A permitted payment stablecoin issuer shall, each month, have the information disclosed in the previous month-end report required under paragraph (1)(D) examined by a registered public accounting firm.”
Subsection (a)(3)(A). The examination is monthly and is performed by a registered public accounting firm, a term section 2(26) takes from section 2 of the Sarbanes-Oxley Act of 2002 (15 U.S.C. 7201). The cross reference in the sentence is to paragraph (1)(D); paragraph (1) as enacted ends at subparagraph (C).
What the document actually says
“A permitted payment stablecoin issuer shall, each month, have the information disclosed in the previous month-end report required under paragraph (1)(D) examined by a registered public accounting firm.”
That sentence, in plain words
Each month an outside firm checks the maker's report. The firm must be one that is on a public register.
What this is about
The check is on the numbers the maker put out the month before. The law points to a part of itself that is not there. The site records the words as printed.
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.
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
This page
“A registered public accounting firm must examine the monthly report,” 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-monthly-examination/ (retrieved August 26, 2026).
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