A State regulator must certify its regime within one year and each year after
To provide for the regulation of payment stablecoins, and for other purposes, section 4, Sec. 4.
Written by .
A State regulator must certify its regime within one year and each year after
The document says “shall”Who acts: State payment stablecoin regulatorsHow: statuteSec. 4 in the PDF
What the document says
“not later than 1 year after the effective date of this Act, a State payment stablecoin regulator shall submit to the Stablecoin Certification Review Committee an initial certification that the State-level regulatory regime meets the criteria for substantial similarity established pursuant to paragraph (2).”
Subsection (c)(4). The certification takes a form prescribed by the committee and contains an attestation that the regime meets the criteria. A recertification confirming the accuracy of the initial certification is due each year by a date the Secretary of the Treasury sets. Section 20 sets the effective date of the Act from which the one year runs.
What the document actually says
“not later than 1 year after the effective date of this Act, a State payment stablecoin regulator shall submit to the Stablecoin Certification Review Committee an initial certification that the State-level regulatory regime meets the criteria for substantial similarity established pursuant to paragraph (2).”
That sentence, in plain words
A state watchdog must send in a paper within a year. It says the state's rules meet the test. The clock starts when the law takes effect.
What this is about
The panel sets the form the paper takes. The state must send a fresh one each year. That one says the first is still true.
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 State regulator must certify its regime within one year and each year after,” 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-state-certification/ (retrieved August 26, 2026).
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