Reserve assets do not count against a savings association's thrift lender test
To provide for the regulation of payment stablecoins, and for other purposes, section 4, Sec. 4.
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Reserve assets do not count against a savings association's thrift lender test
The document says “shall not”Who acts: CongressHow: statuteSec. 4 in the PDF
What the document says
“A Federal savings association established under the Home Owners' Loan Act (12 U.S.C. 1461 et seq.) that holds a reserve that satisfies the requirements of section 4(a)(1) shall not be required to satisfy the qualified thrift lender test under section 10(m) of the Home Owners' Loan Act (12 U.S.C. 1467a(m)) with respect to such reserve assets.”
Subsection (g). The relief is limited to the reserve assets themselves. What the qualified thrift lender test requires is not recorded here, because the Home Owners' Loan Act is not indexed on this site.
What the document actually says
“A Federal savings association established under the Home Owners' Loan Act (12 U.S.C. 1461 et seq.) that holds a reserve that satisfies the requirements of section 4(a)(1) shall not be required to satisfy the qualified thrift lender test under section 10(m) of the Home Owners' Loan Act (12 U.S.C. 1467a(m)) with respect to such reserve assets.”
That sentence, in plain words
A federal savings bank may hold backing for these coins. It does not have to meet one older test on those assets.
What this is about
The older test is in a law from the 1930s. That law is not part of this site. So what the test asks for is not recorded here.
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
“Reserve assets do not count against a savings association's thrift lender test,” 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-thrift-lender-test/ (retrieved October 10, 2026).
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