A regulator keeps authority over a party for six years after they leave
To provide for the regulation of payment stablecoins, and for other purposes, section 6, Sec. 6.
Written by .
A regulator keeps authority over a party for six years after they leave
The document says “shall not”Who acts: primary Federal payment stablecoin regulatorsHow: statuteSec. 6 in the PDF
What the document says
“separation of an institution-affiliated party (including a separation caused by the closing of a permitted payment stablecoin issuer) shall not affect the jurisdiction and authority of a primary Federal payment stablecoin regulator to issue any notice or order and proceed under this subsection against any such party”
Subsection (b)(5)(E). Resignation, termination of employment or participation, and separation all leave the regulator's authority intact, provided the notice or order is served before the end of the six year period beginning on the date the party ceased to be an institution-affiliated party of that issuer.
What the document actually says
“separation of an institution-affiliated party (including a separation caused by the closing of a permitted payment stablecoin issuer) shall not affect the jurisdiction and authority of a primary Federal payment stablecoin regulator to issue any notice or order and proceed under this subsection against any such party”
That sentence, in plain words
A person can quit or be let go. The firm can even shut down. The watchdog can still act against that person.
What this is about
It has six years from the day they left. After that the door closes. The clock starts when they stop being tied to the firm.
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. 6, 139 Stat. 443 (2025). https://www.govinfo.gov/content/pkg/PLAW-119publ27/html/PLAW-119publ27.htm
This page
“A regulator keeps authority over a party for six years after they leave,” Guiding and Establishing National Innovation for U.S. Stablecoins Act, section 6, Sec. 6. Read the Mandate, https://readthemandate.org/guiding-establishing-national-innovation-u-s/proposal/sec06-six-year-reach/ (retrieved October 10, 2026).
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