A waiver or license must be reported to two committees within seven days
What the document says“Not later than 7 days after issuing a waiver or a license under paragraph (1), (2), or (3), the Secretary of the Treasury shall submit to the chairs and ranking members of the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives, a report”
Subsection (c)(4). The report includes the text of the waiver or license and the facts and circumstances justifying the determination, may include a classified annex, and is accompanied by a briefing. Subsection (d) adds that nothing in the Act alters the Secretary's existing authority to block, restrict or limit transactions involving dollar-denominated payment stablecoins subject to United States jurisdiction.
What the document actually says“Not later than 7 days after issuing a waiver or a license under paragraph (1), (2), or (3), the Secretary of the Treasury shall submit to the chairs and ranking members of the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives, a report”
The Treasury has seven days after it grants a pass. It must send a report to two groups in Congress. It goes to their leaders on both sides.
The report holds the text of the pass. It also gives the facts behind it. Part of it may be secret. The Treasury must brief them too.
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