Two terms from this Act are added to the bankruptcy code
To provide for the regulation of payment stablecoins, and for other purposes, section 11, Sec. 11.
Written by .
Two terms from this Act are added to the bankruptcy code
The document says “is amended”Who acts: CongressHow: statuteSec. 11 in the PDF
What the document says
“Section 101 of title 11, United States Code, is amended by adding after paragraph (40B) the following: "(40C) The terms `payment stablecoin' and `permitted payment stablecoin issuer' have the meanings given those terms in section 2 of the GENIUS Act.".”
Subsection (b). The amendment carries the two definitions from section 2 of this Act into title 11 of the United States Code, so that the other amendments the section makes have terms to work with.
What the document actually says
“Section 101 of title 11, United States Code, is amended by adding after paragraph (40B) the following: "(40C) The terms `payment stablecoin' and `permitted payment stablecoin issuer' have the meanings given those terms in section 2 of the GENIUS Act.".”
That sentence, in plain words
Two words from this law are added to the bankruptcy code. They keep the meaning this law gives them.
What this is about
The bankruptcy code is the law on firms that fail. It is not part of this site. The words added here let the rest of this part work.
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. 11, 139 Stat. 457 (2025). https://www.govinfo.gov/content/pkg/PLAW-119publ27/html/PLAW-119publ27.htm
This page
“Two terms from this Act are added to the bankruptcy code,” Guiding and Establishing National Innovation for U.S. Stablecoins Act, section 11, Sec. 11. Read the Mandate, https://readthemandate.org/guiding-establishing-national-innovation-u-s/proposal/sec11-bankruptcy-definitions/ (retrieved October 10, 2026).
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