Regulations are due within one year, through notice and comment
What the document says“Not later than 1 year after the date of enactment of this Act, each primary Federal payment stablecoin regulator, the Secretary of the Treasury, and each State payment stablecoin regulator shall promulgate regulations to carry out this Act through appropriate notice and comment rulemaking.”
Subsection (a). The Act was approved July 18, 2025, so the deadline falls in July 2026. The duty runs to each primary Federal payment stablecoin regulator, the Secretary of the Treasury and each State payment stablecoin regulator, and the rules are to be made through appropriate notice and comment rulemaking. Sections 3, 4, 5, 7, 8 and 18 each point back to this section for their own rulemaking.
What the document actually says“Not later than 1 year after the date of enactment of this Act, each primary Federal payment stablecoin regulator, the Secretary of the Treasury, and each State payment stablecoin regulator shall promulgate regulations to carry out this Act through appropriate notice and comment rulemaking.”
The rules are due one year after the law passed. Each federal watchdog must write its own. So must the Treasury and each state watchdog. The public must get a say first.
Notice and comment means an agency prints a draft. People send in views. The agency then puts out a final rule.
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.