S3907Referred to Committee

Foreign Stablecoin Transparency Act

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-02-24
Introduced
0
Cosponsors
S
ⓘ
Type

Sponsor

Jack Reed
Jack Reed
Democrat · RI · Senator
Votes with party: 82.1% (907 recorded votes)

Full profile: /officials/R000122

Source: Congress.gov · FEC

Cosponsors (0)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

No cosponsors on record. Bills can pass without cosponsors — this often means the sponsor introduced the bill alone, either because it's a messaging bill, a chairman's mark, or simply early in the legislative cycle.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S653-654)

2026-02-24

Source: Congress.gov

Plain-English Summary

This bill would require foreign cryptocurrency companies that issue stablecoins—digital currencies designed to maintain a fixed value—to disclose information to U.S. regulators and meet certain transparency standards before operating in American markets. The measure aims to give federal banking regulators better visibility into foreign stablecoin operations to protect consumers and prevent financial risks. It would primarily affect cryptocurrency companies, financial institutions, and investors who use or trade these digital assets.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Finance and Financial Sector
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