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Senate bill · 119th Congress · Public Law 119-27

GENIUS Act

S. 1582Introduced May 1, 2025Policy area: Finance and Financial Sector

Became law on Jul 18, 2025. This law creates federal rules for payment stablecoins, digital assets redeemable for a fixed value, and allows only regulated issuers to offer them. Each coin must be backed one-to-one by dollars or similarly liquid assets, with reserves disclosed monthly.

Official title: A bill to provide for the regulation of payment stablecoins, and for other purposes.

Sponsor: Sen. Bill Hagerty R-TN
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Where it went

Latest action: Jul 18, 2025 — Became Public Law No: 119-27.

Cost and committee reports

Official records Congress.gov attaches to S. 1582.

Congress.gov’s record for this bill does not list a committee report (as of July 29, 2026). Not every bill gets one.

Bills with a CBO estimateBills with a committee reportSee it in the Data Web

From the Congress.gov bill record for S. 1582, last updated July 29, 2026. PORKER’s copy was retrieved September 13, 2026 and is refreshed nightly. Open “Evidence” on any line for the record, field and file fingerprint.

Vote results

7 recorded roll-call votes on S. 1582. The 2 that moved the bill are first, in date order.

1SENATE · JUN 17, 2025

Passed the Senate

68–30PASSED
R 50–2 D 18–26 I 0–2

On Passage of the Bill · roll 318 · 2 not voting

2HOUSE · JUL 17, 2025

Passed the House

308–122PASSED
R 206–12 D 102–110

On Passage · roll 200 · 2 not voting

Procedural votes (5) — motions, rulings and amendments along the way (5 Senate). Tap to show.

Mostly cloture votes (attempts to cut off debate) (4 of 5). Oldest first. Totals are yea–nay.

  • Cloture vote to start debate
    Cloture on the motion to proceed
    Senate · May 8, 2025 · roll 240 · Needed a 3/5 majority (60 votes)
    R 48–3 D 0–44 I 0–2
    48–49Rejected
  • Cloture vote to start debate
    Cloture on the motion to proceed
    Senate · May 19, 2025 · roll 262 · Needed a 3/5 majority (60 votes)
    R 50–2 D 16–28 I 0–2
    66–32Agreed
  • Start debate on S. 1582
    Motion to proceed
    Senate · May 21, 2025 · roll 263
    R 51–2 D 18–27 I 0–2
    69–31Agreed
  • Cloture vote to end debate
    Cloture motion
    Senate · Jun 11, 2025 · roll 305 · Needed a 3/5 majority (60 votes)
    R 50–2 D 18–26 I 0–2
    68–30Agreed
  • Cloture vote to end debate
    Cloture motion
    Senate · Jun 12, 2025 · roll 312 · Needed a 3/5 majority (60 votes)
    R 51–2 D 16–25 I 0–0
    67–27Agreed

Yea–nay by party (R = Republicans, D = Democrats, I = independents). Counts for present and not-voting members are shown where there were any. Showing all 7 of 7 recorded votes. Sorted by date; within a chamber by roll-call number.

Cosponsors

5 cosponsors — 5 Republicans

0 of 5 cosponsors (0%) are from the other party.

Cynthia Lummis (R-WY), Bernie Moreno (R-OH), Pete Ricketts (R-NE), Tim Scott (R-SC), Dan Sullivan (R-AK).

More from the sponsor

Other 119th Congress bills sponsored by Sen. Bill Hagerty.

Related bills

Relationships as recorded by Congress.gov.

Sponsor’s state and district

Tennessee in Congress

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Data as of Sep 25, 2026 · bill record checked by PORKER from Congress.gov · votes from Senate.gov and the House Clerk. PORKER is non-partisan.