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![handle is hein.congrecreports/crptxahke0001 and id is 1 raw text is: AUT-ENTICATED
US. GOVERNMENT
INFORMATION
GP
119TH CONGRESS REPORT
1st Session HOUSE OF REPRESENTATIVES 119-94
STABLECOIN TRANSPARENCY AND ACCOUNTABILITY FOR
A BETTER LEDGER ECONOMY ACT OF 2025
MAY 6, 2025.-Committed to the Committee of the Whole House on the State of the
Union and ordered to be printed
Mr. HILL of Arkansas, from the Committee on Financial Services,
submitted the following
REPORT
together with
MINORITY VIEWS
[To accompany H.R. 2392]
The Committee on Financial Services, to whom was referred the
bill (H.R. 2392) to provide for the regulation of payment
stablecoins, and for other purposes, having considered the same, re-
ports favorably thereon with an amendment and recommends that
the bill as amended do pass.
CONTENTS
Page
Purpose and Sum m ary ........................................................................................... 19
Background and Need for Legislation .................................................................... 19
Com m ittee Consideration ....................................................................................... 23
R elated H earings ..................................................................................................... 24
C om m ittee V otes ...................................................................................................... 25
Com m ittee Oversight Findings ............................................................................... 63
Perform ance Goals and Objectives ........................................................................ 63
Com m ittee Cost Estim ate ....................................................................................... 63
New Budget Authority and CBO Cost Estimate .................................................. 63
Unfunded M andates Statem ent .............................................................................. 63
Earm ark Statem ent ................................................................................................ 63
Federal Advisory Committee Act Statement ......................................................... 64
Applicability to the Legislative Branch ................................................................. 64
Duplication of Federal Program s ........................................................................... 64
Section-by-Section Analysis of the Legislation ..................................................... 64
Changes in Existing Law Made by the Bill, as Reported ................. 69
M inority V iew s ......................................................................................................... 140
The amendment is as follows:
59-006](ViewImageLocal?handle=hein.congrecreports/crptxahke0001&div=1&collection=&method=preview&ext=.png&size=3)