Federal Register #1557NEW

OCC Seeks Comment on Information Collection for Stablecoin Issuer Licensing Under GENIUS Act

This opportunity is a regulatory notice from the Department of the Treasury's Office of the Comptroller of the Currency (OCC) regarding proposed information collection for licensing or registration to issue payment stablecoins under the GENIUS Act. - Government Buyer: - Department of the Treasury - Office of the Comptroller of the Currency (OCC) - Purpose: - Soliciting public comment on a proposed information collection process for entities seeking to issue payment stablecoins in the U.S. - The collection is required by the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) - Requirements for Applicants: - Submission of detailed business plans - Financial condition assessments - Management integrity documentation - Compliance with regulatory requirements - Other supporting materials as specified by the OCC - No OEMs or vendors are mentioned, as this is not a procurement of products or services - The OCC is seeking a new OMB control number for this information collection - The notice is focused on regulatory compliance and public feedback, not acquisition of goods or services

Description

The Office of the Comptroller of the Currency (OCC) is proposing a new information collection to comply with the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). This collection pertains to applications for licensing or registration to issue payment stablecoins in the United States. The OCC seeks a new Office of Management and Budget (OMB) control number for this collection. The application process includes submission of detailed business plans and information to assess financial condition, management integrity, and compliance with regulatory requirements. Comments on this proposal are invited and must be received by September 25, 2026.

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