Federal Register #2026-21704

OCC Proposed Information Collection for Payment Stablecoin Issuer Applications

The Office of the Comptroller of the Currency is seeking public comments on a proposed information collection for payment stablecoin issuer applications. - Government buyer: Office of the Comptroller of the Currency (OCC), within the U.S. Department of the Treasury. - Notice purpose: The OCC is proposing information requirements for applications to approve permitted payment stablecoin issuers and register foreign payment stablecoin issuers under the GENIUS Act. - Requested information: Applicant overview, detailed business plan, proposed activities, reserve and redemption policies, risk management information, and supporting certifications. - Estimated reporting burden: 40 respondents, 40 annual responses, and 4,915 total annual hours; proposed OMB control number 1557-NEW. - Procurement status: This is a public-comment notice, not a solicitation for products or services. No OEMs, vendors, products, quantities, or contract value are identified.

Description

The Office of the Comptroller of the Currency (OCC) is seeking comments on a new information collection required under the GENIUS Act for entities seeking to issue payment stablecoins in the United States. The proposed collection consists of application forms for entities seeking OCC approval to become permitted payment stablecoin issuers and for foreign payment stablecoin issuers seeking registration with the OCC. Applications include information such as an overview and detailed business plan, proposed activities, reserve and redemption policies, and risk management information. The OCC has submitted the collection to OMB for review and is requesting a new OMB control number.

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