S. 1582 · 119th Congress · enacted
GENIUS Act
Became Public Law No: 119-27.
Latest official action 2025-07-18 · Enacted
The bill, briefly
Guiding and Establishing National Innovation for U.S. Stablecoins Act or the GENIUS Act This act establishes a regulatory framework for payment stablecoins (digital assets which an issuer must redeem for a fixed value). Under the act, only permitted issuers may issue a payment stablecoin for use by U.S. persons, subject to certain exceptions and safe harbors. Permitted issuers must be a subsidiary of an insured depository institution, a federal-qualified nonbank payment stablecoin issuer, or a state-qualified payment stablecoin issuer. Permitted issuers must be regulated by the appropriate federal or state regulator. Permitted issuers may choose federal or state regulation; however, state regulation is limited to those with a stablecoin issuance of $10 billion or less. Permitted issuers must maintain reserves backing the stablecoin on a one-to-one basis using U.S. currency or other similarly liquid assets, as specified. Permitted issuers must also publicly disclose their redemption policy and publish monthly the details of their reserves. The act specifies requirements for (1) reusing reserves; (2) providing safekeeping services for stablecoins; and (3) supervisory, examination, and enforcement authority over federal-qualified issuers. The act allows foreign issuers of stablecoins to offer, sell, or make available in the United States stablecoins using digital asset service pro…
Congressional Research Service · 2025-07-18
Who reported lobbying on this bill?
Amount spent specifically on this bill: not disclosed
The reports below name this bill and disclose an organization’s overall lobbying expenses or a firm’s client income for the period. They can cover many bills and issues. These amounts are not payments to the bill or its politicians.
No matching lobbying report is imported yet. This is not evidence that no lobbying occurred.
2,409 latest lobbying reports imported. Some source imports are still in progress.
Politicians behind the bill
Sponsors and cosponsors from the official source, limited to members currently in office. Campaign amounts are cycle-wide and are not payments for this bill.
Sponsor
Bill Hagerty
Senate · TN · Republican
$1,546,406PAC receipts · 2025–2026
Cosponsor
Cynthia M. Lummis
Senate · WY · Republican
$543,186PAC receipts · 2025–2026
Cosponsor
Tim Scott
Senate · SC · Republican
$205,300PAC receipts · 2025–2026
Cosponsor
Dan Sullivan
Senate · AK · Republican
$2,134,194PAC receipts · 2025–2026
Cosponsor
Bernie Moreno
Senate · OH · Republican
$275,000PAC receipts · 2025–2026
Cosponsor
Pete Ricketts
Senate · NE · Republican
$1,927,397PAC receipts · 2025–2026
5 of 5 source cosponsor records retrieved; only current officials and unwithdrawn sponsorships appear.
PAC donors to the listed sponsors
These are all-cycle contributions to the listed sponsors’ and cosponsors’ campaigns. FEC does not attribute them to this bill. A donation plus sponsorship does not establish why a politician acted.
COMMON SENSE FOR AMERICA PAC$40,000
Bill Hagerty · Sponsor · $10,000
Cynthia M. Lummis · Cosponsor · $10,000
Dan Sullivan · Cosponsor · $10,000
Pete Ricketts · Cosponsor · $10,000
Official PAC recordERNST & YOUNG POLITICAL ACTION COMMITTEE$40,000
Bill Hagerty · Sponsor · $10,000
Cynthia M. Lummis · Cosponsor · $5,000
Tim Scott · Cosponsor · $5,000
Dan Sullivan · Cosponsor · $10,000
Pete Ricketts · Cosponsor · $10,000
Official PAC recordFREEDOM FUND$40,000
Bill Hagerty · Sponsor · $10,000
Cynthia M. Lummis · Cosponsor · $10,000
Dan Sullivan · Cosponsor · $10,000
Pete Ricketts · Cosponsor · $10,000
Official PAC recordMORTGAGE BANKERS ASSOCIATION POLITICAL ACTION COMMITTEE (MORPAC)$36,750
Bill Hagerty · Sponsor · $21,750
Cynthia M. Lummis · Cosponsor · $5,000
Pete Ricketts · Cosponsor · $10,000
Official PAC recordALABAMA FIRST PAC$35,000
Bill Hagerty · Sponsor · $10,000
Cynthia M. Lummis · Cosponsor · $5,000
Dan Sullivan · Cosponsor · $10,000
Pete Ricketts · Cosponsor · $10,000
Official PAC recordARKANSAS FOR LEADERSHIP POLITICAL ACTION COMMITTEE (ARKPAC)$35,000
Bill Hagerty · Sponsor · $10,000
Cynthia M. Lummis · Cosponsor · $5,000
Dan Sullivan · Cosponsor · $10,000
Pete Ricketts · Cosponsor · $10,000
Official PAC recordBEST AT BRINGING ENTREPRENEURIAL RESULTS NEVER IMAGINED OR ENVISIONED PAC$35,000
Bill Hagerty · Sponsor · $10,000
Cynthia M. Lummis · Cosponsor · $5,000
Dan Sullivan · Cosponsor · $10,000
Pete Ricketts · Cosponsor · $10,000
Official PAC recordBUILDING UP DEMOCRACY'S DREAM$35,000
Bill Hagerty · Sponsor · $10,000
Cynthia M. Lummis · Cosponsor · $5,000
Dan Sullivan · Cosponsor · $10,000
Pete Ricketts · Cosponsor · $10,000
Official PAC recordJOBS OPPORTUNITY NOW POLITICAL ACTION COMMITTEE$35,000
Bill Hagerty · Sponsor · $10,000
Cynthia M. Lummis · Cosponsor · $5,000
Dan Sullivan · Cosponsor · $10,000
Pete Ricketts · Cosponsor · $10,000
Official PAC recordJOBS, FREEDOM, AND SECURITY PAC$35,000
Bill Hagerty · Sponsor · $10,000
Cynthia M. Lummis · Cosponsor · $5,000
Dan Sullivan · Cosponsor · $10,000
Pete Ricketts · Cosponsor · $10,000
Official PAC recordLETS GET TO WORK PAC$35,000
Bill Hagerty · Sponsor · $10,000
Cynthia M. Lummis · Cosponsor · $5,000
Dan Sullivan · Cosponsor · $10,000
Pete Ricketts · Cosponsor · $10,000
Official PAC recordNEBRASKA SANDHILLS PAC$35,000
Bill Hagerty · Sponsor · $10,000
Cynthia M. Lummis · Cosponsor · $5,000
Dan Sullivan · Cosponsor · $10,000
Pete Ricketts · Cosponsor · $10,000
Official PAC recordOORAH! POLITICAL ACTION COMMITTEE$35,000
Bill Hagerty · Sponsor · $10,000
Cynthia M. Lummis · Cosponsor · $5,000
Dan Sullivan · Cosponsor · $10,000
Pete Ricketts · Cosponsor · $10,000
Official PAC recordTOMORROW IS MEANINGFUL PAC$35,000
Bill Hagerty · Sponsor · $10,000
Cynthia M. Lummis · Cosponsor · $5,000
Dan Sullivan · Cosponsor · $10,000
Pete Ricketts · Cosponsor · $10,000
Official PAC recordUNION PACIFIC CORP. FUND FOR EFFECTIVE GOVERNMENT$35,000
Bill Hagerty · Sponsor · $10,000
Cynthia M. Lummis · Cosponsor · $5,000
Dan Sullivan · Cosponsor · $10,000
Pete Ricketts · Cosponsor · $10,000
Official PAC recordDELOITTE POLITICAL ACTION COMMITTEE$34,000
Bill Hagerty · Sponsor · $10,000
Cynthia M. Lummis · Cosponsor · $5,000
Dan Sullivan · Cosponsor · $10,000
Pete Ricketts · Cosponsor · $9,000
Official PAC recordNATIONAL STONE, SAND & GRAVEL ASSOCIATION ROCKPAC$32,500
Bill Hagerty · Sponsor · $10,000
Cynthia M. Lummis · Cosponsor · $2,500
Dan Sullivan · Cosponsor · $10,000
Pete Ricketts · Cosponsor · $10,000
Official PAC recordJPMORGAN CHASE & CO. FEDERAL POLITICAL ACTION COMMITTEE$32,000
Bill Hagerty · Sponsor · $7,500
Cynthia M. Lummis · Cosponsor · $5,000
Dan Sullivan · Cosponsor · $10,000
Pete Ricketts · Cosponsor · $9,500
Official PAC recordAMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS POLITICAL ACTION COMMITTEE$31,675
Bill Hagerty · Sponsor · $10,000
Cynthia M. Lummis · Cosponsor · $4,175
Dan Sullivan · Cosponsor · $7,500
Pete Ricketts · Cosponsor · $10,000
Official PAC recordAMERICAN BANKERS ASSOCIATION PAC (BANKPAC)$30,000
Bill Hagerty · Sponsor · $10,000
Dan Sullivan · Cosponsor · $10,000
Pete Ricketts · Cosponsor · $10,000
Official PAC recordCHEVRON EMPLOYEES POLITICAL ACTION COMMITTEE - CHEVRON CORPORATION$30,000
Bill Hagerty · Sponsor · $5,000
Cynthia M. Lummis · Cosponsor · $5,000
Dan Sullivan · Cosponsor · $10,000
Pete Ricketts · Cosponsor · $10,000
Official PAC recordDELTA AIR LINES PAC$30,000
Bill Hagerty · Sponsor · $10,000
Cynthia M. Lummis · Cosponsor · $0
Tim Scott · Cosponsor · $2,500
Dan Sullivan · Cosponsor · $7,500
Pete Ricketts · Cosponsor · $10,000
Official PAC recordDENALI LEADERSHIP PAC$30,000
Bill Hagerty · Sponsor · $5,000
Cynthia M. Lummis · Cosponsor · $5,000
Dan Sullivan · Cosponsor · $10,000
Pete Ricketts · Cosponsor · $10,000
Official PAC recordEMPLOYEES OF NORTHROP GRUMMAN CORPORATION PAC$30,000
Bill Hagerty · Sponsor · $5,000
Cynthia M. Lummis · Cosponsor · $5,000
Dan Sullivan · Cosponsor · $10,000
Pete Ricketts · Cosponsor · $10,000
Official PAC recordGENERAL DYNAMICS CORPORATION POLITICAL ACTION COMMITTEE (GENERAL DYNAMICS EMPLOYEE PAC)$30,000
Bill Hagerty · Sponsor · $10,000
Dan Sullivan · Cosponsor · $10,000
Pete Ricketts · Cosponsor · $10,000
Official PAC recordUNITED PARCEL SERVICE, INC. PAC (UPSPAC)$29,000
Bill Hagerty · Sponsor · $5,000
Cynthia M. Lummis · Cosponsor · $4,000
Dan Sullivan · Cosponsor · $10,000
Pete Ricketts · Cosponsor · $10,000
Official PAC recordWALMART INC. PAC FOR RESPONSIBLE GOVERNMENT$29,000
Bill Hagerty · Sponsor · $10,000
Cynthia M. Lummis · Cosponsor · $1,500
Dan Sullivan · Cosponsor · $10,000
Pete Ricketts · Cosponsor · $7,500
Official PAC recordGENERAL MOTORS COMPANY POLITICAL ACTION COMMITTEE (GM PAC)$28,500
Bill Hagerty · Sponsor · $10,000
Dan Sullivan · Cosponsor · $8,500
Pete Ricketts · Cosponsor · $10,000
Official PAC recordKOCH, INC. POLITICAL ACTION COMMITTEE (KOCHPAC)$28,500
Bill Hagerty · Sponsor · $8,500
Cynthia M. Lummis · Cosponsor · $5,000
Dan Sullivan · Cosponsor · $10,000
Pete Ricketts · Cosponsor · $5,000
Official PAC recordGOOGLE LLC NETPAC$28,000
Bill Hagerty · Sponsor · $7,500
Cynthia M. Lummis · Cosponsor · $1,500
Dan Sullivan · Cosponsor · $9,000
Pete Ricketts · Cosponsor · $10,000
Official PAC recordNATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION AMERICA'S ELECTRIC COOPERATIVES PAC$28,000
Bill Hagerty · Sponsor · $7,000
Cynthia M. Lummis · Cosponsor · $4,000
Dan Sullivan · Cosponsor · $10,000
Pete Ricketts · Cosponsor · $7,000
Official PAC recordIN THE ARENA PAC$27,500
Bill Hagerty · Sponsor · $7,500
Tim Scott · Cosponsor · $5,000
Dan Sullivan · Cosponsor · $5,000
Bernie Moreno · Cosponsor · $5,000
Pete Ricketts · Cosponsor · $5,000
Official PAC recordNCTA - THE INTERNET & TELEVISION ASSOCIATION POLITICAL ACTION COMMITTEE (NCTAPAC)$27,500
Bill Hagerty · Sponsor · $2,500
Cynthia M. Lummis · Cosponsor · $5,000
Dan Sullivan · Cosponsor · $10,000
Pete Ricketts · Cosponsor · $10,000
Official PAC recordPRICEWATERHOUSECOOPERS POLITICAL ACTION COMMITTEE I$27,500
Bill Hagerty · Sponsor · $5,000
Cynthia M. Lummis · Cosponsor · $5,000
Dan Sullivan · Cosponsor · $10,000
Pete Ricketts · Cosponsor · $7,500
Official PAC recordINDEPENDENT INSURANCE AGENTS & BROKERS OF AMERICA, INC. POLITICAL ACTION COMMITTEE (INSURPAC)$26,500
Bill Hagerty · Sponsor · $5,000
Cynthia M. Lummis · Cosponsor · $5,000
Dan Sullivan · Cosponsor · $6,500
Pete Ricketts · Cosponsor · $10,000
Official PAC recordCHARTER COMMUNICATIONS INC. POLITICAL ACTION COMMITTEE$26,000
Bill Hagerty · Sponsor · $10,000
Cynthia M. Lummis · Cosponsor · $1,000
Dan Sullivan · Cosponsor · $10,000
Pete Ricketts · Cosponsor · $5,000
Official PAC recordTHE GOLDMAN SACHS GROUP, INC. POLITICAL ACTION COMMITTEE$26,000
Bill Hagerty · Sponsor · $2,500
Cynthia M. Lummis · Cosponsor · $2,500
Dan Sullivan · Cosponsor · $7,500
Bernie Moreno · Cosponsor · $5,000
Pete Ricketts · Cosponsor · $8,500
Official PAC recordMANAGED FUNDS ASSOCIATION POLITICAL ACTION COMMITTEE$25,500
Bill Hagerty · Sponsor · $9,000
Cynthia M. Lummis · Cosponsor · $1,500
Bernie Moreno · Cosponsor · $5,000
Pete Ricketts · Cosponsor · $10,000
Official PAC recordCOMCAST CORPORATION & NBCUNIVERSAL POLITICAL ACTION COMMITTEE - FEDERAL$25,000
Bill Hagerty · Sponsor · $5,000
Cynthia M. Lummis · Cosponsor · $5,000
Dan Sullivan · Cosponsor · $10,000
Pete Ricketts · Cosponsor · $5,000
Official PAC recordCOX ENTERPRISES PAC (COXPAC) INC.$25,000
Bill Hagerty · Sponsor · $2,500
Cynthia M. Lummis · Cosponsor · $2,500
Dan Sullivan · Cosponsor · $10,000
Pete Ricketts · Cosponsor · $10,000
Official PAC recordThe largest 40 donor totals appear here. Open each politician for their complete, paginated PAC donor list.
What happened after enactment?
Dated agency-reported implementation and uptake measures are shown with their scope. They do not by themselves establish causal success. If no evidence is listed, the outcome is not established.
Measured outcome: not established
Enactment alone does not show whether a law improved its intended outcome. We need a dated evaluation, observed result or verified implementation record before claiming success or failure.