A bill to establish reporting requirements for issuers of fiat currency-backed stablecoins, and for other purposes.
The bill’s titles are written by its sponsor.
Sponsor and status
Sponsor. Junior Senator for Tennessee. Republican.
Last Updated: Mar 31, 2022
Length: 3 pages
117th Congress (2021–2023)
This bill was introduced on March 31, 2022, in a previous session of Congress, but it did not receive a vote.
Although this bill was not enacted, its provisions could have become law by being included in another bill. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills).
Mar 31, 2022
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.
May 10, 2022
Considered by Senate Committee on Banking, Housing, and Urban Affairs
A committee held a hearing or business meeting about the bill.
S. 3970 (117th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Bills numbers restart every two years. That means there are other bills with the number S. 3970. This is the one from the 117th Congress.
This bill was introduced in the 117th Congress, which met from Jan 3, 2021 to Jan 3, 2023. Legislation not passed by the end of a Congress is cleared from the books.
How to cite this information.
We recommend the following MLA-formatted citation when using the information you see here in academic work:
GovTrack.us. (2023). S. 3970 — 117th Congress: Stablecoin Transparency Act. Retrieved from https://www.govtrack.us/congress/bills/117/s3970
“S. 3970 — 117th Congress: Stablecoin Transparency Act.” www.GovTrack.us. 2022. June 2, 2023 <https://www.govtrack.us/congress/bills/117/s3970>
Stablecoin Transparency Act, S. 3970, 117th Cong. (2022).
|title=S. 3970 (117th)
|accessdate=June 2, 2023
|author=117th Congress (2022)
|date=March 31, 2022
|quote=Stablecoin Transparency Act
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Where is this information from?
GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.