Bill Summary

HB 175 Payment Stablecoin (2026 Session)
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Sponsors
by Barnaby, Giallombardo Co Sponsors: Fabricio CS Sponsors: Insurance & Banking Subcommittee
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Summary
Payment Stablecoin: Revises definition of term "money services business" to include qualified payment stablecoin issuer; prohibits persons from engaging in activity of qualified payment stablecoin issuer without registering & receiving specified notification; provides that certain money services businesses are exempt from registration requirements; specifies that certain payment stablecoins are not security & are not subject to certain requirements; specifies that certain transactions are not regulated under certain provisions; requires qualified payment stablecoin issuers with consolidated total outstanding payment stablecoin issuance that reaches specified threshold to comply with certain requirements; specifies that OFR remains solely responsible for supervising qualified payment stablecoin issuers or is jointly responsible with Office of Comptroller of Currency for such supervision; specifies that qualified payment stablecoin issuers may engage only in certain activities. Effective Date: January 1, 2027
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committees of reference
» H Insurance & Banking Subcommittee
   H Commerce Committee
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Actions
10/15/25
HOUSE 
Filed
10/21/25
HOUSE 
Referred to Insurance & Banking Subcommittee; Commerce Committee
10/21/25
HOUSE 
Now in Insurance & Banking Subcommittee
02/09/26
HOUSE 
On Committee agenda - Insurance & Banking Subcommittee, 02/11/26, 9:00 am, 17 H - PCS
02/11/26
HOUSE 
Favorable with CS by Insurance & Banking Subcommittee; 17 Yeas, 0 Nays
02/13/26
HOUSE 
Committee Substitute Text (C1) Filed
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bill text & filed amendments
0175
Filed on 10/15/25
PDF
Amendment 1000 PCS
Insurance & Banking Sub
Filed on 02/09/26
Adopted
PDF
0175C1
Filed on 02/13/26
PDF
No amendments to this bill text filed.
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Statute Citations
560.103
560.114
560.123
560.125
560.501
560.502
560.503
560.504
560.505
560.506
658.997
Research & Reports
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