OCC proposes info collection under GENIUS Act
June 15, 2026 / By ICBA
The OCC proposed a new information collection that would include weekly and quarterly reporting forms for permitted payment stablecoin issuers under the GENIUS Act.
Background: The OCC in March issued a proposed rule that would implement requirements of the GENIUS Act with respect to the issuance of payment stablecoins and certain related activities by entities subject to the OCC’s jurisdiction.
New Proposal: The OCC’s new proposal would require permitted payment stablecoin issuers and foreign payment stablecoin issuers to submit two reports to the OCC:
A weekly confidential reporting form to the OCC for each payment stablecoin the bank issues.
A quarterly reporting form to the OCC.
Comment Deadline: Comments on the forms are due within 60 days of publication in the Federal Register.
More: Numerous GENIUS Act rulemakings are underway. ICBA last month urged the OCC to strengthen its proposed GENIUS Act rules to protect against stablecoin risks, and last week it called on the FDIC to adopt a strict payment stablecoin framework.
Subscribe now
Sign up for the Independent Banker newsletter to receive twice-monthly emails about new issues and must-read content you might have missed.
Sponsored Content
Featured Webinars
Join ICBA Community
Interested in discussing this and other topics? Network with and learn from your peers with the app designed for community bankers.
Subscribe Today
Sign up for Independent Banker eNews to receive twice-monthly emails that alert you when a new issue drops and highlight must-read content you might have missed.
News Watch Today
Join the Conversation with ICBA Community
ICBA Community is an online platform led by community bankers to foster connections, collaborations, and discussions on industry news, best practices, and regulations, while promoting networking, mentorship, and member feedback to guide future initiatives.
Join the Community Example Text
