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H.R. 7328 117th Congress House

Stablecoin Transparency Act

Official title: To establish reporting requirements for issuers of fiat currency-backed stablecoins, and for other purposes.

Introduced: March 31, 2022 See on congress.gov
Finance and Financial Sector Bank accounts, deposits, capitalBusiness recordsCurrencyDigital media
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Financial services and investmentsSecurities
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 31, 2022
Referred to the House Committee on Financial Services.
Mar 31, 2022
Introduced in House
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 Latest action March 31, 2022

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Stablecoin Transparency Act

This bill requires a stablecoin issuer to hold all reserves associated with each fiat currency-backed stablecoin they issue in (1) certain government securities; (2) fully collateralized security repurchase agreements, and (3) U.S. dollars or other nondigital currency. A fiat currency-backed stablecoin is a digital asset backed by a nondigital currency and is redeemable on a one-to-one basis in that currency.

Each stablecoin issuer must publish monthly on their website a report on the reserves held by the issuer that has been audited by a third party.

 Related & companion bills 2
  • S 3970 Stablecoin Transparency Act
  • HR 8498 To establish reporting requirements for persons who issue fiat currency-backed stablecoins, and for other purposes.
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 7328: Stablecoin Transparency Act. 117th Congress. Open America. https://openamerica.io/bill/117-HR-7328/
MLA
"H.R. 7328: Stablecoin Transparency Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-7328/.
Bluebook (legal)
H.R. 7328, 117th Cong. (2026), https://openamerica.io/bill/117-HR-7328/.
Markdown link
[H.R. 7328: Stablecoin Transparency Act](https://openamerica.io/bill/117-HR-7328/)
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