§5913. Rulemaking — Inbound Citations

Citations to 12 U.S.C. § 5913 as a whole

• 12 U.S.C. § 5902(d)

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  (d) Consistent with section 5913 of this title, the Secretary of the Treasury shall issue regulations to implement this section, including regulations to define terms.
• 12 U.S.C. § 5903(a)(4)(A)

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  (A) The primary Federal payment stablecoin regulators shall, or in the case of a State qualified payment stablecoin issuer, the State payment stablecoin regulator shall, consistent with section 5913 of this title, issue regulations implementing—

  (i) capital requirements applicable to permitted payment stablecoin issuers that—

  (I) are tailored to the business model and risk profile of permitted payment stablecoin issuers;

  (II) do not exceed requirements that are sufficient to ensure the ongoing operations of permitted payment stablecoin issuers; and

  (III) in the case of the primary Federal payment stablecoin regulators, if the primary Federal payment stablecoin regulators determine that a capital buffer is necessary to ensure the ongoing operations of permitted payment stablecoin issuers, may include capital buffers that are tailored to the business model and risk profile of permitted payment stablecoin issuers;

  (ii) the liquidity standard under paragraph (1)(A);

  (iii) reserve asset diversification, including deposit concentration at banking institutions, and interest rate risk management standards applicable to permitted payment stablecoin issuers that—

  (I) are tailored to the business model and risk profile of permitted payment stablecoin issuers; and

  (II) do not exceed standards that are sufficient to ensure the ongoing operations of permitted payment stablecoin issuers; and

  (iv) appropriate operational, compliance, and information technology risk management principles-based requirements and standards, including Bank Secrecy Act and sanctions compliance standards, that—

  (I) are tailored to the business model and risk profile of permitted payment stablecoin issuers; and

  (II) are consistent with applicable law.
• 12 U.S.C. § 5903(a)(4)(C)(iv)

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  (iv) Not later than the earlier of the rulemaking deadline under section 5913 of this title or the date on which the Federal payment stablecoin regulators issue regulations to carry out this section, each appropriate Federal banking agency shall amend or otherwise modify any regulation of the appropriate Federal banking agency described in clause (iii) so that such regulation, as amended or otherwise modified, complies with clause (iii) of this subparagraph.
• 12 U.S.C. § 5903(h)(1)

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  (1) Consistent with section 5913 of this title, the primary Federal payment stablecoin regulators shall, and State payment stablecoin regulators may, issue such regulations relating to permitted payment stablecoin issuers as may be necessary to establish a payment stablecoin regulatory framework necessary to administer and carry out the requirements of this section, including to establish conditions, and to prevent evasion thereof.
• 12 U.S.C. § 5904(a)(2)

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  (2) The primary Federal payment stablecoin regulators shall, before the date described in section 5913 of this title—

  (A) issue regulations consistent with that section to carry out this section; and

  (B) pursuant to the regulations described in subparagraph (A), accept and process applications described in paragraph (1).
• 12 U.S.C. § 5904(g)

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  (g) Consistent with section 5913 of this title, the primary Federal payment stablecoin regulators shall issue rules necessary for the regulation of the issuance of payment stablecoins, but may not impose requirements in addition to the requirements specified under section 5903 of this title.
• 12 U.S.C. § 5906(e)(1)(B)

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  (B) Consistent with section 5913 of this title, the Board shall issue rules to set forth the unusual and exigent circumstances in which the Board may act under this paragraph.
• 12 U.S.C. § 5906(e)(2)(B)

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  (B) Consistent with section 5913 of this title, the Comptroller shall issue rules to set forth the unusual and exigent circumstances in which the Comptroller may act under this paragraph.
• 12 U.S.C. § 5907(b)(3)(B)

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  (B) Consistent with section 5913 of this title, the Secretary of the Treasury shall specify the criteria that a noncompliant foreign issuer must meet for the Secretary of the Treasury to determine that the foreign payment stablecoin issuer is no longer noncompliant.
• 12 U.S.C. § 5916(c)(1)(E)

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  (E) Pursuant to section 5913 of this title, the Comptroller shall issue rules relating to the standards for approval of registration requests and the process for appealing denials of such registration requests.