What does Modern Action include in the message about H.R. 2392?

The draft includes the bill number, your position, the reasons you selected, any personal context you add, and a direct ask such as voting yes, voting no, cosponsoring, opposing, or seeking changes.

Contact Congress about H.R. 2392: STABLE Act of 2025 Stablecoin Transparency and Accountability for a Better Ledger Economy Act of 2025

Q: How do I support or oppose H.R. 2392?

Choose support, opposition, or changes. Modern Action uses that stance, the bill context, and any reasons you choose to draft a message you can edit and send.

Q: Who should I contact about H.R. 2392?

Modern Action routes the drafted message to your House representative when that is the relevant target for this bill, using your address to confirm constituent status.

Only federally licensed companies could issue U.S. dollar stablecoins, and every coin must be backed one-to-one by safe assets like cash or short-term Treasuries. Monthly audited reserve reports would be required, and issuers must run anti-money laundering programs. Stablecoins would not be government-insured, but holders get first claim on reserves if the issuer fails.

Modern Action explains legislation in plain English, helps you choose whether to support, oppose, or ask for changes, and drafts a message tied to the bill, your stance, and the elected officials who can act on it.

STABLE Act of 2025 Stablecoin Transparency and Accountability for a Better Ledger Economy Act of 2025 is a House bill waiting for floor action. The latest recorded action: Placed on the Union Calendar, Calendar No. 68.

Latest action on H.R. 2392: Placed on the Union Calendar, Calendar No. 68.

Who this affects: This bill most directly affects companies that issue stablecoins, the platforms that hold or trade them, and everyday users who hold or send stablecoins. Banks and credit unions can keep doing what they do now and gain a clear path to issue stablecoins through subsidiaries. Unregulated stablecoin issuers would need to get licensed or shut down.

Why this matters: Stablecoins have grown into a major part of the digital payment system, but until now there has been no consistent federal law governing who can issue them or how safe their backing has to be. A badly run stablecoin — like the TerraUSD collapse in 2022 — can lose its dollar peg instantly and wipe out holders' savings. This bill tries to prevent that by requiring full, safe backing and regular, audited disclosures. It also defines stablecoins' place in the broader financial system: they are payment tools, not investments or government-backed instruments.

Key provisions in H.R. 2392

Only 'permitted payment stablecoin issuers' — certain bank or credit union subsidiaries, OCC-approved nonbank companies, and state-qualified issuers — may legally issue U.S. payment stablecoins.
Starting 18 months after enactment, custodial platforms may only offer or sell stablecoins from approved issuers, with a limited exception for coins from foreign regimes that the Treasury finds comparable.
Issuers must back every stablecoin one-to-one with safe assets — cash, certain bank deposits, very short-term Treasuries, qualified repurchase agreements, or narrow money market funds — and cannot reuse those reserves, with limited exceptions.
Issuers must publish monthly public reports on reserve composition, have them reviewed by a registered independent accounting firm, and have the CEO and CFO certify accuracy. Knowingly false statements carry criminal penalties.
Federal regulators must jointly set tailored capital, liquidity, risk management, IT, and cybersecurity standards for stablecoin issuers within 180 days of enactment.

How Modern Action helps you take action on H.R. 2392

You do not have to start with a blank letter. Modern Action turns the bill, your position, and the relevant congressional context into a message you can edit and send. The goal is to make contacting Congress clear, specific, and useful without forcing you to parse bill text or figure out the right office on your own.

Questions people ask about H.R. 2392

What is H.R. 2392?: Only federally licensed companies could issue U.S. dollar stablecoins, and every coin must be backed one-to-one by safe assets like cash or short-term Treasuries. Monthly audited reserve reports would be required, and issuers must run anti-money laundering programs. Stablecoins would not be government-insured, but holders get first claim on reserves if the issuer fails.
How do I support or oppose H.R. 2392?: Choose support, oppose, or ask for changes on Modern Action. The action flow drafts the message for you and keeps the wording tied to this bill.
Who should I contact about H.R. 2392?: Modern Action uses your location to route the action to the congressional offices relevant to the bill and your representation.
Can Modern Action explain H.R. 2392 before I act?: Yes. Modern Action gives you a plain-English summary, current status, and action context before you send anything.

Contact Congress about H.R. 2392: STABLE Act of 2025 Stablecoin Transparency and Accountability for a Better Ledger Economy Act of 2025

Latest action on H.R. 2392: Placed on the Union Calendar, Calendar No. 68.

Key provisions in H.R. 2392

Only 'permitted payment stablecoin issuers' — certain bank or credit union subsidiaries, OCC-approved nonbank companies, and state-qualified issuers — may legally issue U.S. payment stablecoins.

Starting 18 months after enactment, custodial platforms may only offer or sell stablecoins from approved issuers, with a limited exception for coins from foreign regimes that the Treasury finds comparable.

Issuers must back every stablecoin one-to-one with safe assets — cash, certain bank deposits, very short-term Treasuries, qualified repurchase agreements, or narrow money market funds — and cannot reuse those reserves, with limited exceptions.

Issuers must publish monthly public reports on reserve composition, have them reviewed by a registered independent accounting firm, and have the CEO and CFO certify accuracy. Knowingly false statements carry criminal penalties.

Federal regulators must jointly set tailored capital, liquidity, risk management, IT, and cybersecurity standards for stablecoin issuers within 180 days of enactment.

How Modern Action helps you take action on H.R. 2392

Questions people ask about H.R. 2392

What is H.R. 2392?

How do I support or oppose H.R. 2392?

Choose support, oppose, or ask for changes on Modern Action. The action flow drafts the message for you and keeps the wording tied to this bill.

Who should I contact about H.R. 2392?

Modern Action uses your location to route the action to the congressional offices relevant to the bill and your representation.

Can Modern Action explain H.R. 2392 before I act?

Yes. Modern Action gives you a plain-English summary, current status, and action context before you send anything.