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View ICR - Agency Submission
COMMENT
Time Remaining
Days
HR
Min
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OMB Control No:
ICR Reference No:
202604-1557-002
Status:
Received in OIRA
Previous ICR Reference No:
Agency/Subagency:
TREAS/OCC
Agency Tracking No:
Title:
Reporting, Recordkeeping, and Disclosure Requirements Associated with the GENIUS Act for the Issuance of Stablecoins by Entities Subject to the Jurisdiction of the OCC
Type of Information Collection:
New collection (Request for a new OMB Control Number)
Common Form ICR:
No
Type of Review Request:
Regular
Date Submitted to OIRA:
05/06/2026
Requested
Previously Approved
Expiration Date
36 Months From Approved
Responses
5,757
0
Time Burden (Hours)
61,574
0
Cost Burden (Dollars)
0
0
Abstract:
This supporting statement is being filed in connection with a notice of proposed rulemaking that proposes to issue regulations to implement the Guiding and Establishing National Innovation for U.S. Stablecoins Act (12 U.S.C. 5901 et seq.) (GENIUS Act or the Act) regarding the issuance of payment stablecoins and certain related activities by entities subject to the OCC’s jurisdiction. The GENIUS Act was enacted on July 18, 2025. The Act establishes a regulatory framework for payment stablecoin activities. The Act generally prohibits any person other than a permitted payment stablecoin issuer from issuing a payment stablecoin in the United States. It further prohibits digital asset service providers from offering or selling a payment stablecoin to a person in the United States unless the issuer is a permitted payment stablecoin issuer or the issuer is a foreign payment stablecoin issuer that meets certain requirements. The Act sets forth various regulatory and licensing requirements for permitted payment stablecoin issuers and foreign payment stablecoin issuers.
Authorizing Statute(s):
US Code:
12 USC 5901 et seq.
Name of Law: Guiding and Establishing National Innovation for U.S. Stablecoins
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
1557-AF41
Proposed rulemaking
91 FR 10202
03/02/2026
Federal Register Notices & Comments
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
126
IC Title
Form No.
Form Name
Section 15.10(c)(4)(iii): Initial Set-up Reporting
Section 15.10(c)(4)(iii): Ongoing Compliance Reporting
Section 15.10(c)(5)(iii)(B): Initial Set-up Reporting
Section 15.10(c)(5)(iii)(B): Ongoing Compliance Reporting
Section 15.11(a)(1): Initial Set-up Recordkeeping
Section 15.11(a)(1): Ongoing Compliance Recordkeeping
Section 15.11(a)(2): Initial Set-up Reporting
Section 15.11(a)(2): Ongoing Compliance Reporting
Section 15.11(e) Table 1: Initial Set-up Disclosure
Section 15.11(e) Table 1: Ongoing Compliance Disclosure
Section 15.11(e): Initial Set-up Disclosure
Section 15.11(e): Ongoing Compliance Disclosure
Section 15.11(f)(1): Initial Set-up Recordkeeping
Section 15.11(f)(1): Ongoing Compliance Recordkeeping
Section 15.11(f)(2): Initial Set-up Recordkeeping
Section 15.11(f)(2): Ongoing Compliance Recordkeeping
Section 15.11(g)(1): Initial Set-up Reporting
Section 15.11(g)(1): Ongoing Compliance Reporting
Section 15.11(g)(4): Initial Set-up Reporting
Section 15.11(g)(4): Ongoing Compliance Reporting
Section 15.12(a): Initial Set-up Disclosure
Section 15.12(a): Ongoing Compliance Disclosure
Section 15.12(b): Initial Set-up Recordkeeping
Section 15.12(b): Ongoing Compliance Recordkeeping
Section 15.12(c)(4): Initial Set-up Reporting
Section 15.12(c)(4): Ongoing Compliance Reporting
Section 15.12(d): Initial Set-up Disclosure
Section 15.12(d): Ongoing Compliance Disclosure
Section 15.13(a)(1): Initial Set-up Recordkeeping
Section 15.13(a)(1): Ongoing Compliance Recordkeeping
Section 15.13(a)(2): Initial Set-up Recordkeeping
Section 15.13(a)(2): Ongoing Compliance Recordkeeping
Section 15.13(a)(3): Initial Set-up Reporting
Section 15.13(a)(3): Ongoing Compliance Reporting
Section 15.13(a)(5): Initial Set-up Recordkeeping
Section 15.13(a)(5): Ongoing Compliance Recordkeeping
Section 15.13(a)(6)(i)(C): Initial Set-up Recordkeeping
Section 15.13(a)(6)(i)(C): Ongoing Compliance Recordkeeping
Section 15.13(b)(1), (2), (3), (4), (6), and (8): Initial Set-up Recordkeeping
Section 15.13(b)(1), (2), (3), (4), (6), and (8): Ongoing Compliance Recordkeeping
Section 15.13(b)(5): Initial Set-up Recordkeeping
Section 15.13(b)(5): Ongoing Compliance Recordkeeping
Section 15.13(b)(7)(i): Initial Set-up Reporting
Section 15.13(b)(7)(i): Ongoing Compliance Reporting
Section 15.13(b)(7)(ii): Initial Set-up Reporting
Section 15.13(b)(7)(ii): Ongoing Compliance Reporting
Section 15.14(f): Initial Set-up Recordkeeping
Section 15.14(f): Ongoing Compliance Recordkeeping
Section 15.14(g): Initial Set-up Recordkeeping
Section 15.14(g): Ongoing Compliance Recordkeeping
Section 15.14(h): Initial Set-up Reporting
Section 15.14(h): Ongoing Compliance Reporting
Section 15.14(i): Initial Set-up Reporting
Section 15.14(i): Ongoing Compliance Reporting
Section 15.14(j): Initial Set-up Reporting
Section 15.14(j): Ongoing Compliance Reporting
Section 15.14(k): Initial Set-up Reporting
Section 15.14(k): Ongoing Compliance Reporting
Section 15.14(l)(1): Initial Set-up Recordkeeping
Section 15.14(l)(1): Ongoing Compliance Recordkeeping
Section 15.14(l)(2)(i): Initial Set-up Disclosure
Section 15.14(l)(2)(i): Ongoing Compliance Disclosure
Section 15.14(l)(2)(ii): Initial Set-up Reporting
Section 15.14(l)(2)(ii): Ongoing Compliance Reporting
Section 15.14(l)(2)(iii): Initial Set-up Reporting
Section 15.14(l)(2)(iii): Ongoing Compliance Reporting
Section 15.14(l): Initial Set-up Disclosure
Section 15.14(l): Initial Set-up Recordkeeping
Section 15.14(l): Ongoing Compliance Disclosure
Section 15.14(l): Ongoing Compliance Recordkeeping
Section 15.14(m): Initial Set-up Reporting
Section 15.14(m): Ongoing Compliance Reporting
Section 15.15(b)(1)(i)-(ii): Initial Set-up Recordkeeping
Section 15.15(b)(1)(i)-(ii): Ongoing Compliance Recordkeeping
Section 15.15(b)(2): Initial Set-up Reporting
Section 15.15(b)(2): Ongoing Compliance Reporting
Section 15.15(b)(3): Initial Set-up Reporting
Section 15.15(b)(3): Ongoing Compliance Reporting
Section 15.15(b)(4)(ii): Initial Set-up Recordkeeping
Section 15.15(b)(4)(ii): Ongoing Compliance Recordkeeping
Section 15.15(b)(4): Initial Set-up Reporting
Section 15.15(b)(4): Ongoing Compliance Reporting
Section 15.15(d)(1): Initial Set-up Reporting
Section 15.15(d)(1): Ongoing Compliance Reporting
Section 15.21(b)(1): Initial Set-up Recordkeeping
Section 15.21(b)(1): Ongoing Compliance Recordkeeping
Section 15.30(a)(1): Initial Set-up Reporting
Section 15.30(a)(1): Ongoing Compliance Reporting
Section 15.30(a)(2): Initial Set-up Reporting
Section 15.30(a)(2): Ongoing Compliance Reporting
Section 15.30(e)(1): Initial Set-up Reporting
Section 15.30(e)(1): Ongoing Compliance Reporting
Section 15.30(f)(1): Initial Set-up Reporting
Section 15.30(f)(1): Ongoing Compliance Reporting
Section 15.30(f)(2): Initial Set-up Reporting
Section 15.30(f)(2): Ongoing Compliance Reporting
Section 15.31(b)(2): Initial Set-up Reporting
Section 15.31(b)(2): Ongoing Compliance Reporting
Section 15.31(c)(4): Initial Set-up Reporting
Section 15.31(c)(4): Ongoing Compliance Reporting
Section 15.32(a): Initial Set-up Reporting
Section 15.32(a): Ongoing Compliance Reporting
Section 15.32(b): Initial Set-up Reporting
Section 15.32(b): Ongoing Compliance Reporting
Section 15.32(d)(1) and (2): Initial Set-up Disclosure
Section 15.32(d)(1) and (2): Ongoing Compliance Disclosure
Section 15.32(d)(3) Table 1: Initial Set-up Reporting
Section 15.32(d)(3) Table 1: Ongoing Compliance Reporting
Section 15.32(d)(3)(i): Initial Set-up Reporting
Section 15.32(d)(3)(i): Ongoing Compliance Reporting
Section 15.32(d)(3)(ii): Initial Set-up Reporting
Section 15.32(d)(3)(ii): Ongoing Compliance Reporting
Section 15.32(f): Initial Set-up Reporting
Section 15.32(f): Ongoing Compliance Reporting
Section 15.40(b)(1)(iii): Initial Set-up Reporting
Section 15.40(b)(1)(iii): Ongoing Compliance Reporting
Section 15.40(c)(1)(v)(A): Initial Set-up Reporting
Section 15.40(c)(1)(v)(A): Ongoing Compliance Reporting
Section 15.40(c)(1)(vi): Initial Set-up Reporting
Section 15.40(c)(1)(vi): Ongoing Compliance Reporting
Section 15.41(d)(2): Initial Set-up Reporting
Section 15.41(d)(2): Ongoing Compliance Reporting
Section 15.42(c)(2)(i): Initial Set-up Reporting
Section 15.42(c)(2)(i): Ongoing Compliance Reporting
Section 15.42(c)(4): Initial Set-up Reporting
Section 15.42(c)(4): Ongoing Compliance Reporting
ICR Summary of Burden
Total Request
Previously Approved
Change Due to New Statute
Change Due to Agency Discretion
Change Due to Adjustment in Estimate
Change Due to Potential Violation of the PRA
Annual Number of Responses
5,757
0
0
5,757
0
0
Annual Time Burden (Hours)
61,574
0
0
61,574
0
0
Annual Cost Burden (Dollars)
0
0
0
0
0
0
Burden increases because of Program Change due to Agency Discretion:
Yes
Burden Increase Due to:
Miscellaneous Actions
Burden decreases because of Program Change due to Agency Discretion:
No
Burden Reduction Due to:
Short Statement:
This is the first time this data is being collected. There are no program changes or adjustments made to the information collection request at the time of submission.
Annual Cost to Federal Government:
Does this IC contain surveys, censuses, or employ statistical methods?
No
Does this ICR request any personally identifiable information (see
OMB Circular No. A-130
for an explanation of this term)? Please consult with your agency's privacy program when making this determination.
No
Does this ICR include a form that requires a Privacy Act Statement (see
5 U.S.C. §552a(e)(3)
)? Please consult with your agency's privacy program when making this determination.
No
Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]?
No
Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]?
No
Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)?
No
Is this ICR related to the Pandemic Response?
No
Agency Contact:
Mark O'Horo 202 649-7821 mark.o'horo@occ.treas.gov
Common Form ICR:
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(a) It is necessary for the proper performance of agency functions;
(b) It avoids unnecessary duplication;
(c) It reduces burden on small entities;
(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
(f) It indicates the retention periods for recordkeeping requirements;
(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
(i) It uses effective and efficient statistical survey methodology (if applicable); and
(j) It makes appropriate use of information technology.
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Certification Date:
05/06/2026
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