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View ICR - Agency Submission
COMMENT
Time Remaining
Days
HR
Min
Sec
OMB Control No:
ICR Reference No:
202609-1505-001
Status:
Received in OIRA
Previous ICR Reference No:
Agency/Subagency:
TREAS/DO
Agency Tracking No:
Title:
Forms for Review of State Certifications by the Stablecoin Certification Review Committee
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:
09/30/2026
Requested
Previously Approved
Expiration Date
36 Months From Approved
Responses
112
0
Time Burden (Hours)
29,120
0
Cost Burden (Dollars)
0
0
Abstract:
The Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act or Act), which was enacted on July 18, 2025, provides a comprehensive regulatory framework for issuers of “payment stablecoins.” Under section 3(a) of the GENIUS Act (12 U.S.C. 5902(a)), only permitted payment stablecoin issuers may issue a payment stablecoin in the United States, subject to certain exceptions and safe harbors. Under section 4(c) of the GENIUS Act (12 U.S.C. 5903(c)), State-qualified payment stablecoin issuers with a consolidated total outstanding issuance of payment stablecoins of not more than $10 billion may opt for State regulation provided that (i) the State payment stablecoin regulator has submitted a certification, including an attestation that the State regulatory regime meets the criteria for substantial similarity established by Treasury, and (ii) the Stablecoin Certification Review Committee (the Committee) has approved the State-level regulatory regime upon determining that it meets or exceeds the standards and requirements described in section 4(a) of the GENIUS Act (12 U.S.C. 5903(a)). Pursuant to section 2(27) of the GENIUS Act (12 U.S.C. 5901(27)), the Secretary of the Treasury chairs the Committee, which also includes the Chair of the Board (or the Vice Chair for Supervision, if delegated by the Board Chair) and the Chairman of the FDIC. The GENIUS Act directs Treasury and each of the primary Federal payment stablecoin regulators to promulgate regulations to carry out their respective responsibilities under the Act. With respect to the Committee’s review of State-level regulatory regimes under section 4(c) of the Act (12 U.S.C. 5903(c)), the Act requires States to submit certifications to the Committee, including an attestation “in a form prescribed by the [Committee],” and directs the Committee to follow certain procedures. The Committee is issuing the interim final rule (the IFR) to prescribe the form of certifications and to implement the procedures necessary for the Committee to carry out its statutory review responsibilities under section 4(c) of the Act (12 U.S.C. 5903(c)). The Act expressly authorizes the Committee to prescribe the form of certifications and to implement procedures governing its review of those certifications. Accordingly, the IFR establishes 12 CFR part 1522, which prescribes the required forms, supporting documentation, and procedures governing submission, review, approval, denial, resubmission, and annual recertification of State certifications under section 4(c) of the GENIUS Act. As relevant to this Supporting Statement, the IFR requires State payment stablecoin regulators to submit information necessary for the Committee to evaluate whether the applicable State-level regulatory regime satisfies the statutory requirements for approval.
Authorizing Statute(s):
US Code:
12 USC 5902(a)
Name of Law: Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act)
Citations for New Statutory Requirements:
US Code: 12 USC 5902(a) Name of Law: Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act)
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
1505-AC97
Final or interim final rulemaking
91 FR 61688
09/30/2026
Federal Register Notices & Comments
60-day Notice:
Federal Register Citation:
Citation Date:
91 FR 61688
09/30/2026
30-day Notice:
Federal Register Citation:
Citation Date:
90 FR 45159
09/19/2025
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
2
IC Title
Form No.
Form Name
Section 1522.10(b) – Initial Certifications
Section 1522.10(c) – Annual Recertifications
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
112
0
112
0
0
0
Annual Time Burden (Hours)
29,120
0
29,120
0
0
0
Annual Cost Burden (Dollars)
0
0
0
0
0
0
Burden increases because of Program Change due to Agency Discretion:
No
Burden Increase Due to:
Burden decreases because of Program Change due to Agency Discretion:
No
Burden Reduction Due to:
Short Statement:
This is a new request resulting from an Interim Final Rule.
Annual Cost to Federal Government:
$0
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:
Brendan Costello 202 622-2000 brendan.costello@treasury.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:
09/30/2026
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