GENIUS Act (Public Law 119-27) requires final implementing rules by July 18, 2026. Act takes effect earlier of January 18, 2027 or 120 days after final rules.
Agency NPRM status as of July 2026:
- Treasury ANPRM (Sept 2025) — comments closed Nov 4, 2025
- Treasury state “substantially similar” NPRM (April 2026 Federal Register)
- FDIC Implementation NPRM (April 2026)
- NCUA Implementation NPRM (May 2026) — comment period closes July 17, 2026
- OCC, FinCEN, OFAC proposals in progress
Tracks capital, liquidity, risk management, and issuance requirements under 12 U.S.C. §§ 5902-5903.