FDIC
Federal Deposit Insurance Corporation
📋Role Under the GENIUS Act
The FDIC regulates state nonmember banks that issue payment stablecoins and plays a key role in insolvency proceedings for depository institutions that are stablecoin issuers.
✅Key Responsibilities
- •Supervise state nonmember banks issuing payment stablecoins
- •Resolve insolvencies of depository institution issuers
- •Coordinate on implementing regulations
- •Examine issuers for safety and soundness
📜Required Rulemakings
⏱️Key Deadlines After Enactment
+365 days
Issue implementing regulations
+180 days
Submit report to Congress on regulations
12
Total references
4
Sections
1
Rulemakings
1
Deadlines
Bill References by Section
Click a section to expand and see all subsections where FDIC is mentioned. Click any item to view the full bill text.
Implementation Timeline
+365 days
Primary Rulemaking Deadline
rulemakingAt a Glance
- •12 references across 4 sections
- •1 required rulemaking