SEC. 4 › (a) › (3)
(3) .— Monthly certification; examination of reports by registered public accounting firm
licensingdisclosures
Bill Text
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§4(a)(3)(A)
(A) .— In general
A permitted payment stablecoin issuer shall, each month, have the information disclosed in the previous month-end report required under paragraph (1)(D) examined by a registered public accounting firm.
Each month, the Chief Executive Officer and Chief Financial Officer of a permitted payment stablecoin issuer shall submit a certification as to the accuracy of the monthly report to, as applicable—
§4(a)(3)(C)
(C) .— Criminal penalty
Any person who submits a certification required under subparagraph (B) knowing that such certification is false shall be subject to the same criminal penalties as those set forth under.
Parent Section
SEC. 4(a) .— Standards for the Issuance of Payment St...
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Other sections under SEC. 4 › (a)
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