(4) .— Certification
Bill Text
(A) .— Initial certification
Subject to subparagraph (B), not later than 1 year after the effective date of this Act, a State payment stablecoin regulator shall submit to the Stablecoin Certification Review Committee an initial certification that the State-level regulatory regime meets the criteria for substantial similarity established pursuant to paragraph (2).
(B) .— Form of certification
The initial certification required under subparagraph (A) shall contain, in a form prescribed by the Stablecoin Certification Review Committee, an attestation that the State-level regulatoryregime meets the criteria for substantial similarity established pursuant to paragraph (2).
(C) .— Annual recertification
Not later than a date to be determined by the Secretary of the Treasury each year, a State payment stablecoin regulator shall submit to the Stablecoin Certification Review Committee an additional certification that confirms the accuracy of the initial certification submitted under subparagraph (A).
Parent Section
SEC. 4(c) .— State-level Regulatory Regimes
Related Sections
Other sections under SEC. 4 › (c)