SEC. 5 › (b)

(b) .— Evaluation of Applications

Bill Text

§5(b)

(b) .— Evaluation of Applications

A substantially complete application received under subsection (a) shall be evaluated by the primary Federal payment stablecoin regulator using the factors described in subsection (c).

Parent Section

SEC. 5

APPROVAL OF SUBSIDIARIES OF INSURED DEPOSITORY ...

Regulatory Agencies

OCC

Office of the Comptroller of the Currency

Related Sections

Other sections under SEC. 5

SEC. 5 › (a)(a) .— Application SEC. 5 › (c)(c) .— Factors to Be Considered SEC. 5 › (d)(d) .— Timing for Decision; Grounds for Denial SEC. 5 › (e)(e) .— Reports on Pending Applications SEC. 5 › (f)(f) .— Safe Harbor for Pending Applications SEC. 5 › (g)(g) .— Rulemaking