SEC. 5 › (d)

(d) .— Timing for Decision; Grounds for Denial

Bill Text

§5(d)

(d) .— Timing for Decision; Grounds for Denial

§5(d)(1)

(1) .— Timing for decisions on applications

§5(d)(2)

(2) .— Denial of application

§5(d)(3)

(3) .— Failure to render a decision

If a primary Federal payment stablecoin regulator fails to render a decision on a complete application within the time period specified in paragraph (1), the application shall be deemed approved.

§5(d)(4)

(4) .— Right to reapply

The denial of an application under this section shall not prohibit the applicant from filing a subsequent application.

Parent Section

SEC. 5

APPROVAL OF SUBSIDIARIES OF INSURED DEPOSITORY ...

Related Sections

Other sections under SEC. 5

SEC. 5 › (a)(a) .— Application SEC. 5 › (b)(b) .— Evaluation of Applications SEC. 5 › (c)(c) .— Factors to Be Considered SEC. 5 › (e)(e) .— Reports on Pending Applications SEC. 5 › (f)(f) .— Safe Harbor for Pending Applications SEC. 5 › (g)(g) .— Rulemaking