# 116-hr-8827: Stablecoin Classification and Regulation Act of 2020

116-hr-8827, Stablecoin Classification and Regulation Act of 2020, is a 116th Congress bill sponsored by Rep. Tlaib, Rashida [D-MI-12] (D-MI); status Referred to the House Committee on Financial Services. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-8827
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-8827
- Congress: 116
- Title: Stablecoin Classification and Regulation Act of 2020
- Status: Referred to the House Committee on Financial Services.
- Introduced: 2020-11-30
- Sponsor: Rep. Tlaib, Rashida [D-MI-12] (D-MI)
- Cosponsors: 2
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Stablecoin Classification and Regulation Act of 2020 This bill provides for the regulation of stablecoins, a type of privately issued digital currency whose value is pegged to a currency such as the U.S. dollar. Issuers of stablecoins must be a member of the Federal Reserve System, and must seek prior approval from the Federal Reserve, the Federal Deposit Insurance Corporation, and the appropriate banking agency for the offering of stablecoins. Issuers of stablecoins are subject to oversight by the appropriate banking agency, including with respect to capital adequacy, leverage, and permitted activities. Furthermore, issuers of stablecoins must be able to redeem all outstanding stablecoins at their nominal redemption value in U.S. dollars upon demand.

## Cosponsors (2)

- Rep. Lynch, Stephen F. [D-MA-8] (D-MA), 2020-11-30T00:00:00.000Z
- Rep. García, Jesús G. "Chuy" [D-IL-4] (D-IL), 2020-11-30T00:00:00.000Z

## Related bills

- 116-hr-8270: I am Vanessa Guillén Act of 2020
- 116-hr-8015: Delivering for America Act
- 116-hr-7993: Promoting and Advancing Communities of Color through Inclusive Lending Act
- 116-hr-7633: Lead Abatement for Families Act of 2020
- 116-hr-7485: SAFE Workers Act
- 116-hr-7463: Assisted Living Facility Coronavirus Reporting Act

## Sources
- [116-hr-8827 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/8827)

## Related
- [116-hr-8270: I am Vanessa Guillén Act of 2020](https://policyrisk.com/legislation/116-hr-8270)
- [116-hr-8015: Delivering for America Act](https://policyrisk.com/legislation/116-hr-8015)
- [116-hr-7993: Promoting and Advancing Communities of Color through Inclusive Lending Act](https://policyrisk.com/legislation/116-hr-7993)
- [116-hr-7633: Lead Abatement for Families Act of 2020](https://policyrisk.com/legislation/116-hr-7633)
- [116-hr-7485: SAFE Workers Act](https://policyrisk.com/legislation/116-hr-7485)
- [116-hr-7463: Assisted Living Facility Coronavirus Reporting Act](https://policyrisk.com/legislation/116-hr-7463)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-8827 (as of 2025-11-18).