# Indiana HB 1217: Regulation of stablecoin.

Indiana HB 1217, Regulation of stablecoin., is a Second Regular Session 124th General Assembly (2026) House bill sponsored by Kyle Pierce (Republican); status failed, last action 2026-02-19 (Committee report: do pass, adopted) (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/IN-HB1217-2026
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Indiana HB 1217
- State: Indiana
- Session: Second Regular Session 124th General Assembly (2026)
- Title: Regulation of stablecoin.
- Status: failed
- Chamber: House
- Introduced: 2026-01-05
- Last action: 2026-02-19, Committee report: do pass, adopted
- Sponsor: Kyle Pierce (Republican)
- Cosponsors: 3
- Subjects: financial institutions, the senate, insurance and financial institutions, appropriations
- Touches household money: no
- Roll calls: 1 (67 yes, 23 no in all)
- Economic provisions PRIA read: 0

## Summary

Prohibits a permitted payment stablecoin issuer or foreign payment stablecoin issuer from: (1) paying interest or any other type of yield; or (2) providing any other economic benefit; to a person in connection with the person's holding, use, or retention of a payment stablecoin. Provides that: (1) a payment stablecoin may be issued in Indiana only by a licensed payment stablecoin issuer; and (2) beginning July 1, 2028, subject to specified exceptions, a digital asset service provider may not offer or sell a payment stablecoin in Indiana that is not issued by a licensed payment stablecoin issuer. Requires the department of financial institutions (department) to: (1) administer licensure of persons to act as payment stablecoin issuers; and (2) regulate and supervise licensed payment stablecoin issuers. Establishes requirements for licensure as a payment stablecoin issuer and a process by which an applicant for licensure may appeal denial of the applicant's application. Imposes reporting requirements for licensed payment stablecoin issuers. Specifies powers of the department in regulating and supervising licensed payment stablecoin issuers. Specifies civil and criminal penalties for violations. Provides for priority of claims in an insolvency action regarding a licensed payment stablecoin issuer.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Kyle Pierce (Republican), House
- Cosponsor: Chris Judy (Republican), House
- Cosponsor: Jake Teshka (Republican), House
- Cosponsor: Scott Baldwin (Republican), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-01-20 | House | Third reading: passed | pass | 67 | 23 |   |

## Actions (12)

- 2026-02-19: Committee report: do pass, adopted (Senate)
- 2026-02-12: Committee report: do pass adopted; reassigned to Committee on Appropriations (Senate)
- 2026-01-26: First reading: referred to Committee on Insurance and Financial Institutions (Senate)
- 2026-01-21: Referred to the Senate (House)
- 2026-01-20: Representative Judy added as coauthor (House)
- 2026-01-20: Senate sponsor: Senator Baldwin (House)
- 2026-01-20: Third reading: passed; Roll Call 61: yeas 67, nays 23 (House)
- 2026-01-15: Second reading: ordered engrossed (House)
- 2026-01-13: Committee report: amend do pass, adopted (House)
- 2026-01-12: Representative Teshka added as coauthor (House)
- 2026-01-05: Authored by Representative Pierce K (House)
- 2026-01-05: First reading: referred to Committee on Financial Institutions (House)

## Bill text

- House Bill (S): [PDF](https://api.iga.in.gov/2026/bills/HB1217/versions/HB1217.02.COMH?format=pdf), [PDF](https://api.iga.in.gov/2026/bills/HB1217/versions/HB1217.03.COMS?format=pdf), [PDF](https://api.iga.in.gov/2026/bills/HB1217/versions/HB1217.04.COMS?format=pdf)
- Introduced House Bill (H): [PDF](https://api.iga.in.gov/2026/bills/HB1217/versions/HB1217.01.INTR?format=pdf)

## Related bills

- HB 1266: Department of education and education matters. (signed)
- HB 1277: Health and human services matters. (signed)
- HB 1210: Department of local government finance. (signed)
- HB 1249: Various criminal law matters. (signed)
- HB 1200: Bureau of motor vehicles. (signed)
- HB 1115: Homeowners association governance. (signed)

## Sources
- [House Bill (S) (PDF)](https://api.iga.in.gov/2026/bills/HB1217/versions/HB1217.02.COMH?format=pdf)
- [House Bill (S) (PDF)](https://api.iga.in.gov/2026/bills/HB1217/versions/HB1217.03.COMS?format=pdf)
- [House Bill (S) (PDF)](https://api.iga.in.gov/2026/bills/HB1217/versions/HB1217.04.COMS?format=pdf)
- [Introduced House Bill (H) (PDF)](https://api.iga.in.gov/2026/bills/HB1217/versions/HB1217.01.INTR?format=pdf)

## Related
- [HB 1266: Department of education and education matters.](https://policyrisk.com/state-bill/IN-HB1266-2026)
- [HB 1277: Health and human services matters.](https://policyrisk.com/state-bill/IN-HB1277-2026)
- [HB 1210: Department of local government finance.](https://policyrisk.com/state-bill/IN-HB1210-2026)
- [HB 1249: Various criminal law matters.](https://policyrisk.com/state-bill/IN-HB1249-2026)
- [HB 1200: Bureau of motor vehicles.](https://policyrisk.com/state-bill/IN-HB1200-2026)
- [HB 1115: Homeowners association governance.](https://policyrisk.com/state-bill/IN-HB1115-2026)
- [Indiana bills](https://policyrisk.com/states/indiana/bills)
- [Indiana state hub](https://policyrisk.com/states/indiana)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/IN-HB1217-2026 (as of 2026-11-01).