Agency Information Collection Activities: Proposed Information Collection; Submission for OMB Review; Applications for Licensing or Registration To Issue Payment Stablecoins Under the GENIUS Act

The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites comment on a new information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is proposing a new information collection to comply with the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act or the Act) requirement for entities seeking to issue payment stablecoins in the United States, titled "Applications for Licensing or Registration to Issue Payment Stablecoins Under the GENIUS Act." The OCC is seeking a new OMB control number for this information collection and is giving notice that it has sent the collection to OMB for review.

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