#USStablecoinBill The GENIUS Act builds closely on several previous proposals: The Transparent Payments Stablecoins Act of 2023 (McHenry Bill) by former Chairman Patrick McHenry, which passed the House Financial Services Committee (HFSC) in the summer of 2023; The Lummis-Gillibrand Payments Stablecoins Act (Lummis-Gillibrand Bill), which was introduced in the spring of 2024;