Pennsylvania · 2025-2026
HB 2647
An Act amending Title 7 (Banks and Banking) of the Pennsylvania Consolidated Statutes, providing for stablecoin licensing; imposing duties on the Department of Banking and Securities and the Banking and Securities Commission; and imposing penalties.
Bill record: Open States bulk CSV (bills/votes) CC0-1.0
Summary AI-generated
HB 2647 amends Title 7 of the Pennsylvania Consolidated Statutes to establish a licensing framework for stablecoins. The bill imposes specific duties on the Department of Banking and Securities and the Banking and Securities Commission regarding this new regulatory area. Additionally, the legislation includes provisions for penalties related to these requirements.
Software-generated, grounded only in the bill's own fields (it does not invent outcomes, amounts, or dates). Provenance: Open States bulk CSV (bills/votes) CC0-1.0 GovTally LLM enrichment (local oMLX)
Issue tags AI-classified
Classified by a local model from the bill's text; confidence shown. GovTally LLM enrichment (local oMLX)
Sponsors
- Scott Conklin Democratic lead