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GENIUS Act

Monthly examination by a registered public accounting firm

GENIUS Act section 4(a)(3) requires a permitted payment stablecoin issuer to have the information in its previous month-end report examined each month by a registered public accounting firm, and requires the chief executive and chief financial officers to certify the report's accuracy. ReserveBeat prepares evidence for that examination; it never performs one.

Statutory text, verbatim

Citation
GENIUS Act § 4(a)(3)
Document
S. 1582 ENROLLED (119th Congress)
Retrieved
2026-07-25

Quoted exactly as it appears in the enrolled bill, including its line breaks and indentation. ReserveBeat does not re-wrap, edit, or abridge statutory text.

(3) Monthly certification; examination of reports by registered 
    public accounting firm.--
            (A) In general.--A permitted payment stablecoin issuer 
        shall, each month, have the information disclosed in the 
        previous month-end report required under paragraph (1)(D) 
        examined by a registered public accounting firm.
            (B) Certification.--Each month, the Chief Executive Officer 
        and Chief Financial Officer of a permitted payment stablecoin 
        issuer shall submit a certification as to the accuracy of the 
        monthly report to, as applicable--
                (i) the primary Federal payment stablecoin regulator of 
            the permitted payment stablecoin issuer; or
                (ii) the State payment stablecoin regulator of the 
            permitted payment stablecoin issuer.
            (C) Criminal penalty.--Any person who submits a 
        certification required under subparagraph (B) knowing that such 
        certification is false shall be subject to the same criminal 
        penalties as those set forth under section 1350(c) of title 18, 
        United States Code.

What ReserveBeat does with this

This is the provision the whole product is built around. ReserveBeat's monthly section 6 evidence bundle assembles the daily reserve-versus-liability reconciliations, the source statements they were derived from, and the hash-chain and timestamp anchors that fix when each record existed — the material a registered public accounting firm would ask for. The bundle is preparation for an examination, never an examination, and never an attestation.

Terms used in this provision

Definitions live in the learn section. ReserveBeat defines terms in one place and links to it.

How ReserveBeat reconciles what issuers publish

How every published figure is derived

This page is a pointer to primary law, not legal advice. ReserveBeat is not a law firm and takes no position on how any provision applies to any issuer. Read the statute.

← All GENIUS Act provisions

Reviewed

Questions

Common questions

Is this the full text of the GENIUS Act?

No. Seven provisions are published here, sliced from the enrolled bill S. 1582 and quoted verbatim. The full Act is at the source link on every provision page.

Does ReserveBeat check whether an issuer meets these requirements?

No. ReserveBeat reconciles what an issuer publishes against what is observable on-chain and prepares evidence for a registered public accounting firm. It takes no position on any issuer's legal status.

Where did this text come from?

It was retrieved once from congress.gov, on the date shown on each page, and committed to this repository as a citable file. Pages render from that file, so the text cannot drift between readings.

Is this legal advice?

No. ReserveBeat is not a law firm. These pages point at primary law and describe what this product measures; they do not interpret the statute or apply it to anyone.