Companies could issue payment stablecoins in the U.S. only if they are approved. They would need full backing in safe assets, monthly reserve reports, and customer asset protections.
Modern Action explains what the legislation does, helps you choose whether to support, oppose, or ask for changes, and drafts a message tied to the bill, your stance, and the elected officials who can act on it.
Clarity for Payment Stablecoins Act of 2023 is a House bill in Congress.
Who this affects: This bill mainly affects companies that issue, hold, or support payment stablecoins. It also matters for banks, credit unions, state regulators, federal bank regulators, and people or businesses that use stablecoins for payments. The biggest direct change is that stablecoin issuers would need approval and full reserves. Custody companies would face clearer rules for protecting customer assets.
Why this matters: Stablecoins are widely used, but weak backing or poor custody can put users at risk. This bill would try to make payment stablecoins safer by requiring approval, full reserves, regular reports, and clearer customer asset rules. It could also shape which companies can offer stablecoins in the U.S. and how banks handle digital asset custody.
You do not have to start with a blank letter. Modern Action turns the bill, your position, and the relevant congressional context into a message you can edit and send. The goal is to make contacting Congress clear, specific, and useful without forcing you to parse bill text or figure out the right office on your own.
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Officially: Clarity for Payment Stablecoins Act of 2023
Companies could issue payment stablecoins in the U.S. only if they are approved. They would need full backing in safe assets, monthly reserve reports, and customer asset protections.
Use this page to support, oppose, or ask Congress to amend HR4766. Modern Action explains what the bill does, helps identify the right senators or representative, and drafts a bill-specific message you can edit and send.
Where it stands
Sitting in House Committee
No vote scheduled. Constituent contact is what moves bills out of committee.
↓ Why your message matters here
This bill is sitting in committee with no scheduled vote — which means a small number of constituent messages can decide whether it moves forward or quietly dies.
Enter your ZIP to see how your senators and member of Congress have voted, sponsored, or spoken on this bill.
Where this bill is in the process
Introduced
Introduced in House
House Committee
Under House committee consideration
House Floor Vote
Voted on by House
Passed House
Approved by House
Senate Review
Sent to Senate for consideration
Passed Both Chambers
Approved by both House and Senate
Signed into Law
Signed by the President
For more detail
Choose one clear position: support, oppose, or amend. Then pick any reasons or personal context you want included. Modern Action uses that input and the bill context to draft a message you can edit and send.
Congressional offices prioritize messages from their own constituents. Modern Action uses your address to route the drafted message to your House representative when that is the most relevant target for this bill.
The draft includes the bill number, your position, the reasons you selected, any personal context you added, and a direct ask such as voting yes, voting no, cosponsoring, opposing, or seeking changes. You stay in control because you can edit the message before sending.
This page gives you an opportunity to support, oppose, or ask for changes to Clarity for Payment Stablecoins Act of 2023, then contact the elected officials who can act. Modern Action drafts the message from your position and the reasons you select.
Modern Action keeps the action tied to the bill itself: what it does, where it is in the process (introduced), which office can still act, and what ask belongs in the message.
You are not starting from a blank form. Modern Action drafts the message around HR4766, your stance, and the reasons you choose, then lets you edit and send when ready.
