{
  "legislationId": "119_HR_8395",
  "lastUpdate": "2026-04-28T11:19:49.041Z",
  "history": [
    {
      "timestamp": "2026-04-28T11:19:49.041Z",
      "source_url": "https://www.congress.gov/119/bills/hr8395/BILLS-119hr8395ih.htm",
      "model": "gemini-flash-lite-latest",
      "prompt_sent": "\nROLE: Fact Checker.\nZADANIE: Porównaj SOURCE (oryginał) i SUMMARY (streszczenie przygotowane przez inne AI).\n\nTwoim celem jest wykrycie \"ZMYŚLONYCH KONKRETÓW\" (Fabricated Entities) w SUMMARY.\n\nSOURCE:\n[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 8395 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 8395 To provide for the regulation of registered covered providers, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES April 21, 2026 Mrs. Kim (for herself and Mr. Liccardo) introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To provide for the regulation of registered covered providers, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Payments Access and Consumer Efficiency Act of 2026'' or the ``PACE Act of 2026''. SEC. 2. DEFINITIONS. In this Act: (1) Board.--The term ``Board of Governors'' means the Board of Governors of the Federal Reserve System. (2) Comptroller.--The term ``Comptroller'' means the Comptroller of the Currency. (3) Covered provider.--The term ``covered provider'' means a person that provides payment services and-- (A) holds at least 40 active money transmitter licenses issued in accordance with the laws of each applicable State in which the applicant seeks to offer such payment services; (B) holds a depository institution (as defined in section 3(c) of the Federal Deposit Insurance Act (12 U.S.C. 1813(c))) charter from the State in which the applicant seeks to offer such payment services; or (C) holds a State credit union (as defined in section 101 of the Federal Credit Union Act (12 U.S.C. 1752)) charter from the State in which the applicant seeks to offer such payment services. (4) Covered state regulator.--The term ``covered State regulator'' means a State agency that has issued a charter or license to a registered covered provider. (5) Deposit.--The term ``deposit'' has the meaning given in section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813). (6) Insured depository institution.--The term ``insured depository institution'' has the meaning given in section 2 of the GENIUS Act (12 U.S.C. 5901). (7) Monetary value.--The term ``monetary value'' means a medium of exchange. (8) Outstanding payment obligations.--The term ``outstanding payment obligations'' means the amount of payment service obligations incurred by a registered covered provider but not yet paid. (9) Payment instrument.--The term ``payment instrument'' means a physical or electronic check, draft, money order, traveler's check, or card or other means of access to an account or other instrument for the transmission or payment of monetary value. The term does not include stored value. (10) Payment service.--The term ``payment service''-- (A) means-- (i) receiving monetary value for transmission or transmitting monetary value; (ii) receiving monetary value from a payor on behalf of a payee for goods or services provided by the payee; (iii) selling or issuing stored value; (iv) selling or issuing payment instruments; and (v) providing access or custody services with respect to monetary value; and (B) does not include the provision solely of online or telecommunications services or network access. (11) Payments reserve account.--The term ``payments reserve account'' means an account held at a Federal reserve bank that includes access to Fedwire Funds Service, FedNow Service, and FedACH Services (including access to necessary relevant contingent services, as determined by the Board of Governors of the Federal Reserve System). (12) Registered covered provider.--The term ``registered covered provider'' means a covered provider that has registered with the Comptroller in accordance with the requirements of this Act. (13) State.--The term ``State'' means each State of the United States, the District of Columbia, and each territory or possession of the United States. (14) Stored value.--The term ``stored value'' has the meaning given in section 1002(28) of the Consumer Financial Protection Act of 2010 (12 U.S.C. 5481(28)). SEC. 3. FEDERAL REGISTRATION OF ELIGIBLE STATE PAYMENT SERVICE PROVIDERS. (a) Registration of Payment Service Providers.-- (1) Registration.--A covered provider may submit an application to register with the Comptroller to become a registered covered provider. (2) Evaluation.--The Comptroller shall evaluate an application received under paragraph (1) using only the factors specified under paragraph (3). (3) Factors.--The factors specified in this paragraph are the following: (A) The applicant is limited to engaging in activities that directly support or are incidental to the provision of payment services. (B) The applicant is able to meet the requirements of sections 4 and 5. (C) The applicant has adequate financial resources, managerial or technical expertise, and a governance system tailored to the business model and risk profile of the covered provider. (D) The applicant is able to comply with the requirements of the Bank Secrecy Act (as defined in section 2 of the GENIUS Act (12 U.S.C. 5901)). (E) The applicant demonstrates benefit to the public, including with respect to innovation, competition, and enabling widespread access and use of payment services. (F) The applicant is not a designated financial market utility (as defined in section 803(4) of the Payment, Clearing, and Settlement Supervision Act of 2010 (12 U.S.C. 5462(4))). (4) Holders of money transmitter licenses.--A covered provider described in section 2(3)(A) that becomes a registered covered provider under this Act may provide payment services in any State. (b) Timing for Decision; Grounds for Denial.-- (1) Initial applications.--With respect to an application under subsection (a) received during the 180-day period beginning on the date of the enactment of this Act, the Comptroller shall notify each applicant, not later than 180 days after the receipt of such application-- (A) that the application is complete; or (B) that the application is incomplete and the specific information required for the application to be considered complete. (2) Extension.--The Comptroller may extend the period described in paragraph (1) by an additional 60 days. (3) Subsequent applications.--With respect to an application received after the end of the period described in paragraph (1) (including any extension made under paragraph (2)), the Comptroller shall provide the notification required under such paragraph to each applicant not later than 30 days after receiving such application. (4) Decision.--Not later than 180 days after notifying the applicant that an application is complete, the Comptroller shall notify the applicant of whether the Comptroller approved or denied such application. If the Comptroller fails to submit a notification with such 180-day period, such application shall be deemed to be approved. (5) Denial.-- (A) Grounds for denial.--The Comptroller may deny a complete application received under subsection (a) only if the Comptroller determines the factors described in subsection (a)(3) are not satisfied. (B) Explanation required.--The Comptroller shall provide each applicant of a complete application that was denied a written notice explaining such denial, including all findings made by the Comptroller with respect to the factors described in subsection (a)(3). (c) Revocation.--The Comptroller shall establish, by rule, a process by which the Comptroller may review and revoke a registration granted under this section to a covered provider if the Comptroller determines the factors described in subsection (a)(3) are not satisfied. Such process shall include a process for providing notice to the covered provider and a process for review of the decision to revoke a registration. SEC. 4. CUSTOMER PROTECTION STANDARDS. (a) Reserve Standards.-- (1) In general.--A registered covered provider shall maintain identifiable reserves backing outstanding payment obligations on at least a 1 to 1 basis, with reserves comprising-- (A) United States coins and currency (including Federal Reserve notes) or money standing to the credit of an account with a Federal Reserve Bank; (B) funds held as demand deposits (or other deposits that may be withdrawn upon request at any time) or insured shares at an insured depository institution (including any foreign branches or agents, including correspondent banks, of an insured depository institution), subject to limitations established by the Corporation and the National Credit Union Administration, as applicable, to address safety and soundness risks of such insured depository institution; (C) funds in transit to the registered covered provider that are owed by an insured depository institution or another registered covered provider, including funds from the automated clearinghouse system or funds receivable from a payment instrument; (D) Treasury bills, notes, or bonds-- (i) with a remaining maturity of 93 days or less; or (ii) issued with a maturity of 93 days or less; (E) money received under repurchase agreements, with the registered covered provider acting as a seller of securities and with an overnight maturity, that are backed by Treasury bills with a maturity of 93 days or less; (F) reverse repurchase agreements, with the registered covered provider acting as a purchaser of securities and with an overnight maturity, that are collateralized by Treasury notes, bills, or bonds on an overnight basis, subject to overcollateralization in line with standard market terms, that are-- (i) tri-party; (ii) centrally cleared through a clearing agency registered with the Securities and Exchange Commission; or (iii) bilateral with a counterparty that the issuer has determined to be adequately creditworthy even in the event of severe market stress; (G) securities issued by an investment company registered under section 8(a) of the Investment Company Act of 1940 (15 U.S.C. 80a-8(a)), or other registered Government money market fund, and that are invested solely in underlying assets described in subparagraphs (A) through (F); (H) any other similarly liquid Federal Government- issued asset approved by the Comptroller; or (I) any reserve described in subparagraphs (A) through (D) or subparagraphs (G) through (H) in tokenized form, provided that such reserves comply with all applicable laws and regulations. (2) Prohibition on rehypothecation.--Reserves described under paragraph (1) may not be pledged, rehypothecated, or reused, except for the purposes described in section 4(a)(2) of the GENIUS Act (12 U.S.C. 5903(a)(2)). (3) Segregation requirement for access or custody services.--A registered covered provider providing access or custody services for monetary value shall segregate and separately account for such monetary value and may not commingle such monetary value with the assets of such provider. (b) Recordkeeping Standards.-- (1) In general.--A registered covered provider shall maintain records of-- (A) outstanding payment obligations of the provider with respect to each customer of the provider; and (B) reserves held pursuant to subsection (a). (2) Access or custody services.--A registered covered provider that provides access or custody services for monetary value shall maintain beneficial ownership records with respect to each applicable account and customer. SEC. 5. RISK MANAGEMENT STANDARDS AND FAIR ACCESS. (a) In General.--The Comptroller shall ensure that a registered covered provider shall be subject to the capital, liquidity, and risk management regulations issued pursuant to section 4(a)(4) of the GENIUS Act (12 U.S.C. 5903(a)(4)) in a similar manner that such regulations apply to a permitted payment stablecoin issuer (as defined in section 2 of such Act (12 U.S.C. 5901)), where such regulations are tailored to the business model and risk profile of the registered covered provider. (b) Fair Access Obligation.--A registered covered provider-- (1) shall be subject to the requirements of the Equal Credit Opportunity Act (15 U.S.C. 1691 et seq.) in the same manner as a creditor under such Act; (2) may not deny access to payment services to an individual because of the individual's constitutionally or statutorily protected beliefs, affiliations, or political views; (3) may not cancel a payment services account of an individual as a tool to inhibit such beliefs, affiliations, or political views; and (4) shall make all business decisions with respect to the provision of payment services on the basis of individualized, objective, and risk-based analyses. SEC. 6. EXAMINATIONS, CONTRACTED SERVICES, AND ENFORCEMENT. (a) In General.--The Comptroller may make examinations of a registered covered provider with respect to the following: (1) The nature of the operations and financial condition of the registered covered provider. (2) The financial, operational, and other risks that may pose a threat to-- (A) the safety and soundness of the registered covered provider; or (B) the stability of the financial system of the United States. (3) The systems of the registered covered provider for monitoring and controlling the risks described in paragraph (2). (4) The compliance of the registered covered provider with the requirements of Federal consumer financial law (as defined in section 1002 of Consumer Financial Protection Act of 2010 (12 U.S.C. 5481)), including by-- (A) obtaining information about the activities and compliance systems or procedures of such provider; and (B) detecting and assessing risks to consumers and to markets for consumer financial products and services (as defined in such section 1002). (b) Contracted Services.-- (1) In general.--Whenever a registered covered provider relies on or contracts for any services or activities that are directly related to and are critical to the provision of payment services by the registered covered provider-- (A) the person that performs such services or activities shall be subject to regulation and supervision by the Comptroller to the same extent as if such services were being performed by the registered covered provider; and (B) the registered covered provider shall notify the Comptroller of any relationship between the provider and the person that performs such services or activities not later than 30 days after the date which is the earlier of the date on which-- (i) such provider and such person enter into a contract for provision of such services or activities; or (ii) such person begins performance of such service or activity. (c) Enforcement.--The Comptroller may enforce the requirements of sections 4 and 5 of this Act against a registered covered provider and take such actions against such provider as permitted under section 8 of the Federal Deposit Insurance Act (12 U.S.C. 1818), as if such provider was an insured depository institution. SEC. 7. REPORTS. (a) Submission of Reports.--At the frequency established by the Comptroller, a registered provider shall submit to the Comptroller a report relating to-- (1) the financial condition of the registered covered provider; (2) compliance by the registered covered provider with the requirements of this Act and other applicable laws relating to the provision of payment services; and (3) any other information the Comptroller may reasonably require with respect to the registered covered provider and the scope of the provision of payment services of such provider. (b) Existing Reports.--To comply with the requirements of this section, the Comptroller shall, to the maximum extent practicable, use existing reports and other supervisory information and avoid duplication of examination activities, reporting requirements, and requests for information. SEC. 8. PRIORITY FOR CUSTOMERS OF REGISTERED COVERED PROVIDERS. (a) Nonbank Provider Defined.--In this section, the term ``nonbank provider'' means a registered covered provider that is not an insured depository institution (as defined in section 2 of the GENIUS Act (12 U.S.C. 5901)). (b) Exclusion From Bankruptcy.--A nonbank provider shall not be treated as a debtor for purposes of chapter 7 or chapter 11 of title 11, United States Code. (c) Insolvency Standards.-- (1) In general.--A nonbank provider shall be eligible to be subject to an insolvency proceeding administered by a covered State regulator. (2) Appointment.--Notwithstanding any other provision of Federal law or the law of any State, the Comptroller may be appointed by the covered State regulator to act as conservator or receiver for such a nonbank provider, pursuant to such rules issued by the Comptroller. (3) Backup authority.--If, with respect to an insolvent nonbank provider, a State does not promptly initiate an insolvency proceeding beginning on the date the nonbank provider becomes insolvent, the Comptroller shall initiate such insolvency proceeding. For purposes of this paragraph, the Comptroller shall issue such rules as necessary to define ``promptly''. (d) Priority.--To the extent that a customer may hold balances with a nonbank provider, amounts realized from the liquidation or other resolution of the nonbank provider by the covered State regulator or the Comptroller (whichever is acting as a conservator or receiver under this section) shall be distributed to pay claims (other than secured claims to the extent of any such security) in the following order of priority: (1) Administrative expenses of the conservator or receiver. (2) Outstanding payment obligations to customers. (3) Any other general or senior liability of the nonbank provider. (4) Any obligation subordinated to liabilities described in paragraphs (2) and (3) not described in paragraph (5). (5) Any obligation to shareholders or members of the nonbank provider arising as a result of their status as shareholders or members. (e) Custodial Assets.--Monetary value maintained in connection with access or custody services, properly segregated from the nonbank provider's proprietary assets, are not general assets of the nonbank provider subject to the priority set forth in subsection (d). Any shortfall in custodial assets shall have the same priority as outstanding payment obligations to customers under subsection (d)(2). (f) Additional Powers.--In addition to and not in derogation of the powers conferred and the duties imposed by this Act on the Comptroller or a State as conservator or receiver of a nonbank provider, the Comptroller or State, as applicable, shall have such additional powers and duties with respect to the nonbank provider as imposed on a conservator or receiver of an insured depository institution under any other provision of law. SEC. 9. ACCESS TO PAYMENTS RESERVE ACCOUNTS. (a) Access.--To obtain access to a payments reserve account in the same manner and to the same extent as such access would be granted to an insured depository institution, a registered covered provider may submit a request to the Board of Governors for such access. (b) Approval.--The Board of Governors shall approve or deny such a request not later than 120 days after receipt of such request, which period may be extended by an additional 60 days. If the Board of Governors fails to act on such a request within such period, the request shall be deemed to be approved. (c) Enforcement Authority in Unusual and Exigent Circumstances.-- (1) In general.--In unusual and exigent circumstances, the Board of Governors may issue a directive that has the effect of a cease and desist order against a registered covered provider that uses a payments reserve account for purposes of noncompliance with requirements of sections 4 and 5 of this Act, if the Board of Governors submits a written notice to the covered State regulator and the Comptroller not less than 48 hours before issuing such directive. (2) Unusual and exigent circumstances defined.--Not later than 180 days after the date of the enactment of this Act and in consultation with the Conference of State Bank Supervisors, the Board of Governors shall issue rules to define the term ``unusual and exigent circumstances'' for purposes of paragraph (1). (3) Review.-- (A) Administrative review.-- (i) In general.--After a directive described in paragraph (1) has been issued with respect to a registered covered provider, such registered covered provider may object and present to the Board of Governors, in writing, the reasons why the directive should be modified or rescinded. (ii) Automatic lapse of directive.--If, not later than 10 days after the receipt of a response described in clause (i), the Board of Governors does not affirm, modify, or rescind the directive, the directive shall automatically lapse. (B) Judicial review.-- (i) In general.--If the Board of Governors affirms or modifies a directive pursuant to subparagraph (A), any affected party may immediately thereafter petition the United States district court for the district in which the main office of the affected party is located, or in the United States District Court for the District of Columbia, to stay, modify, terminate, or set aside the directive. (ii) Relief for extraordinary cause.--Upon a showing of extraordinary cause, an affected party may petition for relief under clause (i) without first pursuing or exhausting the administrative review under subparagraph (A). SEC. 10. EFFECT ON SECURITIES LAWS. (a) Investment Advisors Act of 1940.--Section 202(a)(18) of the Investment Advisers Act of 1940 (15 U.S.C. 80b-2(a)(18)) is amended by adding at the end the following: ``The term `security' does not include a balance with a registered covered provider, as such term is defined in section 2 of the PACE Act of 2026.''. (b) Investment Company Act of 1940.--Section 2(a)(36) of the Investment Company Act of 1940 (15 U.S.C. 80a-2(a)(36)) is amended by adding at the end the following: ``The term `security' does not include a balance with a registered covered provider, as such term is defined in section 2 of the PACE Act of 2026.''. (c) Securities Act of 1933.--Section 2(a)(1) of the Securities Act of 1933 (15 U.S.C. 77b(a)(1)) is amended by adding at the end the following: ``The term `security' does not include a balance with a registered covered provider, as such term is defined in section 2 of the PACE Act of 2026.''. (d) Securities Exchange Act of 1934.--Section 3(a)(10) of the Securities Exchange Act of 1934 (15 U.S.C. 78c(a)(10)) is amended by adding at the end the following: ``The term `security' does not include a balance with a registered covered provider, as such term is defined in section 2 of the PACE Act of 2026.''. (e) Securities Investor Protection Act of 1970.--Section 16(14) of the Securities Investor Protection Act of 1970 (15 U.S.C. 78lll(14)) is amended by adding at the end the following: ``The term `security' does not include a balance with a registered covered provider, as such term is defined in section 2 of the PACE Act of 2026.''. <all>\n\nSUMMARY TO EVALUATE:\nTitle: PACE Act 2026: Enhanced Protection for Your Money in Payment Services\nSummary: This Act establishes nationwide standards for money transfer and digital wallet companies to better protect customer funds. It ensures your money is safer through mandatory financial reserves and prohibits discrimination against users.\nKey Points: Payment providers must maintain 1:1 reserves in safe assets like cash or Treasury bills for all customer funds., Companies are strictly forbidden from using customer money for their own business investments or risks., Providers cannot deny services or cancel accounts based on a customer's political or religious beliefs., In the event of a company's failure, customers are prioritized to get their money back first., Streamlined federal rules allow payment companies to offer their services more easily across all states.\n\nZASADY OCENY:\n1. Sprawdź wszystkie LICZBY, DATY i KWOTY w SUMMARY. Jeśli którejś brakuje w SOURCE -> is_valid: false.\n2. Sprawdź wszystkie NAZWISKA, ORGANIZACJE i MIEJSCA w SUMMARY. Jeśli którejś brakuje w SOURCE -> is_valid: false.\n3. Sprawdź wszystkie konkretne DZIAŁANIA PRAWNE . Jeśli tego mechanizmu nie ma w SOURCE -> is_valid: false.\n\nWAŻNE: Abstrakcyjne pojęcia (np. \"transparentność\", \"zaufanie\") są dozwolone jako wnioski.\n\nOUTPUT (JSON):\n{\n  \"is_valid\": true/false,\n  \"issue\": \"fabricated_entity\" / \"contradiction\" / \"none\"\n}\n\nWYMAGANIA FORMATOWANIA:\n1. Odpowiedz WYŁĄCZNIE surowym obiektem JSON.\n2. NIE używaj bloków kodu Markdown.\n3. NIE dodawaj żadnych wstępów ani wyjaśnień przed ani po JSONie.\n4. JSON musi być poprawny i gotowy do parsowania.\n\n",
      "ai_response_raw": "{\n  \"is_valid\": true,\n  \"issue\": \"none\"\n}"
    },
    {
      "timestamp": "2026-04-28T11:12:24.830Z",
      "source_url": "https://www.congress.gov/119/bills/hr8395/BILLS-119hr8395ih.htm",
      "model": "gemini-flash-latest",
      "prompt_sent": "\nJesteś ekspertem od prawa Stanów Zjednoczonych, który ma za zadanie analizować dokumenty ustaw, uchwał oraz innych dokumentów legislacyjnych, a następnie przygotowywać z nich informacje w przystępny sposób dla obywateli. Twoim celem jest przedstawienie informacji tak, aby obywatele mogli sami ocenić wpływ legislacji na ich życie, nawet bez posiadania specjalistycznej wiedzy legislacyjnej. Skup się na faktach i obiektywnych skutkach wprowadzanych zmian, unikając wartościowania i osobistych opinii. Wszelki żargon prawny jest zabroniony. Prezentuj informacje w jasny, zwięzły i angażujący sposób, tak aby były zrozumiałe dla osoby bez wykształcenia prawniczego. Unikaj długich, złożonych zdań. Zamiast pisać \"projekt ma na celu nowelizację kodeksu podatkowego...\", napisz \"Zmiany w podatkach: nowe ulgi i obowiązki dla...\". Kontynuuj swoją pracę, dopóki nie rozwiążesz swojego zadania. Jeśli nie masz pewności co do generowanej treści, przeanalizuj dokument ponownie – nie zgaduj. Rozplanuj dobrze swoje zadanie przed przystąpieniem do niego. W podsumowaniu i kluczowych punktach, jeśli to możliwe i uzasadnione, podkreśl, jakie konkretne korzyści lub skutki (pozytywne lub negatywne) wprowadza ustawa dla życia codziennego obywateli, ich praw i obowiązków, finansów osobistych, bezpieczeństwa i innych ważnych kwestii (np. kategorycznych zakazów i nakazów czy najważniejszych konkretnych alokacji finansowych i terytorialnych).\n\nTwoja odpowiedź MUSI być w formacie JSON - i zawierać następujące klucze.\nZanim zwrócisz odpowiedź, dokładnie zweryfikuj, czy cała struktura JSON jest w 100% poprawna, włącznie ze wszystkimi przecinkami, nawiasami klamrowymi, kwadratowymi oraz cudzysłowami. Błędny JSON jest nieakceptowalny i uniemożliwi przetworzenie Twojej pracy.\n\nPrzeanalizuj dokładnie poniższy tekst dokumentu prawnego. To jest treść, na podstawie której masz wygenerować podsumowanie i kluczowe punkty:\n--- POCZĄTEK DOKUMENTU ---\n[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 8395 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 8395 To provide for the regulation of registered covered providers, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES April 21, 2026 Mrs. Kim (for herself and Mr. Liccardo) introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To provide for the regulation of registered covered providers, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Payments Access and Consumer Efficiency Act of 2026'' or the ``PACE Act of 2026''. SEC. 2. DEFINITIONS. In this Act: (1) Board.--The term ``Board of Governors'' means the Board of Governors of the Federal Reserve System. (2) Comptroller.--The term ``Comptroller'' means the Comptroller of the Currency. (3) Covered provider.--The term ``covered provider'' means a person that provides payment services and-- (A) holds at least 40 active money transmitter licenses issued in accordance with the laws of each applicable State in which the applicant seeks to offer such payment services; (B) holds a depository institution (as defined in section 3(c) of the Federal Deposit Insurance Act (12 U.S.C. 1813(c))) charter from the State in which the applicant seeks to offer such payment services; or (C) holds a State credit union (as defined in section 101 of the Federal Credit Union Act (12 U.S.C. 1752)) charter from the State in which the applicant seeks to offer such payment services. (4) Covered state regulator.--The term ``covered State regulator'' means a State agency that has issued a charter or license to a registered covered provider. (5) Deposit.--The term ``deposit'' has the meaning given in section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813). (6) Insured depository institution.--The term ``insured depository institution'' has the meaning given in section 2 of the GENIUS Act (12 U.S.C. 5901). (7) Monetary value.--The term ``monetary value'' means a medium of exchange. (8) Outstanding payment obligations.--The term ``outstanding payment obligations'' means the amount of payment service obligations incurred by a registered covered provider but not yet paid. (9) Payment instrument.--The term ``payment instrument'' means a physical or electronic check, draft, money order, traveler's check, or card or other means of access to an account or other instrument for the transmission or payment of monetary value. The term does not include stored value. (10) Payment service.--The term ``payment service''-- (A) means-- (i) receiving monetary value for transmission or transmitting monetary value; (ii) receiving monetary value from a payor on behalf of a payee for goods or services provided by the payee; (iii) selling or issuing stored value; (iv) selling or issuing payment instruments; and (v) providing access or custody services with respect to monetary value; and (B) does not include the provision solely of online or telecommunications services or network access. (11) Payments reserve account.--The term ``payments reserve account'' means an account held at a Federal reserve bank that includes access to Fedwire Funds Service, FedNow Service, and FedACH Services (including access to necessary relevant contingent services, as determined by the Board of Governors of the Federal Reserve System). (12) Registered covered provider.--The term ``registered covered provider'' means a covered provider that has registered with the Comptroller in accordance with the requirements of this Act. (13) State.--The term ``State'' means each State of the United States, the District of Columbia, and each territory or possession of the United States. (14) Stored value.--The term ``stored value'' has the meaning given in section 1002(28) of the Consumer Financial Protection Act of 2010 (12 U.S.C. 5481(28)). SEC. 3. FEDERAL REGISTRATION OF ELIGIBLE STATE PAYMENT SERVICE PROVIDERS. (a) Registration of Payment Service Providers.-- (1) Registration.--A covered provider may submit an application to register with the Comptroller to become a registered covered provider. (2) Evaluation.--The Comptroller shall evaluate an application received under paragraph (1) using only the factors specified under paragraph (3). (3) Factors.--The factors specified in this paragraph are the following: (A) The applicant is limited to engaging in activities that directly support or are incidental to the provision of payment services. (B) The applicant is able to meet the requirements of sections 4 and 5. (C) The applicant has adequate financial resources, managerial or technical expertise, and a governance system tailored to the business model and risk profile of the covered provider. (D) The applicant is able to comply with the requirements of the Bank Secrecy Act (as defined in section 2 of the GENIUS Act (12 U.S.C. 5901)). (E) The applicant demonstrates benefit to the public, including with respect to innovation, competition, and enabling widespread access and use of payment services. (F) The applicant is not a designated financial market utility (as defined in section 803(4) of the Payment, Clearing, and Settlement Supervision Act of 2010 (12 U.S.C. 5462(4))). (4) Holders of money transmitter licenses.--A covered provider described in section 2(3)(A) that becomes a registered covered provider under this Act may provide payment services in any State. (b) Timing for Decision; Grounds for Denial.-- (1) Initial applications.--With respect to an application under subsection (a) received during the 180-day period beginning on the date of the enactment of this Act, the Comptroller shall notify each applicant, not later than 180 days after the receipt of such application-- (A) that the application is complete; or (B) that the application is incomplete and the specific information required for the application to be considered complete. (2) Extension.--The Comptroller may extend the period described in paragraph (1) by an additional 60 days. (3) Subsequent applications.--With respect to an application received after the end of the period described in paragraph (1) (including any extension made under paragraph (2)), the Comptroller shall provide the notification required under such paragraph to each applicant not later than 30 days after receiving such application. (4) Decision.--Not later than 180 days after notifying the applicant that an application is complete, the Comptroller shall notify the applicant of whether the Comptroller approved or denied such application. If the Comptroller fails to submit a notification with such 180-day period, such application shall be deemed to be approved. (5) Denial.-- (A) Grounds for denial.--The Comptroller may deny a complete application received under subsection (a) only if the Comptroller determines the factors described in subsection (a)(3) are not satisfied. (B) Explanation required.--The Comptroller shall provide each applicant of a complete application that was denied a written notice explaining such denial, including all findings made by the Comptroller with respect to the factors described in subsection (a)(3). (c) Revocation.--The Comptroller shall establish, by rule, a process by which the Comptroller may review and revoke a registration granted under this section to a covered provider if the Comptroller determines the factors described in subsection (a)(3) are not satisfied. Such process shall include a process for providing notice to the covered provider and a process for review of the decision to revoke a registration. SEC. 4. CUSTOMER PROTECTION STANDARDS. (a) Reserve Standards.-- (1) In general.--A registered covered provider shall maintain identifiable reserves backing outstanding payment obligations on at least a 1 to 1 basis, with reserves comprising-- (A) United States coins and currency (including Federal Reserve notes) or money standing to the credit of an account with a Federal Reserve Bank; (B) funds held as demand deposits (or other deposits that may be withdrawn upon request at any time) or insured shares at an insured depository institution (including any foreign branches or agents, including correspondent banks, of an insured depository institution), subject to limitations established by the Corporation and the National Credit Union Administration, as applicable, to address safety and soundness risks of such insured depository institution; (C) funds in transit to the registered covered provider that are owed by an insured depository institution or another registered covered provider, including funds from the automated clearinghouse system or funds receivable from a payment instrument; (D) Treasury bills, notes, or bonds-- (i) with a remaining maturity of 93 days or less; or (ii) issued with a maturity of 93 days or less; (E) money received under repurchase agreements, with the registered covered provider acting as a seller of securities and with an overnight maturity, that are backed by Treasury bills with a maturity of 93 days or less; (F) reverse repurchase agreements, with the registered covered provider acting as a purchaser of securities and with an overnight maturity, that are collateralized by Treasury notes, bills, or bonds on an overnight basis, subject to overcollateralization in line with standard market terms, that are-- (i) tri-party; (ii) centrally cleared through a clearing agency registered with the Securities and Exchange Commission; or (iii) bilateral with a counterparty that the issuer has determined to be adequately creditworthy even in the event of severe market stress; (G) securities issued by an investment company registered under section 8(a) of the Investment Company Act of 1940 (15 U.S.C. 80a-8(a)), or other registered Government money market fund, and that are invested solely in underlying assets described in subparagraphs (A) through (F); (H) any other similarly liquid Federal Government- issued asset approved by the Comptroller; or (I) any reserve described in subparagraphs (A) through (D) or subparagraphs (G) through (H) in tokenized form, provided that such reserves comply with all applicable laws and regulations. (2) Prohibition on rehypothecation.--Reserves described under paragraph (1) may not be pledged, rehypothecated, or reused, except for the purposes described in section 4(a)(2) of the GENIUS Act (12 U.S.C. 5903(a)(2)). (3) Segregation requirement for access or custody services.--A registered covered provider providing access or custody services for monetary value shall segregate and separately account for such monetary value and may not commingle such monetary value with the assets of such provider. (b) Recordkeeping Standards.-- (1) In general.--A registered covered provider shall maintain records of-- (A) outstanding payment obligations of the provider with respect to each customer of the provider; and (B) reserves held pursuant to subsection (a). (2) Access or custody services.--A registered covered provider that provides access or custody services for monetary value shall maintain beneficial ownership records with respect to each applicable account and customer. SEC. 5. RISK MANAGEMENT STANDARDS AND FAIR ACCESS. (a) In General.--The Comptroller shall ensure that a registered covered provider shall be subject to the capital, liquidity, and risk management regulations issued pursuant to section 4(a)(4) of the GENIUS Act (12 U.S.C. 5903(a)(4)) in a similar manner that such regulations apply to a permitted payment stablecoin issuer (as defined in section 2 of such Act (12 U.S.C. 5901)), where such regulations are tailored to the business model and risk profile of the registered covered provider. (b) Fair Access Obligation.--A registered covered provider-- (1) shall be subject to the requirements of the Equal Credit Opportunity Act (15 U.S.C. 1691 et seq.) in the same manner as a creditor under such Act; (2) may not deny access to payment services to an individual because of the individual's constitutionally or statutorily protected beliefs, affiliations, or political views; (3) may not cancel a payment services account of an individual as a tool to inhibit such beliefs, affiliations, or political views; and (4) shall make all business decisions with respect to the provision of payment services on the basis of individualized, objective, and risk-based analyses. SEC. 6. EXAMINATIONS, CONTRACTED SERVICES, AND ENFORCEMENT. (a) In General.--The Comptroller may make examinations of a registered covered provider with respect to the following: (1) The nature of the operations and financial condition of the registered covered provider. (2) The financial, operational, and other risks that may pose a threat to-- (A) the safety and soundness of the registered covered provider; or (B) the stability of the financial system of the United States. (3) The systems of the registered covered provider for monitoring and controlling the risks described in paragraph (2). (4) The compliance of the registered covered provider with the requirements of Federal consumer financial law (as defined in section 1002 of Consumer Financial Protection Act of 2010 (12 U.S.C. 5481)), including by-- (A) obtaining information about the activities and compliance systems or procedures of such provider; and (B) detecting and assessing risks to consumers and to markets for consumer financial products and services (as defined in such section 1002). (b) Contracted Services.-- (1) In general.--Whenever a registered covered provider relies on or contracts for any services or activities that are directly related to and are critical to the provision of payment services by the registered covered provider-- (A) the person that performs such services or activities shall be subject to regulation and supervision by the Comptroller to the same extent as if such services were being performed by the registered covered provider; and (B) the registered covered provider shall notify the Comptroller of any relationship between the provider and the person that performs such services or activities not later than 30 days after the date which is the earlier of the date on which-- (i) such provider and such person enter into a contract for provision of such services or activities; or (ii) such person begins performance of such service or activity. (c) Enforcement.--The Comptroller may enforce the requirements of sections 4 and 5 of this Act against a registered covered provider and take such actions against such provider as permitted under section 8 of the Federal Deposit Insurance Act (12 U.S.C. 1818), as if such provider was an insured depository institution. SEC. 7. REPORTS. (a) Submission of Reports.--At the frequency established by the Comptroller, a registered provider shall submit to the Comptroller a report relating to-- (1) the financial condition of the registered covered provider; (2) compliance by the registered covered provider with the requirements of this Act and other applicable laws relating to the provision of payment services; and (3) any other information the Comptroller may reasonably require with respect to the registered covered provider and the scope of the provision of payment services of such provider. (b) Existing Reports.--To comply with the requirements of this section, the Comptroller shall, to the maximum extent practicable, use existing reports and other supervisory information and avoid duplication of examination activities, reporting requirements, and requests for information. SEC. 8. PRIORITY FOR CUSTOMERS OF REGISTERED COVERED PROVIDERS. (a) Nonbank Provider Defined.--In this section, the term ``nonbank provider'' means a registered covered provider that is not an insured depository institution (as defined in section 2 of the GENIUS Act (12 U.S.C. 5901)). (b) Exclusion From Bankruptcy.--A nonbank provider shall not be treated as a debtor for purposes of chapter 7 or chapter 11 of title 11, United States Code. (c) Insolvency Standards.-- (1) In general.--A nonbank provider shall be eligible to be subject to an insolvency proceeding administered by a covered State regulator. (2) Appointment.--Notwithstanding any other provision of Federal law or the law of any State, the Comptroller may be appointed by the covered State regulator to act as conservator or receiver for such a nonbank provider, pursuant to such rules issued by the Comptroller. (3) Backup authority.--If, with respect to an insolvent nonbank provider, a State does not promptly initiate an insolvency proceeding beginning on the date the nonbank provider becomes insolvent, the Comptroller shall initiate such insolvency proceeding. For purposes of this paragraph, the Comptroller shall issue such rules as necessary to define ``promptly''. (d) Priority.--To the extent that a customer may hold balances with a nonbank provider, amounts realized from the liquidation or other resolution of the nonbank provider by the covered State regulator or the Comptroller (whichever is acting as a conservator or receiver under this section) shall be distributed to pay claims (other than secured claims to the extent of any such security) in the following order of priority: (1) Administrative expenses of the conservator or receiver. (2) Outstanding payment obligations to customers. (3) Any other general or senior liability of the nonbank provider. (4) Any obligation subordinated to liabilities described in paragraphs (2) and (3) not described in paragraph (5). (5) Any obligation to shareholders or members of the nonbank provider arising as a result of their status as shareholders or members. (e) Custodial Assets.--Monetary value maintained in connection with access or custody services, properly segregated from the nonbank provider's proprietary assets, are not general assets of the nonbank provider subject to the priority set forth in subsection (d). Any shortfall in custodial assets shall have the same priority as outstanding payment obligations to customers under subsection (d)(2). (f) Additional Powers.--In addition to and not in derogation of the powers conferred and the duties imposed by this Act on the Comptroller or a State as conservator or receiver of a nonbank provider, the Comptroller or State, as applicable, shall have such additional powers and duties with respect to the nonbank provider as imposed on a conservator or receiver of an insured depository institution under any other provision of law. SEC. 9. ACCESS TO PAYMENTS RESERVE ACCOUNTS. (a) Access.--To obtain access to a payments reserve account in the same manner and to the same extent as such access would be granted to an insured depository institution, a registered covered provider may submit a request to the Board of Governors for such access. (b) Approval.--The Board of Governors shall approve or deny such a request not later than 120 days after receipt of such request, which period may be extended by an additional 60 days. If the Board of Governors fails to act on such a request within such period, the request shall be deemed to be approved. (c) Enforcement Authority in Unusual and Exigent Circumstances.-- (1) In general.--In unusual and exigent circumstances, the Board of Governors may issue a directive that has the effect of a cease and desist order against a registered covered provider that uses a payments reserve account for purposes of noncompliance with requirements of sections 4 and 5 of this Act, if the Board of Governors submits a written notice to the covered State regulator and the Comptroller not less than 48 hours before issuing such directive. (2) Unusual and exigent circumstances defined.--Not later than 180 days after the date of the enactment of this Act and in consultation with the Conference of State Bank Supervisors, the Board of Governors shall issue rules to define the term ``unusual and exigent circumstances'' for purposes of paragraph (1). (3) Review.-- (A) Administrative review.-- (i) In general.--After a directive described in paragraph (1) has been issued with respect to a registered covered provider, such registered covered provider may object and present to the Board of Governors, in writing, the reasons why the directive should be modified or rescinded. (ii) Automatic lapse of directive.--If, not later than 10 days after the receipt of a response described in clause (i), the Board of Governors does not affirm, modify, or rescind the directive, the directive shall automatically lapse. (B) Judicial review.-- (i) In general.--If the Board of Governors affirms or modifies a directive pursuant to subparagraph (A), any affected party may immediately thereafter petition the United States district court for the district in which the main office of the affected party is located, or in the United States District Court for the District of Columbia, to stay, modify, terminate, or set aside the directive. (ii) Relief for extraordinary cause.--Upon a showing of extraordinary cause, an affected party may petition for relief under clause (i) without first pursuing or exhausting the administrative review under subparagraph (A). SEC. 10. EFFECT ON SECURITIES LAWS. (a) Investment Advisors Act of 1940.--Section 202(a)(18) of the Investment Advisers Act of 1940 (15 U.S.C. 80b-2(a)(18)) is amended by adding at the end the following: ``The term `security' does not include a balance with a registered covered provider, as such term is defined in section 2 of the PACE Act of 2026.''. (b) Investment Company Act of 1940.--Section 2(a)(36) of the Investment Company Act of 1940 (15 U.S.C. 80a-2(a)(36)) is amended by adding at the end the following: ``The term `security' does not include a balance with a registered covered provider, as such term is defined in section 2 of the PACE Act of 2026.''. (c) Securities Act of 1933.--Section 2(a)(1) of the Securities Act of 1933 (15 U.S.C. 77b(a)(1)) is amended by adding at the end the following: ``The term `security' does not include a balance with a registered covered provider, as such term is defined in section 2 of the PACE Act of 2026.''. (d) Securities Exchange Act of 1934.--Section 3(a)(10) of the Securities Exchange Act of 1934 (15 U.S.C. 78c(a)(10)) is amended by adding at the end the following: ``The term `security' does not include a balance with a registered covered provider, as such term is defined in section 2 of the PACE Act of 2026.''. (e) Securities Investor Protection Act of 1970.--Section 16(14) of the Securities Investor Protection Act of 1970 (15 U.S.C. 78lll(14)) is amended by adding at the end the following: ``The term `security' does not include a balance with a registered covered provider, as such term is defined in section 2 of the PACE Act of 2026.''. <all>\n--- KONIEC DOKUMENTU ---\n\nPAMIĘTAJ: Twoja odpowiedź MUSI być wyłącznie poprawnym obiektem JSON. Nie dodawaj żadnych dodatkowych znaków, komentarzy ani tekstu przed znacznikiem '{' ani po znaczniku '}'. Cała odpowiedź musi być parsowalna jako JSON.\nNa podstawie POWYŻSZEGO dokumentu, wypełnij poniższą strukturę JSON:\nOto struktura JSON, której oczekuję (wypełnij ją treścią):\n{\n  \"pl_ai_title\": \"Nowy, krótki tytuł dla aktu prawnego po polsku, oddający sedno wprowadzanych zmian (np. maksymalnie 10-12 słów).\",\n  \"pl_summary\": \"2-3 zdania zwięzłego podsumowania treści aktu prawnego po polsku, napisane z perspektywy wpływu na życie codzienne obywateli.\",\n  \"pl_key_points\": [\n    \"Pierwszy krótki punkt po polsku dotyczący najważniejszych wprowadzanych rozwiązań lub zmian.\",\n    \"Drugi krótki punkt po polsku...\"\n  ],\n  \"eng_ai_title\": \"A new, short title for the legal act in English, capturing the essence of the changes (e.g., max 10-12 words).\",\n  \"eng_summary\": \"2-3 sentences summarizing the legal act in English, from the perspective of its impact on citizens' daily lives.\",\n  \"eng_key_points\": [\n    \"First short bullet point in English regarding the most important solutions or changes being introduced.\",\n    \"Second short bullet point in English...\"\n  ],\n  \"de_ai_title\": \"Ein neuer, kurzer Titel für das Rechtsdokument auf Deutsch, der den Kern der Änderungen erfasst (z.B. max. 10-12 Wörter).\",\n  \"de_summary\": \"2-3 Sätze Zusammenfassung des Rechtsdokuments auf Deutsch, aus der Perspektive seiner Auswirkungen auf das tägliche Leben der Bürger.\",\n  \"de_key_points\": [\n    \"Erster kurzer Stichpunkt auf Deutsch zu den wichtigsten eingeführten Lösungen oder Änderungen.\",\n    \"Zweiter kurzer Stichpunkt auf Deutsch...\"\n  ],\n  \"fr_ai_title\": \"Un nouveau titre court pour l'acte juridique en français, saisissant l'essence des changements (par exemple, 10-12 mots maximum).\",\n  \"fr_summary\": \"Résumé de 2-3 phrases de l'acte juridique en français, du point de vue de son impact sur la vie quotidienne des citoyens.\",\n  \"fr_key_points\": [\n    \"Premier court point en français concernant les solutions ou changements les plus importants introduits.\",\n    \"Deuxième court point en français...\"\n  ],\n  \"es_ai_title\": \"Un nuevo título breve para el acto jurídico en español, que recoja la esencia de los cambios (por ejemplo, máximo 10-12 palabras).\",\n  \"es_summary\": \"Resumen de 2-3 frases del acto jurídico en español, desde la perspectiva de su impacto en la vida cotidiana de los ciudadanos.\",\n  \"es_key_points\": [\n    \"Primer punto breve en español sobre las soluciones o cambios más importantes que se introducen.\",\n    \"Segundo punto breve en español...\"\n  ],\n  \"it_ai_title\": \"Un nuovo titolo breve per l'atto giuridico in italiano, che colga l'essenza delle modifiche (ad es. massimo 10-12 parole).\",\n  \"it_summary\": \"Riepilogo di 2-3 frasi dell'atto giuridico in italiano, dal punto di vista del suo impatto sulla vita quotidiana dei cittadini.\",\n  \"it_key_points\": [\n    \"Primo breve punto in italiano riguardante le soluzioni o le modifiche più importanti introdotte.\",\n    \"Secondo breve punto in italiano...\"\n  ],\n  \"nl_ai_title\": \"Een nieuwe, korte titel voor de rechtshandeling in het Nederlands, die de essentie van de wijzigingen weergeeft (bijv. max. 10-12 woorden).\",\n  \"nl_summary\": \"Samenvatting van 2-3 zinnen van de rechtshandeling in het Nederlands, vanuit het perspectief van de impact op het dagelijks leven van burgers.\",\n  \"nl_key_points\": [\n    \"Eerste korte punt in het Nederlands betreffende de belangrijkste geïntroduceerde oplossingen of wijzigingen.\",\n    \"Tweede korte punt in het Nederlands...\"\n  ],\n  \"pt_ai_title\": \"Um novo título curto para o ato jurídico em português, capturando a essência das mudanças (por exemplo, máx. 10-12 palavras).\",\n  \"pt_summary\": \"Resumo de 2-3 frases do ato jurídico em português, na perspetiva do seu impacto na vida quotidiana dos cidadãos.\",\n  \"pt_key_points\": [\n    \"Primeiro ponto curto em português sobre as soluções ou alterações mais importantes introduzidas.\",\n    \"Segundo ponto curto em português...\"\n  ],\n  \"category\": [\"Categorize the document into one category by default, based on the field it primarily concerns. Choose up to 3 if the document also touches upon SIGNIFICANT issues from other categories. You MUST select categories ONLY from the following list: Health, Education, Family, Taxes, Labor, Security, Environment, Courts and Law, Transport, Benefits, Real Estate, Media and Culture, Local Government, Migration, Agriculture, Public Investments, Informatization, Economy. If the document does not definitively fit any of these, you MUST use \"Other\". If you use \"Other\", it should be the ONLY category selected. Do NOT invent new categories. The response must be an array of strings, e.g., [\"Taxes\", \"Family\"].\"]\n}\n\n",
      "ai_response_raw": "{\n  \"pl_ai_title\": \"Ustawa PACE 2026: Lepsza ochrona Twoich pieniędzy w usługach płatniczych\",\n  \"pl_summary\": \"Nowe przepisy wprowadzają ogólnokrajowe standardy dla firm zajmujących się przesyłaniem pieniędzy i portfelami cyfrowymi. Ustawa gwarantuje, że Twoje środki będą bezpieczniejsze dzięki obowiązkowym rezerwom finansowym i zakazowi dyskryminacji użytkowników.\",\n  \"pl_key_points\": [\n    \"Firmy płatnicze muszą posiadać bezpieczne zabezpieczenie (np. w gotówce) dla każdej złotówki wpłaconej przez klienta.\",\n    \"Zakaz wykorzystywania pieniędzy klientów przez firmy do ich własnych inwestycji lub celów biznesowych.\",\n    \"Firmy nie mogą odmawiać usług ani zamykać kont ze względu na poglądy polityczne lub religijne klientów.\",\n    \"W przypadku bankructwa firmy, klienci mają pierwszeństwo w odzyskaniu swoich pieniędzy przed innymi wierzycielami.\",\n    \"Uproszczenie przepisów pozwoli nowoczesnym firmom płatniczym łatwiej oferować usługi w całym kraju.\"\n  ],\n  \"eng_ai_title\": \"PACE Act 2026: Enhanced Protection for Your Money in Payment Services\",\n  \"eng_summary\": \"This Act establishes nationwide standards for money transfer and digital wallet companies to better protect customer funds. It ensures your money is safer through mandatory financial reserves and prohibits discrimination against users.\",\n  \"eng_key_points\": [\n    \"Payment providers must maintain 1:1 reserves in safe assets like cash or Treasury bills for all customer funds.\",\n    \"Companies are strictly forbidden from using customer money for their own business investments or risks.\",\n    \"Providers cannot deny services or cancel accounts based on a customer's political or religious beliefs.\",\n    \"In the event of a company's failure, customers are prioritized to get their money back first.\",\n    \"Streamlined federal rules allow payment companies to offer their services more easily across all states.\"\n  ],\n  \"de_ai_title\": \"PACE-Gesetz 2026: Besserer Schutz für Ihr Geld bei Zahlungsdiensten\",\n  \"de_summary\": \"Dieses Gesetz führt landesweite Standards für Geldtransferunternehmen und digitale Geldbörsen ein, um Kundengelder besser zu schützen. Es stellt sicher, dass Ihr Geld durch verpflichtende Reserven abgesichert ist und verbietet Diskriminierung.\",\n  \"de_key_points\": [\n    \"Zahlungsanbieter müssen Kundengelder zu 100 % durch sichere Anlagen wie Bargeld oder Staatsanleihen decken.\",\n    \"Unternehmen dürfen Kundengelder nicht für eigene Investitionen oder geschäftliche Risiken verwenden.\",\n    \"Dienstleistungen dürfen nicht aufgrund politischer oder religiöser Überzeugungen verweigert oder Konten gekündigt werden.\",\n    \"Im Falle einer Insolvenz haben Kunden Vorrang bei der Rückzahlung ihres Geldes vor anderen Gläubigern.\",\n    \"Vereinfachte Regeln ermöglichen es Zahlungsunternehmen, ihre Dienste leichter im ganzen Land anzubieten.\"\n  ],\n  \"fr_ai_title\": \"Loi PACE 2026 : Protection renforcée de votre argent dans les services de paiement\",\n  \"fr_summary\": \"Cette loi établit des normes nationales pour les sociétés de transfert d'argent et de portefeuilles numériques afin de mieux protéger les fonds des clients. Elle garantit la sécurité de votre argent via des réserves obligatoires et interdit la discrimination.\",\n  \"fr_key_points\": [\n    \"Les prestataires doivent maintenir des réserves de 1 pour 1 en actifs sûrs pour tous les fonds des clients.\",\n    \"Interdiction stricte pour les entreprises d'utiliser l'argent des clients pour leurs propres investissements ou risques.\",\n    \"Les prestataires ne peuvent pas refuser de services ou fermer des comptes en raison des opinions politiques ou religieuses.\",\n    \"En cas de faillite de l'entreprise, les clients sont prioritaires pour récupérer leur argent.\",\n    \"Des règles simplifiées permettent aux entreprises de paiement d'offrir plus facilement leurs services dans tout le pays.\"\n  ],\n  \"es_ai_title\": \"Ley PACE 2026: Mayor protección para su dinero en servicios de pago\",\n  \"es_summary\": \"Esta ley establece estándares nacionales para las empresas de transferencia de dinero y billeteras digitales para proteger mejor los fondos de los clientes. Garantiza que su dinero esté más seguro mediante reservas obligatorias y prohíbe la discriminación.\",\n  \"es_key_points\": [\n    \"Los proveedores de pago deben mantener reservas 1:1 en activos seguros por cada dólar de los clientes.\",\n    \"Se prohíbe estrictamente a las empresas usar el dinero de los clientes para sus propias inversiones o riesgos comerciales.\",\n    \"No se pueden denegar servicios ni cancelar cuentas basándose en las creencias políticas o religiosas del cliente.\",\n    \"En caso de quiebra de la empresa, los clientes tienen prioridad absoluta para recuperar su dinero.\",\n    \"Reglas federales simplificadas facilitan que las empresas de pago operen en todos los estados del país.\"\n  ],\n  \"it_ai_title\": \"Legge PACE 2026: Maggiore protezione per il tuo denaro nei servizi di pagamento\",\n  \"it_summary\": \"Questa legge stabilisce standard nazionali per le società di trasferimento di denaro e portafogli digitali per proteggere meglio i fondi dei clienti. Garantisce la sicurezza del denaro tramite riserve obbligatorie e vieta la discriminazione.\",\n  \"it_key_points\": [\n    \"I fornitori di servizi di pagamento devono garantire i fondi dei clienti al 100% con attività sicure come i titoli di Stato.\",\n    \"Divieto assoluto per le aziende di utilizzare il denaro dei clienti per i propri investimenti o rischi aziendali.\",\n    \"I fornitori non possono negare servizi o chiudere conti a causa delle opinioni politiche o religiose dei clienti.\",\n    \"In caso di fallimento della società, i clienti hanno la priorità nel recupero dei propri fondi.\",\n    \"Regole semplificate permettono alle società di pagamento di offrire servizi più facilmente in tutti gli stati.\"\n  ],\n  \"nl_ai_title\": \"PACE-wet 2026: Betere bescherming van uw geld bij betalingsdiensten\",\n  \"nl_summary\": \"Deze wet voert landelijke normen in voor geldtransferbedrijven en digitale portefeuilles om klantengelden beter te beschermen. Het zorgt voor meer veiligheid via verplichte reserves en verbiedt discriminatie van gebruikers.\",\n  \"nl_key_points\": [\n    \"Betalingsproviders moeten klantengelden 1-op-1 dekken met veilige activa zoals contant geld of staatsobligaties.\",\n    \"Bedrijven mogen klantengeld absoluut niet gebruiken voor eigen investeringen of zakelijke risico's.\",\n    \"Diensten mogen niet worden geweigerd op basis van de politieke of religieuze overtuigingen van een klant.\",\n    \"Bij een faillissement van het bedrijf krijgen klanten als eerste hun geld terug.\",\n    \"Vereenvoudigde regels maken het voor betalingsbedrijven makkelijker om hun diensten landelijk aan te bieden.\"\n  ],\n  \"pt_ai_title\": \"Lei PACE 2026: Proteção reforçada para o seu dinheiro em serviços de pagamento\",\n  \"pt_summary\": \"Esta lei estabelece normas nacionais para empresas de transferência de dinheiro e carteiras digitais para proteger melhor os fundos dos clientes. Garante maior segurança através de reservas obrigatórias e proíbe a discriminação.\",\n  \"pt_key_points\": [\n    \"Os prestadores de pagamentos devem manter reservas de 1 para 1 em ativos seguros para todos os fundos dos clientes.\",\n    \"As empresas estão proibidas de utilizar o dinheiro dos clientes para os seus próprios investimentos ou riscos comerciais.\",\n    \"Não é permitido negar serviços ou cancelar contas com base em crenças políticas ou religiosas dos clientes.\",\n    \"Em caso de falência da empresa, os clientes têm prioridade no reembolso do seu dinheiro.\",\n    \"Regras federais simplificadas permitem que as empresas de pagamento operem mais facilmente em todos os estados.\"\n  ],\n  \"category\": [\"Economy\", \"Security\"]\n}"
    }
  ]
}