A Bold Step Forward This week, the United States Senate passed the bipartisan Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act – legislation I cosponsored and championed as it advanced through the Senate. The GENIUS Act – which is led by Senator Bill Hagerty (R-Tenn.) and also cosponsored by Senator Kirsten Gillibrand (D-N.Y.), Senator Cynthia Lummis (R-Wyo.), and Senator Angela Alsobrooks (D-Md.) – establishes a first of its kind regulatory framework for payment stablecoins, protecting consumers and strengthening national security. This is a bold step forward – not just for financial innovation, but for American leadership, consumer protection, and economic opportunity. Read more about the legislation here! Prioritizing the Best Value The cheapest option doesn’t always best serve the interest of the government, even when we are working to be fiscally responsible. That’s why I introduced the Value Over Cost Act, which prioritizes the best value available instead of just the lowest cost alternative when choosing products or services for the federal government. This legislation would allow the Administrator of General Services to consider factors of quality and performance instead of only the lowest price. Read more about the bill here! |