PACE Act of 2026
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill adds or tightens a compliance mandate, definition change provision: 2, expands a grant, compliance mandate, definition change provision: 3. Federal registration of eligible state payment service providers A covered provider may submit an application to register with the Comptroller, and adds or tightens a compliance mandate, product standard, delegation of rulemaking provision: 4. It relies on compliance mandates, definition changes, grants, and product standards. The main policy areas are Finance, Energy, and Environment.
Who Benefits and How
The available clause analysis does not identify a specific beneficiary group.
Who Bears the Burden and How
No clear private burden is identified from the available clause analysis; implementing agencies may still take on administrative work.
Key Provisions
- Adds or tightens a compliance mandate, definition change provision: 2.
- Expands a grant, compliance mandate, definition change provision: 3. Federal registration of eligible state payment service providers A covered provider may submit an application to register with the Comptroller...
- Adds or tightens a compliance mandate, product standard, delegation of rulemaking provision: 4.
- Adds or tightens a compliance mandate, product standard, definition change provision: 5.
- Adds or tightens a compliance mandate, procurement, definition change provision: 6.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for primary purpose and policy domains.
At a Glance
What This Bill Does
The bill adds or tightens a compliance mandate, definition change provision: 2, expands a grant, compliance mandate, definition change provision: 3. Federal registration of eligible state payment service providers A covered provider may submit an application to register with the Comptroller, and adds or tightens a compliance mandate, product standard, delegation of rulemaking provision: 4.
Key Policy Areas
Finance, Energy, Environment
Primary Purpose
The bill adds or tightens a compliance mandate, definition change provision: 2, expands a grant, compliance mandate, definition change provision: 3. Federal registration of eligible state payment service providers A covered provider may submit an application to register with the Comptroller, and adds or tightens a compliance mandate, product standard, delegation of rulemaking provision: 4.
Policy Domains
Sponsors
Legislative Progress
In CommitteeReferred to the House Committee on Financial Services.
Introduced in House
Mrs. Kim (for herself and Mr. Liccardo) introduced the following …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_commission"
- → The commission identified in the operative section
Key Definitions
Terms defined in this bill
a person that provides payment services and— 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
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology