House Bill
HB 1217
Regulation of stablecoin.
In plain English
Bars approved stablecoin issuers from paying interest or other benefits to people who hold or use their coins. Requires a state license to issue a payment stablecoin in Indiana and, starting July 1, 2028, bars digital asset service providers from selling unlicensed ones, with some exceptions. Gives the department of financial institutions oversight, sets penalties, and makes other changes.
Written by AI from the official digest below, and checked only by automated rules. If they differ, the official digest and bill text control.
Official digest
Prohibits a permitted payment stablecoin issuer or foreign payment stablecoin issuer from: (1) paying interest or any other type of yield; or (2) providing any other economic benefit; to a person in connection with the person's holding, use, or retention of a payment stablecoin. Provides that: (1) a payment stablecoin may be issued in Indiana only by a licensed payment stablecoin issuer; and (2) beginning July 1, 2028, subject to specified exceptions, a digital asset service provider may not offer or sell a payment stablecoin in Indiana that is not issued by a licensed payment stablecoin issuer. Requires the department of financial institutions (department) to: (1) administer licensure of persons to act as payment stablecoin issuers; and (2) regulate and supervise licensed payment stablecoin issuers. Establishes requirements for licensure as a payment stablecoin issuer and a process by which an applicant for licensure may appeal denial of the applicant's application. Imposes reporting requirements for licensed payment stablecoin issuers. Specifies powers of the department in regulating and supervising licensed payment stablecoin issuers. Specifies civil and criminal penalties for violations. Provides for priority of claims in an insolvency action regarding a licensed payment stablecoin issuer.
Latest action: Committee report: do pass, adopted, February 19, 2026Full text and history at iga.in.gov
Authors and sponsors
Co-authors and co-sponsors: Jake Teshka, Chris Judy
Roll-call votes
1 recorded vote, oldest first. Third-reading votes decide whether a bill passes a chamber; amendment votes and procedural motions are listed too.
House · Jan 20, 2026
Third reading: vote to pass
Roll call text: HB 1217 - Pierce K - 3rd Reading
Passed
67 yes23 no10 did not vote
Republicans: 58 yes, 4 no, 7 did not voteDemocrats: 8 yes, 19 no, 3 did not voteIndependents: 1 yes, 0 no
How each member voted
Yes (67)
- Alaina Shonkwiler (R)
- Alex Zimmerman (R)
- Beau Baird (R)
- Becky Cash (R)
- Ben Smaltz (R)
- Blake Johnson (D)
- Bob Behning (R)
- Bob Heaton (R)
- Bob Morris (R)
- Brad Barrett (R)
- Bruce Borders (R)
- Carey Hamilton (D)
- Chris Jeter (R)
- Chris Judy (R)
- Chris May (R)
- Chuck Moseley (D)
- Cindy Ledbetter (R)
- Cory Criswell (R)
- Craig Haggard (R)
- Craig Snow (R)
- Dale DeVon (R)
- Danny Lopez (R)
- Dave Hall (R)
- David Abbott (R)
- Ed Clere (I)
- Ed Soliday (R)
- Ethan Lawson (R)
- Garrett Bascom (R)
- Greg Steuerwald (R)
- Hal Slager (R)
- Heath VanNatter (R)
- Hunter Smith (R)
- Jack Jordan (R)
- Jake Teshka (R)
- Jeff Thompson (R)
- Jim Lucas (R)
- Joanna King (R)
- Julie McGuire (R)
- Julie Olthoff (R)
- Karen Engleman (R)
- Kendell Culp (R)
- Kyle Miller (D)
- Kyle Pierce (R)
- Lindsay Patterson (R)
- Lori Goss-Reaves (R)
- Lorissa Sweet (R)
- Mark Genda (R)
- Martin Carbaugh (R)
- Matt Commons (R)
- Matt Hostettler (R)
- Matt Lehman (R)
- Michelle Davis (R)
- Mike Andrade (D)
- Mike Aylesworth (R)
- Robb Greene (R)
- Ryan Lauer (R)
- Shane Lindauer (R)
- Sheila Klinker (D)
- Steve Bartels (R)
- Tim O'Brien (R)
- Tim Wesco (R)
- Tim Yocum (R)
- Tony Isa (R)
- Tonya Pfaff (D)
- Wendy Dant Chesser (D)
- Wendy McNamara (R)
- Zach Payne (R)
No (23)
- Alex Burton (D)
- Andrew Ireland (R)
- Carolyn Jackson (D)
- Cherrish Pryor (D)
- Earl Harris (D)
- Ed DeLaney (D)
- Gregory Porter (D)
- J.D. Prescott (R)
- Jim Pressel (R)
- John Bartlett (D)
- Justin Moed (D)
- Matt Pierce (D)
- Maureen Bauer (D)
- Mitch Gore (D)
- Peggy Mayfield (R)
- Phil GiaQuinta (D)
- Ragen Hatcher (D)
- Randy Novak (D)
- Robin Shackleford (D)
- Sue Errington (D)
- Vanessa Summers (D)
- Vernon Smith (D)
- Victoria Garcia Wilburn (D)
Did not vote (10)
- Chris Campbell (D)
- Dave Heine (R)
- Doug Miller (R)
- Elizabeth Rowray (R)
- Ethan Manning (R)
- Jenny Meltzer (R)
- Mike Karickhoff (R)
- Reneé Pack (D)
- Ryan Dvorak (D)
- Todd Huston (R)
Source: Open States, compiled from the Indiana General Assembly's official roll calls. The official record at iga.in.gov controls. Spot an error? Let us know.