The US House Financial Services Committee has proposed a bill that would give non-bank stablecoin issuers access to central bank money, according to a 73-page draft legislation. The bill aims to introduce new rules and regulations for payment stablecoin issuers in the US, and clarify the requirements for insured depository institutions and non-bank entities. The bill would give non-bank stablecoin issuers access to central bank deposit accounts and central bank borrowing, and establish a 90-day decision-making period for regulators. The bill has received bipartisan support and will be discussed at a hearing on April 19. Penalties for unlicensed stablecoin operations have been set at $100,000 per day.