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Search Results: keywords:"reserves"

  • H.R. 9910 aims to change the rules regarding military leave for Federal employees in the United States. The bill proposes an amendment to title 5 of the United States Code, increasing the amount of military leave available from 15 days to 36 days. This legislation is intended...

    Simple Explanation

    H.R. 9910 is a plan to give more days off to people who work for the government and also serve in the military. They want to change the rule so these workers get 36 days off instead of just 15.

  • H. R. 4766, named the “Clarity for Payment Stablecoins Act of 2023,” aims to regulate payment stablecoins, which are digital assets designed to maintain a stable value. The bill outlines who can issue stablecoins, requiring them to back their coins with reserves like U.S. currency or Treasury...

    Simple Explanation

    The Clarity for Payment Stablecoins Act of 2023 is like a set of rules to make sure digital coins called stablecoins stay safe and fair, needing people who make these coins to keep enough money to back them up and get permission to do so. It also makes it clear that these coins are different from other money stuff like stocks, so they have their own special rules.