After the financial crisis, there was a significant period of reform in financial markets, where we gave preference to price stability products that worked properly, such as government money market funds or stable value funds, and penalized, restricted, or increased capital for those which did not work properly, such as deposits at highly leveraged banks, prime-money market funds, or securitizations. This means we know how to define safe, stable reserves for a stablecoin that are not a threat to financial markets, and H.R. 4766 does this.