The White House, in an update to an April analysis by the Council of Economic Advisers (CEA), stated that eliminating stablecoin yield would increase bank lending by approximately $2.1 billion under its baseline assumptions, representing only 0.02% of outstanding bank loans. Community banks would account for roughly $500 million of this additional lending, or about 0.03% of their loan books. The CEA estimated the policy would also carry a net welfare cost of about $800 million annually. This analysis pushes back against estimates from eight major banking trade associations, which had warned Senate leaders that stablecoin rewards could encourage deposit flight from the traditional banking system.