Not adopted
This amendment was never taken up, and the bill finished without it. It was never voted on.
Its path through Congress
- Introduced
- Pending Consideration
- Failed
What this amendment would do
This amendment would add a new requirement to section 18(a) of the bill regarding the regulation of payment stablecoins. It specifies that a foreign payment stablecoin issuer cannot be owned, either entirely or partially, by certain foreign entities or nations. These prohibited owners include the People's Republic of China, including the Hong Kong and Macao Special Administrative Regions, as well as the Republic of Cuba. It also prohibits ownership by the Islamic Republic of Iran, the Democratic People's Republic of Korea, the Russian Federation, and the Bolivarian Republic of Venezuela under the regime of Nicolas Maduro Moros.
- 5/21/2025
- Senate amendment submitted
This bill has no cosponsors