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
Mr. Reed submitted amendment SA 2262 to the bill S. 1582, which is designed to provide for the regulation of payment stablecoins and for other purposes.
The purpose of this amendment is to change specific wording in section 6(b) of the bill. Here is what it aims to change or add:
Key Changes
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It replaces the word attempted with potential everywhere that term appears in section 6(b).
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In section 6(b)(1)(A), it adds the phrase or is about to willfully or recklessly violate alongside the existing terms for violating the rule.
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In section 6(b)(2), it changes the word attempting to about.
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In section 6(b)(2), it expands the phrasing from application or other request to application, notice, or other request by the permitted payment stablecoin issuer or institution-affiliated party or any written agreement entered into with the regulator.
- 5/21/2025
- Senate amendment submitted
This bill has no cosponsors