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 changes the language regarding who is covered under certain sections of the bill.
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It adds "Principal Shareholders" to the subsection heading in section 4(f).
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It adds a new category in section 4(f)(1) that includes a principal shareholder of a payment stablecoin issuer.
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It defines a principal shareholder as a person who controls more than 5 percent of a class of equity securities of a payment stablecoin issuer.
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It adds the phrase "any crime involving dishonesty or breach of trust or" to the text in section 5(c)(2) following the words "convicted of".
- 5/21/2025
- Senate amendment submitted
This bill has no cosponsors