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. Cruz submitted amendment SA 2273 to the bill S. 1582. The purpose of this amendment is to add a section titled PROHIBITION ON RESTRICTING TRANSACTIONS USING SELF-CUSTODIAL SOFTWARE INTERFACES.
What it Aims to Change or Add
The amendment adds a new rule that stops certain government officials from getting in the way of everyday people. Specifically, it adds a prohibition stating that no covered official may prohibit, restrict, or otherwise impair the ability of a person to conduct a transaction under two conditions:
- The transaction is for that person's own and otherwise lawful purposes.
- The transaction uses self-custodial software interfaces.
The officials covered by this restriction include an appropriate Federal banking agency, the Board, the Comptroller, the Corporation, or a primary Federal payment stablecoin regulator.
- 5/22/2025
- Senate amendment submitted
This bill has no cosponsors