CONGRESS FOR VOTERS

Lisa Blunt Rochester (D-DE)

S.Amdt. 2276

S.Amdt. 2276 · Senate amendment

A Democratic amendment with no cosponsors

Changes S. 1582 — GENIUS Act

Not adopted

This amendment was never taken up, and the bill finished without it. It was never voted on.

Its path through Congress

  1. Introduced
  2. Pending Consideration
  3. Failed

What this amendment would do

  • Ms. Blunt Rochester submitted amendment SA 2276 to the bill S. 1582, which is about regulating payment stablecoins.

  • The amendment changes a specific part of the bill—section 18(c)(2)—by striking subparagraph (B) and replacing it with new language.

The Purpose of the Change

  • The purpose is to make sure that entities are subject to the jurisdiction of the United States regarding enforcement of the Act.

  • It also ensures they are subject to U.S. laws relating to anti-money laundering, countering the financing of terrorism, economic sanctions, financial fraud, and related financial crimes.

  • This includes laws administered by specific agencies: the Department of the Treasury, the Office of Foreign Assets Control, the Financial Crimes Enforcement Network, and the Department of Justice.