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. Hickenlooper submitted SA 2305 to the bill S. 1582, which provides for the regulation of payment stablecoins.
What It Aims to Change
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It strikes paragraph (11) in section 4(a) of the bill and replaces it with a new rule regarding a Prohibition on interest.
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It explicitly bans any permitted payment stablecoin issuer, foreign payment stablecoin issuer, or their affiliate from paying the holder of a payment stablecoin any form of interest or yield.
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This ban applies directly or indirectly, and covers cash, tokens, rewards, or other consideration connected to holding, using, or retaining the stablecoin.
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It directs primary Federal payment stablecoin regulators to issue rules to carry out this prohibition, including rules that identify activities or transactions outside the scope of this ban.
- 6/5/2025
- Senate amendment submitted
This bill has no cosponsors