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 would change section 4(a) of the bill regarding the activities a permitted payment stablecoin issuer is allowed to perform.
Under this amendment, a permitted payment stablecoin issuer would be limited to the following actions:
- Issuing payment stablecoins.
- Redeeming payment stablecoins.
- Managing related reserves, which includes purchasing, selling, and holding reserve assets or providing custodial services for reserve assets, in accordance with State and Federal law.
- Providing custodial or safekeeping services for payment stablecoins, required reserves, or private keys of payment stablecoins, in accordance with this Act.
- Undertaking other activities that directly support the activities listed above.
- 6/9/2025
- Senate amendment submitted
This bill has no cosponsors