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)(4)(A) of the bill by replacing four existing clauses with three new ones.
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The new requirements include capital requirements for permitted payment stablecoin issuers to ensure their safety and soundness and the stability of the United States financial system.
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The amendment also adds liquidity requirements and interest rate risk management standards to ensure these issuers can meet redemptions and other obligations during a period of severe financial stress.
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Additionally, the amendment establishes heightened standards for operational, compliance, cybersecurity, and information technology risk management, including compliance with the Bank Secrecy Act and sanctions.
- 6/9/2025
- Senate amendment submitted
This bill has no cosponsors