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, submitted by Ms. Warren, aims to add a new provision regarding service providers to section 4(a) of the bill.
Purpose and Changes
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The amendment gives the appropriate permitted payment stablecoin regulator authority over a service provider of the permitted payment stablecoin issuer.
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This authority applies to the same extent as if the service provider were in a service relationship with a depository institution, and the regulator were an appropriate Federal banking agency under section 7(c) of the Bank Service Company Act.
- 6/9/2025
- Senate amendment submitted
This bill has no cosponsors