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
- Permitted payment stablecoin issuers and payment stablecoin custodians must get private insurance.
- This insurance must cover the costs of hacks, other operational failures, and consumer reimbursement.
- The manner and amount of the insurance will be prescribed by the appropriate State payment stablecoin regulator or primary Federal payment stablecoin regulator.
- 6/9/2025
- Senate amendment submitted
This bill has no cosponsors