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
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What the amendment does: It requires every payment stablecoin issuer to follow sections 23A and 23B of the Federal Reserve Act.
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How it treats issuers: It forces these companies to follow the exact same rules as a member bank under those specific sections.
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Purpose of the change: To add restrictions on affiliate transactions for payment stablecoin issuers by treating them like regular member banks.
- 6/9/2025
- Senate amendment submitted
This bill has no cosponsors