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 prohibit certain financial assistance for issuers of payment stablecoins.
It would prevent a payment stablecoin issuer from having access to an emergency liquidity facility, which is a source of funds established under section 13(3) of the Federal Reserve Act.
The Board would also be prohibited from helping a payment stablecoin issuer get indirect access to such a facility through a bank, a bank holding company, a branch or agency of a foreign bank, or any other financial institution.
Additionally, the amendment would prevent the Secretary of the Treasury from using any amounts in the Exchange Stabilization Fund for the benefit of any issuer of a payment stablecoin.
- 6/9/2025
- Senate amendment submitted
This bill has no cosponsors