CONGRESS FOR VOTERS

Tommy Tuberville (R-AL)

S.Amdt. 2343

S.Amdt. 2343 · Senate amendment

A Republican amendment with no cosponsors

Changes S. 1582 — GENIUS Act

Not adopted

This amendment was never taken up, and the bill finished without it. It was never voted on.

Its path through Congress

  1. Introduced
  2. Pending Consideration
  3. Failed

What this amendment would do

This amendment would change the requirements for a foreign payment stablecoin issuer. It would add a rule stating that none of certain specific countries may have a controlling interest of 20 percent or more in the company. A controlling interest, meaning a majority or significant enough ownership to direct the company, is prohibited for these nations.

The listed countries include:

  • The People's Republic of China, including the Hong Kong Special Administrative Region and the Macao Special Administrative Region.
  • The Republic of Cuba.
  • The Islamic Republic of Iran.
  • The Democratic People's Republic of Korea.
  • The Russian Federation.
  • The Bolivarian Republic of Venezuela under the regime of Nicolas Maduro Moros.