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 change the text of the bill by replacing several existing lines with two new provisions.
The first provision states that the act does not expand or contract the legal eligibility of any party to receive services from or make deposits with a Federal Reserve bank, which is a central bank of the United States, according to the Federal Reserve Act.
The second provision establishes a rule of construction, which is a method used to interpret the meaning of a law.
This rule states that complying with this specific section of the law does not change or affect any additional requirements that a State payment stablecoin regulator might have regarding the offering of payment stablecoins.
- 6/9/2025
- Senate amendment submitted
This bill has no cosponsors