A Democratic amendment with no cosponsors
Changes S.Con.Res. 33 — A concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2026 and setting forth the appropriate budgetary levels for fiscal years 2027 through 2035.
Offered
Offered, and not voted on yet. Most amendments never get a vote: the Senate takes up the bill and moves on without them.
Its path through Congress
- Introduced
- Pending Consideration
What this amendment would do
SA 5107, submitted by Mr. Durbin, is an amendment to the concurrent resolution S. Con. Res. 33. Its purpose is to create a deficit-neutral reserve fund to help prevent cryptocurrency ATM fraud.
The amendment aims to add a section that allows the Chairman of the Committee on the Budget of the Senate to adjust budgetary levels and the pay-as-you-go ledger for legislation that focuses on the following:
- Requiring virtual currency kiosk operators to register with the Financial Crimes Enforcement Network of the Department of Treasury.
- Providing fraud warnings and disclosures on all virtual currency kiosks.
- Requiring consumer acknowledgement of disclosures on all virtual currency kiosks.
- Appointing a compliance officer.
- Providing print receipts at all virtual currency kiosks.
- Using blockchain analytics.
- Refunding fees for existing customers and full transactions for new customers regarding fraudulently induced transactions.
- Imposing daily transaction limits of $1,000 for new customers and $2,000 for existing customers.
- Providing live customer service.
- Communicating with law enforcement about fraudulent transactions.
This is provided that the legislation does not increase the deficit from fiscal year 2026 through 2035.
- 4/22/2026
- Senate amendment submitted
This bill has no cosponsors