[Congressional Record Volume 171, Number 86 (Wednesday, May 21, 2025)]
[Senate]
[Page S3079]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2243. Mr. DURBIN submitted an amendment intended to be proposed by 
him to the bill S. 1582, to provide for the regulation of payment 
stablecoins, and for other purposes; which was ordered to lie on the 
table; as follows:

       At the appropriate place, insert the following:

     SEC. __. TREATMENT OF PERMITTED PAYMENT STABLECOIN ISSUERS AS 
                   DEPOSITORY INSTITUTIONS.

        A permitted payment stablecoin issuer shall be deemed to 
     be an insured depository institution for the purpose of any 
     requirement applicable to an insured depository institution 
     to file a charter, submit suspicious activity reports, report 
     large transactions under the Bank Secrecy Act, meet 
     regulatory capital standards, and undergo audits.
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