[Congressional Record Volume 171, Number 86 (Wednesday, May 21, 2025)]
[Senate]
[Page S3082]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2252. Mr. REED 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:

       Add at the end the following:

     SEC. ___. STANDARD OF REVIEW.

       If this Act is silent or ambiguous as to the proper 
     construction of a particular term or provision or set of 
     terms or provisions, and a primary Federal payment stablecoin 
     regulator has followed the applicable procedures in sections 
     551 through 559 of title 5, United States Code, has otherwise 
     lawfully adjudicated a matter, or has followed the 
     corresponding procedural provisions of this Act, as 
     applicable, a reviewing court shall defer to the reasonable 
     or permissible interpretation of that statute by an agency, 
     regardless of the significance of the related agency action 
     or a possible future agency action.
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