[Congressional Record Volume 171, Number 86 (Wednesday, May 21, 2025)]
[Senate]
[Page S3083]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2258. 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:

        At the appropriate place in section 4(a)(8), insert the 
     following:
       (__) Management officials.--
       (i) In general.--A management official of a permitted 
     payment stablecoin issuer may not serve as a management 
     official of any other permitted payment stablecoin issuer 
     that is not an institution-affiliated party.
       (ii) Enforcement.--In the enforcement of any violation of 
     clause (i), the Attorney General shall have all of the 
     functions and powers afforded the Attorney General under the 
     Clayton Act (15 U.S.C. 12 et seq.) without respect to any 
     jurisdictional limitations under that Act, including the 
     power to bring an enforcement action in the same manner as if 
     the violation of this subsection had been a violation of that 
     Act. All of the functions and powers of the Attorney General 
     or the Assistant Attorney General in charge of the Antitrust 
     Division of the Department of Justice are available to the 
     Attorney General or to such Assistant Attorney General to 
     investigate a possible violation of clause (i) in the same 
     manner as if such possible violation was a possible violation 
     of that Act.
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