[Congressional Record Volume 171, Number 86 (Wednesday, May 21, 2025)]
[Senate]
[Page S3085]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2261. Mr. SCHIFF 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, insert the 
     following:
       (__) Disclosure Relating to Payment Stablecoins.--Section 
     13104(a) of title 5, United States Code, is amended--
       (1) in paragraph (3)--
       (A) in the paragraph heading, by inserting ``and payment 
     stablecoins'' after ``property''; and
       (B) in the first sentence, by inserting ``or payment 
     stablecoins (as defined in section 2 of the GENIUS Act)'' 
     after ``any interest in property''; and
       (2) in paragraph (5)--
       (A) in subparagraph (B), by inserting ``payment stablecoins 
     (as defined in section 2 of the GENIUS ACT),'' after 
     ``commodities futures,''; and
       (B) in the flush matter following subparagraph (B), by 
     adding at the end the following: ``Reporting is not required 
     under subparagraph (B) of any exchange of payment stablecoins 
     (as defined in section 2 of the GENIUS Act) for goods and 
     services.''.
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