[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 2263. 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:

       In section 2(13), insert ``, or agent for,'' after 
     ``controlling stockholder of''.
       In section 6(b)(3), in the matter preceding subparagraph 
     (A), strike ``all such permitted payment stablecoin issuers'' 
     and insert ``all such permitted payment stablecoin issuers, 
     any insured depository institution, any savings association, 
     any Farm Credit System institution chartered under, and 
     subject to the provisions of, the Farm Credit Act of 1971 (12 
     U.S.C. 2001 et seq.), any appropriate Federal banking agency 
     (as defined in section 3 of the Federal Deposit Insurance Act 
     (12 U.S.C. 1813)), the Federal Housing Finance Agency, any 
     Federal Home Loan Bank, or the Bureau of Consumer Financial 
     Protection''.
       In section 6(b)(3)(A), strike ``; or'' and insert a 
     semicolon.
       In section 6(b)(3)(B), strike the period and insert a 
     semicolon.
       In section 6(b)(3), add at the end the following:
       (C) the institution-affiliated party has participated in 
     any unsafe or unsound practice; or
       (D) the institution-affiliated party has breached any 
     fiduciary duty.
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