[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 2264. 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 4(f), in the subsection heading, strike ``or 
     Directors'' and insert ``Directors, or Principal 
     Shareholders''.
       In section 4(f)(1)(A), strike ``; or'' and insert a 
     semicolon.
       In section 4(f)(1)(B), strike the period and insert ``; 
     or''.
       In section 4(f)(1), add at the end the following:
       (C) a principal shareholder of a payment stablecoin issuer.
       In section 4(f), add at the end the following:
       (3) Principal shareholder.--For purposes of paragraph 
     (1)(C), a person is a principal shareholder of a payment 
     stablecoin issuer if that person controls more than 5 percent 
     of a class of equity securities of a payment stablecoin 
     issuer.
       In section 5(c)(2), insert ``any crime involving dishonesty 
     or breach of trust or'' after ``convicted of''.
                                 ______