[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 2260. 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 of title 5, United States Code, is amended--
       (1) in subsection (a)--
       (A) in paragraph (5)--
       (i) in subparagraph (B), by inserting ``payment stablecoins 
     (as defined in section 2 of the GENIUS ACT),'' after 
     ``commodities futures,''; and
       (ii) 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.''; and
       (B) by adding at the end the following:
       ``(9) Payment stablecoins.--The identity and category of 
     value of any payment stablecoin (as defined in section 2 of 
     the GENIUS Act) that has a fair market value that exceeds 
     $1,000 as of the close of the preceding calendar year held by 
     the reporting individual during the preceding calendar 
     year.'';
       (2) in subsection (b)(1)(B), by striking ``(3) and (4)'' 
     and inserting ``(3), (4), and (9)''; and
       (3) in subsection (d)(1)--
       (A) in the paragraph heading, by striking ``(3), (4), (5), 
     and (8)'' and inserting ``(3), (4), (5), (8), and (9)''; and
       (B) in the matter preceding subparagraph (A), by striking 
     ``(3), (4), (5), and (8)'' and inserting ``(3), (4), (5), 
     (8), and (9)''.
                                 ______