[Congressional Record Volume 171, Number 98 (Monday, June 9, 2025)]
[Senate]
[Page S3287]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2321. Ms. WARREN submitted an amendment intended to be proposed to 
amendment SA 2307 proposed by Mr. Thune (for Mr. Hagerty (for himself 
and Mrs. Gillibrand)) 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(a)(4)(A), strike clauses (i) through (iv) and 
     insert the following:
       (i) capital requirements applicable to permitted payment 
     stablecoin issuers that ensure the safety and soundness of 
     the permitted payment stablecoin issuer and the stability of 
     the United States financial system;
       (ii) appropriate liquidity requirements and interest rate 
     risk management standards applicable to permitted payment 
     stablecoin issuers that ensure permitted payment stablecoin 
     issuers can meet redemptions and other obligations in a 
     period of severe financial stress; and
       (iii) heightened operational, compliance, cybersecurity, 
     and information technology risk management standards, 
     including Bank Secrecy Act and sanctions compliance, 
     commensurate with the increased risk profile of digital asset 
     activities.
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