[Congressional Record Volume 171, Number 98 (Monday, June 9, 2025)]
[Senate]
[Pages S3291-S3292]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2346. Mr. HAWLEY (for himself and Mr. Blumenthal) 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 2, redesignate paragraphs (16) through (32) as 
     paragraphs (17) through (33), respectively.
       In section 2, insert after paragraph (15) the following:
       (16) Interactive computer service.--The term ``interactive 
     computer service'' means any information service, system, or 
     access software provider that--
       (A) provides or enables computer access by multiple users 
     to a computer server, including specifically a service or 
     system that provides access to the Internet and such systems 
     operated or services offered by libraries or educational 
     institutions;
       (B) averages more than 25,000,000 unique users on a monthly 
     basis or has 25,000,000 user accounts; and
       (C) includes any parent, subsidiary, and affiliate of the 
     information service, system, or access software provider.
       In section 4, redesignate subsections (g), (h), and (i) as 
     subsections (h), (i), and (j), respectively.
       In section 4, after subsection (f), insert the following:

[[Page S3292]]

       (g) Liability for Interactive Computer Services.--An 
     interactive computer service shall be excepted from the 
     liability protection under section 230(c)(1) of the 
     Communications Act of 1934 (47 U.S.C. 230(c)(1)) for the 
     promotion, marketing, or the facilitation of a transaction 
     involving a payment stablecoin if the interactive computer 
     service--
       (1) fails to take reasonable steps to prevent material 
     misrepresentation, market manipulation, or unauthorized 
     promotion of such asset;
       (2) materially edits or amplifies content relating to 
     digital asset investment, including through algorithmic 
     curation or boosting; or
       (3) fails to take reasonable steps to prevent illegal 
     activity transacted using such asset.
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