To provide for expedited certification of existing regulatory regimes.

SA 2228. Mr. RICKETTS (for himself and Ms. Lummis) 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(c), add at the end the following:
(8) Expedited certifications of existing regulatory
regimes.--The Stablecoin Certification Review Committee shall
take all necessary steps to endeavor that, with respect to a
State that, within 180 days of the date of enactment of this
Act, has in effect a prudential regulatory regime (including
regulations and guidance) for the supervision of digital
assets or payment stablecoins, the certification process
under this paragraph with respect to that regime occurs on an
expedited timeline after the effective date of this Act.
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