S.Amdt. 2248

SA 2248. Mr. TUBERVILLE submitted an amendment intended to be
proposed to amendment SA 2228 proposed by Mr. Thune (for Mr. Ricketts
(for himself and Ms. Lummis)) 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:

Add at the end the following:
(d) Prohibition on Foreign Adversary Ownership.--A foreign
payment stablecoin issuer may not be owned, in whole or in
part, by--
(1) the People's Republic of China, including the Hong Kong
Special Administrative Region and the Macao Special
Administrative Region;
(2) the Republic of Cuba;
(3) the Islamic Republic of Iran;
(4) the Democratic People's Republic of Korea;
(5) the Russian Federation; or
(6) the Bolivarian Republic of Venezuela under the regime
of Nicolas Maduro Moros.
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